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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹69.50 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹69.50 Cr |
| Fresh Issue | ₹66.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹104.00-110.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | UTSSAV |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Choice Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of our Company | 60.50 |
| 2 | General Corporate Purpose | 0.24 |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 123.33 | 82.16 | 56.16 | 44.23 |
| Total Income | 277.33 | 239.72 | 123.43 | 120.31 |
| Profit After Tax | 10.74 | 7.15 | 3.34 | 1.62 |
| NET Worth | 33.11 | 22.37 | 15.09 | 11.75 |
| Reserves and Surplus | 28.91 | 18.17 | 10.89 | 7.55 |
| Total Borrowing | 77.03 | 49.66 | 36.02 | 30.16 |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 38.71% |
| ROCE | 20.43% |
| Debt / Equity | 2.33% |
| RoNW | 38.71% |
| PAT Margin | 3.89% |
| Price to Book Value | 5.58 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.09 | 5.41 |
| P/E (x) | 26.92 | 20.33 |
| Promoter Holding | 95.98% | 70.52% |
| Market Cap | ₹262.00 Cr. | |
