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Utssav CZ Gold Jewels Ltd IPO
Utssav CZ Gold Jewels Ltd
₹1,24,800 /1200 sharesMinimum investment
IPO details
Minimum investment
₹1,24,800
Price range
₹104 - ₹110
Lot size
1,200
Issue size
69.50 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
31 Jul 2024
IPO open date
2 Aug 2024
IPO close date
5 Aug 2024
Allotment date
5 Aug 2024
Funds unblock or debit
7 Aug 2024
Tentative listing date
About
Founded in
2007
MD/CEO
Mr. Pankajkumar H Jagawat
Parent organisation
Utssav CZ Gold Jewels Ltd
Utssav CZ Gold Jewels Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company has shown a consistent rise in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 120.23 crore in FY22 to Rs 123.30 crore in FY23 to Rs 238.19 crore in FY24, while PAT rose from Rs 1.62 crore in FY22 to Rs 3.34 crore in FY23 to Rs 7.15 crore in FY24.
Utssav Cz Gold Jewels serves their clientele by providing a range of Cubic Zirconia (CZ) gold jewellery options, from high-end to affordable pieces, all certified by the Bureau of Indian Standards (BIS) for quality assurance.
The company is supported by a creative team of 15 CAD designers who collectively produce approximately 400 new jewellery designs each month, ensuring the product offerings are innovative and aligned with current market trends and consumer preferences.
Utssav Cz Gold Jewels has established and maintained business relationships with notable jewellery retailers such as D.P. Abhushan Limited and Kalamandir Jewellers Limited, among others.
The top 10 clients of Utssav Cz Gold Jewels accounted for 55.58%, 53.28%, 53.53%, and 61.75% of total revenue from operations as of January 31, 2024, and the fiscal years ending March 31, 2023, 2022, and 2021, respectively. This heavy dependence means that any loss or slowdown in orders from any of these key clients could negatively impact the company’s financial strength.
The company’s line of business faces risks from market volatility and changing consumer preferences. Fluctuations in the price of gold could impact its costs and profitability.
The company has outstanding litigation worth a total of Rs 3.64 crore. Any unfavourable judgment in any of these cases could harm the operational strength of Utssav Cz Gold Jewels.
As of March 31, 2024, Utssav Cz Gold Jewels reported total debts comprising both short-term and long-term borrowings, amounting to Rs 69.83 crore. Any inability to service or repay these debts on time could be detrimental to the company’s operations.
Application details
For Utssav CZ Gold Jewels IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹104 - ₹110 | ₹2 - ₹5 Lakhs | 1200 |
| High Networth Individual | ₹104 - ₹110 | ₹2 - ₹5 Lakhs | 1200 |