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/
Last updated on 02-Aug-2024 18:07:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1200000 | 43718400 | 36.43 |
| NIB | 900000 | 58340400 | 64.82 |
| RETAIL | 2100000 | 98090400 | 46.71 |
| Total | 4200000 | 200149200 | 47.65 |
| Retail Apps | 81742 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.57 | @8% ₹10.94 | @9% ₹12.31 | @10% ₹13.67 | @11% ₹15.04 | @12% ₹16.41 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 132000 | 1750 |
| HNI | 2 | 2400 | 264000 | 750 |
Utssav Cz Gold Jewels IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.24% | 2100000 |
| NII (HNI) | 14.25% | 900000 |
| Anchor | 28.49% | 1800000 |
| QIB | 18.99% | 1200000 |
| Market Maker | 5.03% | 318000 |
| Total | 100.00% | 6318000 |
| Issue Size | 6,318,000 shares (aggregating up to ₹69.50 Cr) |
| Fresh Issue | 6,318,000 shares (aggregating up to ₹69.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,500,000 |
| Share holding post issue | 23,818,000 |
| Market Maker portion | 318,000 shares Choice Equity Broking |
Key Performance Indicator
| KPI | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 38.71% | 38.17% | 24.88% |
| ROCE | 20.43% | 21.72% | 13.34% |
| RONW | 38.71% | 38.17% | 24.88% |
| D/E | 2.33 | 2.22 | 2.39 |
| EPS (basic) | 6.39 | 4.26 | 1.99 |
| P/E Pre IPO | 26.92 | ||
| P/E Post IPO | 20.33 |
Company Financials
Utssav Cz Gold Jewels Limited Financial Information (Restated)
| Period | Jan 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 12,333.33 | 8,215.83 | 5,616.49 | 4,423.40 |
| Revenue | 27,733.20 | 23,971.52 | 12,342.53 | 12,030.66 |
| Profit | 1,073.76 | 714.96 | 333.95 | 161.87 |
| Net Worth | 3,311.00 | 2,237.24 | 1,509.33 | 1,175.38 |
| Reserves | 2,891.00 | 1,817.24 | 1,089.33 | 755.38 |
| Borrowing | 7,703.16 | 4,966.02 | 3,601.97 | 3,016.08 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ gold jewellery, offering an extensive range of products including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. With a manufacturing facility spanning 8,275 square feet in Andheri East, Mumbai, the company boasts an impressive production capacity of 1,500 kg per annum. Catering to customers in 17 states and 2 union territories in India, as well as in 2 countries abroad, Utssav Cz Gold Jewels Limited specializes in lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold, popular for daily and fashion wear, featuring both traditional and contemporary designs at various price points. 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, these categories represented 74.22% and 24.67% of sales, respectively. The company's team of 15 CAD designers develops about 400 new designs monthly to maintain a competitive edge in the market.
Strength
Diverse Product Range: The company offers a wide range of lightweight jewellery across 18K, 20K, and 22K CZ gold and rose gold categories, catering to daily and fashion wear segments with both traditional and contemporary designs.
Skilled Workforce: With a diverse team of skilled artisans and professionals, the company ensures high-quality craftsmanship and innovative designs, supported by 15 CAD designers who develop around 400 new designs monthly.
Established Client Relationships: The company has long-standing relationships with established brands in the domestic jewellery market, such as D.P. Abhushan Limited and Kalamandir Jewellers Limited, consistently delivering quality products and earning customer trust and loyalty.
Weakness
Client Concentration: A significant portion of revenues is concentrated among a limited number of clients, and the loss of any major client could adversely affect the company's business, financial condition, and operational results.
Litigation Risks: Ongoing litigation poses a risk, as an adverse outcome could negatively impact the company's business, reputation, and financial performance.
Operational Dependence: The unexpected loss, shutdown, or slowdown of operations at the manufacturing plant could have a substantial adverse effect on the company's operational results and financial health.