Utssav Cz Gold Jewels Limited IPO
Utssav Cz Gold Jewels Limited IPO
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Utssav Cz Gold Jewels Limited's has transitioned to a publicly listed entity following its IPO debut on 07-08-2024 at the NSE exchange. The public offering successfully raised 63,18,000 Shares, consisting of 63,18,000 Sharesin new capital.
The IPO featured a competitive price range of ₹104 to ₹110 and minimum application size of 1200 shares. Market reception was evidenced through subscription activity between 31-07-2024 and 02-08-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 05-08-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Utssav Cz IPO About Company
Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18K, 20K, and 22K CZ gold jewellery, offering a wide range of rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Operating from an 8,275 sq. ft. manufacturing facility in Andheri East, Mumbai, the company has an annual production capacity of 1,500 kg. It serves customers across 17 states, 2 union territories, and 2 international markets, specializing in lightweight CZ gold and rose gold jewellery for daily and fashion wear, blending traditional and contemporary styles. In FY 2023, 18K and 22K jewellery contributed 73.27% and 24.94% of sales, and for the ten months ending January 31, 2024, these segments accounted for 74.22% and 24.67%, respectively. Supported by a team of 15 CAD designers creating around 400 new designs every month, the company consistently maintains its competitive position in the jewellery market.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Utssav Cz IPO Strength Factors
- Wide Jewellery Collection: The company offers a variety of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold, perfect for both daily wear and fashion needs. The designs blend traditional and modern styles to suit different tastes.
- Skilled Team: A talented team of artisans and professionals ensures top-quality craftsmanship. With 15 CAD designers creating around 400 new designs every month, the company stays ahead with fresh and innovative jewellery pieces.
- Trusted Client Partnerships: The company has built strong, long-term relationships with well-known jewellery brands like D.P. Abhushan Limited and Kalamandir Jewellers Limited, consistently delivering high-quality products and earning customer trust.
Utssav Cz IPO Risk Factors
- Client Concentration: The company relies heavily on a few key clients for a large part of its revenue. Losing any major client could hurt the business, finances, and overall performance.
- Litigation Risks: The company is involved in ongoing legal cases, which could affect its reputation, business, and financial health if the outcomes are unfavorable.
- Operational Dependence: The company's operations depend on its manufacturing plant. Any unexpected shutdown, slowdown, or disruption at the plant could significantly impact its business and finances.
- Established Client Relationships: The company has built long-term partnerships with well-known jewellery brands like D.P. Abhushan Limited and Kalamandir Jewellers Limited, consistently delivering quality products and earning customer trust.
Utssav Cz IPO Lead Manager(s)
- Choice Capital Advisors Private Limited
Utssav Cz IPO Promoter(s)
- Mr. Pankajkumar H. Jagawat
- Mr. Shashank Bhawarlal Jagawat
- Mr. Rakesh ShantiLal Jagawat
Utssav Cz IPO FAQs
Utssav Cz Gold Jewels Limited IPO subscribed 47.65 times. The public issue subscribed 46.71 times in the retail category,36.43times in QIB, and -- times in the HNI (10+) category byNovember 21, 2025 8:50:52 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Utssav Cz IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Utssav Cz IPO FAQs
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