
Consumer Discretionary / Luxury Goods · NSE
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.
Price Band
₹104 – ₹110
Issue Size
₹69.50 Cr
Lot Size
1200 shares
GMP
+9.1%
Est. Listing
₹120
at current GMP
Subscribed
47.65x
overall
Open
31 Jul 2024
Close
2 Aug 2024
Allotment
5 Aug 2024
Refund
6 Aug 2024
Demat Credit
7 Aug 2024
Listing
7 Aug 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹110
Band: ₹104 – ₹110
Estimated Listing Price
₹120
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,32,000
Estimated Profit / Lot
₹12,000
1200 × ₹10
Grey Market Premium trend
+₹10
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹10 | 9.1% | ₹120 |
| 30 Oct 2026 | +₹10 | 9.1% | ₹120 |
| 29 Oct 2026 | +₹9 | 8.2% | ₹119 |
GMP is unofficial market data. Not a guarantee of listing performance.
Utssav Cz Gold Jewels Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Luxury Goods sector with an aggregate issue size of ₹69.5 Crores. The shares are offered at a price band of ₹104 to ₹110 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-08-02, the basis of allotment is scheduled to be finalized on 2024-08-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest grey market premium for Utssav Cz Gold Jewels Limited IPO is ₹10, which indicates an expected listing price of ₹120.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.