
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
Overall Subscription
47.65x
Total Demand
QIB Multiplier
36.43x
Institutions & Funds
NII / HNI
64.82x
High Net-Worth
Retail (RII)
46.71x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,200,000 | 43,718,400 | 36.43x |
| NIB | 900,000 | 58,340,400 | 64.82x |
| RETAIL | 2,100,000 | 98,090,400 | 46.71x |
| Total | 4,200,000 | 200,149,200 | 47.65x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,843 | 86,087 | 46.71x |
| HNIs (10L +) | 12 | 778 | 64.82x |
| HNIs (2-10L) | 56 | 3,630 | 64.82x |
| Total Applications | 1,911 | 90,495 | 47.35x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Utssav Cz Gold Jewels Limited IPO is ₹10 per equity share. Based on the upper price band of ₹104 to ₹110 per equity share, the estimated listing price is ₹120 (+9.1% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹10, the expected profit per application lot is approx ₹12,000 (+9.1% gain). Minimum application cost is approx ₹1,32,000.
The Utssav Cz Gold Jewels Limited IPO aggregate issue size is ₹69.5 Crores with an equity price band set at ₹104 to ₹110 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,32,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 47.65x (Retail: 46.71x, QIB: 36.43x, NII: 64.82x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-08-05. Investors can verify status using PAN card or application number.
Utssav Cz Gold Jewels Limited shares are scheduled to list on NSE on 2024-08-07.