Utssav Cz Gold Jewels IPO opens today: Check issue size, price band, GMP and other details
Utssav Cz Gold Jewels' SME IPO is now open for subscription until August 2. The company plans to raise Rs 69.5 crore by offering shares at Rs 104-110 each. The funds will primarily be used for working capital and general corporate purposes. The fi...
By Akash Podishetti, ETMarkets.com |
ANI
The SME IPO of Utssav Cz Gold Jewels has opened for subscription today and will close on August 2. The company aims to raise about Rs 69.5 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Utssav Cz Gold Jewels IPO size
The IPO is entirely a fresh equity issue of 63.18 lakh shares and through the issue, the company plans to raise Rs 69.5 crore.
2) Utssav Cz Gold Jewels IPO price band
The company is offering its shares at Rs 104-110 apiece, and investors can bid for 1200 shares in 1 lot.
3) Utssav Cz Gold Jewels GMP
In the unlisted market, the company's shares have no GMP.
The company is in the business of designing, manufacturing, wholesaling and exporting 18Karat 20Karat and 22Karat CZ Gold jewellery. It specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery.
5) Industry overview
The domestic gold jewellery wholesale industry is expected to grow from 378 tonnes (out of 600 tonnes total gold jewellery demand) in 2022 to 402 tonnes by 2025 and 475 tonnes by 2030, at a CAGR of 2.5%. In value terms, the industry size is expected to increase to Rs 2.34 lakh crore in 2030 from Rs 1.71 lakh crore in 2022.
6) Utssav Cz Gold Jewels financial performance
For the year ended January 2024, the company clocked total revenues of Rs 276 crore and net profit of Rs 10.73 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for funding working capital requirements and other general corporate purposes.
Choice Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on July 31 and will close on August 2. The final allotment will likely be made on August 5. The company's shares will likely get listed on August 7.
1) Utssav Cz Gold Jewels IPO size
The IPO is entirely a fresh equity issue of 63.18 lakh shares and through the issue, the company plans to raise Rs 69.5 crore.
2) Utssav Cz Gold Jewels IPO price band
The company is offering its shares at Rs 104-110 apiece, and investors can bid for 1200 shares in 1 lot.
3) Utssav Cz Gold Jewels GMP
In the unlisted market, the company's shares have no GMP.
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4) About Utssav Cz Gold JewelsThe company is in the business of designing, manufacturing, wholesaling and exporting 18Karat 20Karat and 22Karat CZ Gold jewellery. It specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery.
5) Industry overview
The domestic gold jewellery wholesale industry is expected to grow from 378 tonnes (out of 600 tonnes total gold jewellery demand) in 2022 to 402 tonnes by 2025 and 475 tonnes by 2030, at a CAGR of 2.5%. In value terms, the industry size is expected to increase to Rs 2.34 lakh crore in 2030 from Rs 1.71 lakh crore in 2022.
6) Utssav Cz Gold Jewels financial performance
For the year ended January 2024, the company clocked total revenues of Rs 276 crore and net profit of Rs 10.73 crore.
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7) Objects of the offer
The net proceeds from the public offer will be used for funding working capital requirements and other general corporate purposes.
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8) Lead managers and RegistrarChoice Capital Advisors is acting as the lead manager to the issue and Bigshare Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on July 31 and will close on August 2. The final allotment will likely be made on August 5. The company's shares will likely get listed on August 7.
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