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Utssav CZ Gold Jewels IPO IPO

  • Status: Closed
  • ₹ 0 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    31 Jul 2024

  • Close Date

    02 Aug 2024

  • IPO Price Range

    TBA

  • IPO Size

    ₹ 1200 Cr

  • Listing Exchange

    TBA

  • Listing Date

    07 Aug 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 27 August 2024 12:00 PM by chetan

•    The company is operating in a highly competitive and fragmented segment of gold jewelleries.
•    The sudden boost in its bottom lines from FY23 onwards raises eyebrows and concern over its sustainability.
•    Based on FY24 annualized super earnings, the issue appears fully priced discounting all near term positives. 
•    While recent SME IPOs are going public with March 24 numbers, while this company is going public with January 31, 2024 numbers.
•    The company did a placement at Rs. 82.50 per share in April 2024.
•    Now, it is asking Rs. 110 at the upper cap from public.
•    There is no harm in skipping this "High Risk/Low Return" pricey issue. 

  1. Funding Working Capital requirement of the company
  2. General Corporate Purpose

Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ Gold jewellery.

The company makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.

The company's manufacturing facility in Andheri East, Mumbai, covers 8,275 square feet and produces a variety of jewellery with a capacity of 1,500 kg per annum.

The company's customers are in 17 states and 2 union territories in India, as well as 2 countries abroad.

The company offers a wide range of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold categories, popular for daily and fashion wear. These include traditional and contemporary designs at various price points to match consumer preferences. In the 2023 financial year, the 18K and 22K gold jewelry 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.

The company, with 15 CAD designers, develops about 400 designs monthly to stay ahead of market trends and meet customer demands. 

As of March 31, 2024, the company has 69 permanent employees on its payroll.

Strengths

  • Consistent Highest Return Stocks over Five Years - Nifty500
  • Relative Outperformance versus Industry over 1 Year
  • Strong Annual EPS Growth
  • Annual Profit Growth higher than Sector Profit Growth
  • New 52 week high today
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • -16.8% returns for Nifty 500 over 1.9 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Company reducing Debt
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Annual Net Profits improving for last 2 years
  • Book Value per share Improving for last 2 years
  • Stock gained more than 20% in one month
  • Stocks Outperforming their Industry Price Change in the Quarter

Risks

  • Rising Delivery Percentage Compared to Prev Day
  • Bullish or Bearish Candlestick Strength - Indices
  • Stocks whose current price is 20% higher than week low, and more than previous close
  • Stocks with Expensive Valuations according to the Trendlyne Valuation Score
  • 177.2% returns for Nifty 500 over 4.5 years
  • New 52 Week High

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FAQs

The Utssav Cz Gold Jewels IPO opens on July 31, 2024 and closes on August 2, 2024.

Utssav Cz Gold Jewels IPO lot size is 1200 Shares, and the minimum amount required is ₹132,000.

You can apply in Utssav Cz Gold Jewels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.

The finalization of Basis of Allotment for Utssav Cz Gold Jewels IPO will be done on Monday, August 5, 2024, and the allotted shares will be credited to your demat account by Tuesday, August 6, 2024. 

The Utssav Cz Gold Jewels IPO listing date is on August 7, 2024.