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Utssav CZ Gold Jewels IPO
Utssav CZ Gold Jewels Ltd
₹1,24,800 /1200 sharesMinimum Investment
Utssav CZ Gold Jewels IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 31 Jul ‘24 - 2 Aug ‘24 | ₹1,24,800 | 1,200 | ₹104 - ₹110 |
| Issue Size | IPO Doc |
|---|---|
| 69.50Cr | RHP PDF |
About Utssav CZ Gold Jewels
Founded in
2007
Managing director
Mr. Pankajkumar H Jagawat
Parent organisation
Utssav CZ Gold Jewels Ltd
Strengths & Financials of Utssav CZ Gold Jewels
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.
Utssav CZ Gold Jewels Financials
*All values are in Rs. Cr
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Application Details of Utssav CZ Gold Jewels IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹104 - 110 | ₹2 - 5 Lakh |
| High Networth Individual | ₹104 - 110 | ₹2 - 5 Lakh |
For Utssav CZ Gold Jewels IPO, eligible investors can apply as Regular.