Utssav Cz Gold Jewels IPO is set to be launched with a book-built IPO valued at Rs 69.50 crores, consisting entirely of a fresh issue of 63.18 lakh shares.
The subscription period for the Utssav Cz Gold Jewels IPO opens on July 31, 2024, and closes on August 2, 2024. The allotment is expected to be finalized on Monday, August 5, 2024, with the IPO listing on the NSE SME tentatively scheduled for Wednesday, August 7, 2024.
Utssav Cz Gold Jewels Limited operates in the jewelry sector, specializing in designing, manufacturing, wholesaling, and exporting exquisite CZ studded 18K yellow and rose gold jewelry.
The price band for the Dhariwalcorp IPO is set between ₹102 and ₹106 per share. Investors must apply for a minimum lot size of 1200 shares, requiring a minimum investment of ₹127,200 for retail investors. High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots, totaling 2,400 shares, amounting to ₹254,400.
Shreni Shares Limited is the book-running lead manager for the Dhariwalcorp IPO, with Bigshare Services Pvt Ltd serving as the registrar. Shreni Shares also acts as the market maker for the IPO.
Utssav Cz Gold Jewels IPO Details:
| Company Name | Utssav Cz Gold Jewels Limited |
| Sector | Jewellery |
| IPO Type | SME |
| IPO Open date | 31st July 2024 |
| IPO Close date | 02nd Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Utssav Cz Gold Jewels IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,32,000 |
| HNI (Min) | 2 | 2400 | 2,64,000 |
Utssav Cz Gold Jewels IPO Timeline:
| IPO Open Date | 31st Jul 2024 |
| IPO Close Date | 02nd Aug 2024 |
| Basis of Allotment | 05th Aug 2024 |
| Refund Initiation Date | 06th Aug 2024 |
| Shares Credit to Demat | 06th Aug 2024 |
| Listing Date | 07th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Utssav Cz Gold Jewels’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Jewellery Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Utssav Cz Gold Jewels and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
