Utssav Cz Gold Jewels Limited is launching an IPO with a fresh issue of 63,18,000 shares worth INR 69.50 crores. The company aims to fund working capital requirements and meet general corporate purposes.
Utssav Cz Gold Jewels IPO – Important Dates
| Utssav Cz Gold Jewels Limited IPO Date | July 31, 2024 to August 2, 2024 |
| Utssav Cz Gold Jewels Limited IPO Listing Date | August 7, 2024 |
| Utssav Cz Gold Jewels Limited IPO Price | INR 104-110 per share |
| Utssav Cz Gold Jewels Limited IPO Lot Size | 1200 shares |
| Utssav Cz Gold Jewels Limited IPO Total Issue Size | INR 69.50 crores |
| Utssav Cz Gold Jewels Limited IPO Basis of Allotment | August 5, 2024 |
| Utssav Cz Gold Jewels Limited IPO Initiation of Refunds | August 6, 2024 |
| Utssav Cz Gold Jewels Limited IPO Credit of Shares to Demat | August 6, 2024 |
| Utssav Cz Gold Jewels Limited IPO Issue Type | Book Built Issue IPO |
| Utssav Cz Gold Jewels Limited IPO Listing At | NSE SME |
Utssav Cz Gold Jewels Ltd IPO – Company Profile
Utsav CZ Gold Jewels Limited, established in 2007, specializes in designing, manufacturing, and exporting lightweight 18K, 20K, and 22K CZ gold and rose gold jewelry, including rings, earrings, pendants, and more.
Specializing in lightweight CZ casting gold jewelry, including rings, earrings, and necklaces, this firm offers exquisite designs tailored to today’s youth. Known for high-quality cubic zirconia, it blends elegance with affordability and is backed by skilled CAD designers.
Spanning 8,275 sq. ft. in Mumbai, this facility produces 1,500 kg of jewelry annually. Trusted by retailers like D.P. Abhushan and Kalamandir, it serves clients across 17 states, two union territories, and internationally.
Utssav Cz Gold Jewels Ltd IPO Fundamental Analysis
Utssav Cz Gold Jewels Limited Technologies’ financial analysis reveals a mixed performance. Revenue has grown significantly, with a substantial increase in profitability and EPS. Equity and liabilities show consistent growth, while debt reliance has decreased, indicating robust financial health.
- Revenue Trend: The revenue increased from ₹12,329.86 lakhs in March 2022 to ₹23,818.61 lakhs in March 2023. The revenue for the current year’s 10-month period ending January 2024 is INR 27,595.41 lakhs, crossing last year’s benchmark.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹333.95 lakhs in March 2022 to ₹1,073.76 lakhs by January 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.99 in March 2022 to ₹38.71 by January 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 24.88% to 38.71%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Utssav Cz Gold Jewels IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 January 2024 |
| Revenue (₹ in lakhs) | 12,329.86 | 23,818.61 | 27,595.41 |
| Equity (₹ in lakhs) | 1,509.33 | 2,237.24 | 3,311 |
| Expenses (₹ in lakhs) | 27,595.41 | 23,010.56 | 26,298.30 |
| Profit and Loss After Tax (₹ in lakhs) | 333.95 | 714.96 | 1,073.76 |
| Diluted EPS only (₹) | 1.99 | 4.26 | 6.39 |
| Return on Net Worth (%) | 24.88 | 38.17 | 38.71 |
| NAV per Equity Share (₹) | 8.98 | 13.32 | 19.71 |
| Total Assets (in lakhs) | 5,616.49 | 8,215.83 | 12,333.33 |
| Total Liabilities (in lakhs) | 4,107.16 | 5,978.59 | 9,022.33 |
| Debt Equity Ratio | 2.39 | 2.22 | 2.33 |
Utssav Cz Gold Jewels Ltd IPO Peer Comparison
Utsav CZ Gold Jewels Limited shows strong performance with notable metrics. Ashapuri Gold Ornaments Limited has steady results, while Sky Gold Limited and Swarnsarita Jewels India Limited exhibit significant figures. Uday Jewellery Industries Ltd. also performs well.
| Company | Revenue from Operations(₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Utssav Cz Gold Jewels Limited | 23,818.61 | 10 | – | 4.26 | 38.17 | 13.32 |
| Ashapuri Gold Ornaments Limited | 15,800.63 | 10 | 10.70 | 0.71 | 2.19 | 33.01 |
| Sky Gold Limited | 1,15,380.07 | 10 | 115.11 | 17.32 | 21.28 | 91.34 |
| Swarnsarita Jewels India Limited | 83,990.11 | 10 | 9.29 | 3.01 | 5.52 | 56.09 |
| Uday Jewellery Industries Ltd. | 17,673.09 | 10 | 32.42 | 4.31 | 15.18 | 30.58 |
Utssav Cz Gold Jewels Ltd IPO Objective
The main objective of Utssav Cz Gold Jewels Limited is to meet the working capital requirements.
