Utssav Cz Gold Jewels Limited

Company Profile
Company Name Utssav Cz Gold Jewels Limited
Open Date 31-07-2024
Close Date 02-08-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹104 to ₹110 per share
Issue Size 63,18,000 shares
Application Amount ₹1,32,000
Recommendation Avoid
Company Background - Incorporated in November 2007, Utssav Cz Gold Jewels Limited has their registered office in Mumbai, Maharashtra. Business Activities: The company makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Revenue Streams: In the 2023 financial year, the 18K and 22K gold jewellery categories accounted for 73.27% and 24.94% of total sales, and in the ten months ending January 31, 2024, they were 74.22% and 24.67% respectively. Customer Base: The company's customers are in 17 states and 2 union territories in India, as well as 2 countries abroad. However, domestic sales predominantly drive revenue, with Maharashtra and Delhi contributing the most in FY24 (₹5,464.73 lakhs and ₹2,635.82 lakhs, respectively). The company had 69 permanent employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24 Jan 24
Revenue 12,022.72 12,329.86 23,818.61 27,595.41
EBITDA 354.01 649.84 1,235.61 1,769.90
Net Profit 161.87 333.94 714.96 1,073.77
RoCE 11.74% 22.11% 36.37% 43.39%
ROE 13.77% 22.13% 31.96% 32.43%
P/E 114.58 55.28 25.82 17.21

Tentative Timeline

Opening Date 31-07-2024
Closing Date 02-08-2024
Basis of Allotment 05-08-2024
Initiation of Refunds 06-08-2024
Credit of Shares to Demat 06-08-2024
Listing Date 07-08-2024

Objects of the Issue

Funding the working capital requirement of the company.
General Corporate Purposes.

Contact Information

Registered Office Utssav Cz Gold Jewels Limited 2 nd Floor Hitech Plaza Giriraj Indl Estate Mahakali Caves Road Andheri (East), Mumbai City, Mumbai - 400 093
Phone +91 98194 86232
Email compliance@utssavjewels.com
Website https://utssavjewels.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered 1,800,000 (28.49%)
Market Maker Shares Offered 318,000 (5.03%)
QIB Shares Offered 1,200,000 (18.99%)
NII (HNI) Shares Offered 900,000 (14.25%)
Retail Shares Offered 2,100,000 (33.24%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 92.15%
Share Holding Post Issue (Promoters) 66.08%

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