- Funding Working Capital requirement of the company: The company intends to utilize INR 60.50 crores to meet increased working capital needs due to expanded manufacturing and inventory requirements. This funding will support domestic and export growth, leveraging internal accruals and net proceeds.
- General Corporate Purpose: The company will deploy the balance of funds towards general corporate purposes, including strategic initiatives, brand building, strengthening marketing activities, further capital expenditure, and other needs to support ongoing operations and growth.
Utssav Cz Gold Jewels IPO Risks And Challenges
Utssav Cz Gold Jewels Utssav Cz Gold Jewels Limited’s risk includes losing key clients, equipment failures, and inability to predict consumer trends. Mitigation involves robust risk management, securing new customers, and maintaining strong design capabilities to adapt to market changes.
- With their top ten customers contributing significantly to revenue, losing key clients or failing to secure long-term contracts could impact their business. While they seek new customers, retaining established ones remains critical.
- Equipment failures, power interruptions, and natural disasters could disrupt manufacturing and strain financial stability. Investing in robust risk management, comprehensive business continuity plans, and maintaining adequate insurance coverage is essential to mitigate these risks.
- Their success hinges on their design team’s ability to predict trends and respond to changing consumer demands. Failure to adapt to shifts in customer preferences, influenced by fashion and market conditions, could reduce revenue and impact sales.
Utssav Cz Gold Jewels Ltd IPO – Industry & Market Potential
The Indian Gems and Jewellery industry is shifting from fragmented family businesses to branded jewellery, driven by rising incomes, urbanization, and consumer preferences for variety. This shift supports growth and increased profitability in the organized segment.
Seasonal events like weddings and festivals drive jewellery demand in India, which is influenced by rural incomes and auspicious occasions. Rising income boosts gold consumption, while branded jewellery’s perceived quality attracts consumers, enhancing market appeal.
The domestic gold jewellery wholesale industry is projected to grow from 378 tonnes in 2022 to 475 tonnes by 2030, with a CAGR of 2.5%, increasing in value from ₹1,713 billion to ₹2,340 billion.
Utssav Cz Gold Jewels Ltd IPO – Type of Offer
Utssav Cz Gold Jewels Limited is launching an IPO with a fresh issue of 63,18,000 shares worth INR 69.50 crores. The company aims to fund working capital requirements and meet general corporate purposes.
Utssav Cz Gold Jewels IPO Offer Size
The offer size of Utssav Cz Gold Jewels Limited is INR 69.50 crores, consisting of a fresh issue of 63,18,000 shares. The company seeks funds for working capital requirements and general corporate purposes.
Utssav Cz Gold Jewels Limited IPO Allotment Structure
Utssav Cz Gold Jewels Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 318,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 318,000 shares, are reserved for marker makers.
How to apply for an Utssav Cz Gold Jewels IPO?
To apply for the Utssav Cz Gold Jewels Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Utssav Cz Gold Jewels Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Utssav Cz Gold Jewels IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Utssav Cz Gold Jewels Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Utssav Cz Gold Jewels Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Utssav Cz Gold Jewels Limited IPO Offer Registrar
The registrar for the Utssav Cz Gold Jewels Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri (East), Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Utssav Cz Gold Jewels Limited IPO – FAQs
1. What is Utssav Cz Gold Jewels allotment date?
The allotment date of the Utssav Cz Gold Jewels Limited IPO is August 5, 2024.
2. What is the price band of the Utssav Cz Gold Jewels IPO?
The price band of the issue is INR 104-110 per share.
3. What is the size of the Utssav Cz Gold Jewels IPO?
The offer size of Utssav Cz Gold Jewels Limited is INR 69.50 crores, consisting of a fresh issue of 63,18,000 shares. The company seeks funds for working capital requirements and general corporate purposes.
4. What is the listing date of the Utssav Cz Gold Jewels IPO?
The listing date of Utssav Cz Gold Jewels Limited IPO is August 7, 2024.
