Utssav Cz IPO Allotment Status

Utsav Cz Gold Jewels IPO Allotment Status

The Utssav Cz Gold Jewels IPO concluded on 2nd August 2024 with an impressive overall subscription rate of 47.56 times. The company's shares are expected to be listed on the NSE SME platform on 7th August 2024. By the end of the subscription period, the IPO had received bids for 19,97,52,000 shares, significantly surpassing the 42,00,000 shares on offer.

The Utsav Cz Gold Jewels IPO garnered substantial interest across various investor categories. Non-institutional investors (NII) led the charge with a subscription rate of 64.46 times, followed closely by retail investors at 46.68 times. Qualified Institutional Buyers (QIB) also showed strong interest, subscribing 36.43 times the shares allocated to their category. Both anchor investors and market makers fully subscribed to their respective portions, each with a subscription rate of 1 time.

Investors who have applied for the Utssav Cz Gold Jewels IPO can check their allotment status through the official website of the registrar, Bigshare Services Pvt Ltd, or through the NSE website. 

Utsav Cz IPO Allotment Date - 05 August 2024

How to check Utssav Cz IPO Allotment Status on Bigshare Services

Here's a step-by-step guide to checking the allotment status:

Visit the Bigshare Services website: https://www.bigshareonline.com/ipo_allotment.html

Select "Utssav Cz Gold Jewels " from the company dropdown menu.

Enter your PAN number, application number, or DP Client ID.

Click on the "Search" button to view your allotment status.

Download or print the allotment status for your records.

How to check Utssav Cz IPO Allotment Status on the NSE website

Go to the official NSE website: https://www.nseindia.com/

Navigate to the "Equities" section and select "IPO" from the dropdown menu.

Click on the "Check Application Status" option.

Choose "Utssav Cz Gold Jewels Limited" from the Issue Name dropdown.

Enter your PAN number and application number.

Complete the captcha verification.

Click on "Search" to view your allotment status.

Download or print the allotment status for your records.

Utssav Cz Gold Jewels IPO Timeline

IPO Open Date: Wednesday, 31st July 2024

IPO Close Date: Friday, 2nd August 2024

Basis of Allotment Wednesday, 7th August 2024

Initiation of Refunds: Thursday, 8th August 2024

Credit of Shares to Demat: Thursday, 8th August 2024

Listing Date: Friday, 9th August 2024

Investors who received company shares will have their demat accounts credited on 8th August 2024. The refund procedure will begin on Thursday as soon as the allotment is finalised.

Utssav Cz Gold Jewels IPO Subscription Status

Subscription Day 3
Total Subscription: 47.56 times
Institutional Investors (QIBs): 36.43 times
Non-Institutional Investors (HNIs): 64.46 times
Retail Investors: 46.68 times

Subscription Day 2
Total Subscription: 8.38 times
Institutional Investors (QIBs): 0.00 times
Non-Institutional Investors (HNIs): 9.05 times
Retail Investors: 12.87 times

Subscription Day 1
Total Subscription: 1.81 times
Institutional Investors (QIBs): 0.00 times
Non-Institutional Investors (HNIs): 1.15 times
Retail Investors: 3.12 times

About Utssav Cz Gold Jewels IPO

The Utssav Cz Gold Jewels IPO is a book-built issue with a total size of ₹46.20 crores, featuring a fresh issue of 42,00,000 shares. The IPO was open for subscription from 31st July 2024 and closed on 2nd August 2024. The allotment is anticipated to be finalised on 6th August 2024, with the listing scheduled on the NSE SME platform on 7th August 2024. The price band for the IPO is set between ₹104 and ₹110 per share, with a minimum lot size of 1,200 shares, requiring a minimum investment of ₹132,000 for retail investors. For High Net-worth Investors (HNIs), the minimum lot size is 2 lots (2,400 shares), amounting to ₹264,000.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the book-running lead managers are not specified in the available information. The IPO will use the proceeds primarily to support the company's working capital needs and cover general corporate expenses.

Established in November 2007, Utssav Cz Gold Jewels Limited is a prominent designer, manufacturer, wholesaler, and exporter of 18K, 20K, and 22K CZ gold jewellery. Their product range includes rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The company operates a state-of-the-art facility in Mumbai, spanning 8,275 square feet, with an annual production capacity of 1,500 kg.

Utssav Cz Gold Jewels cater to customers across 17 Indian states, 2 union territories, and 2 countries abroad, offering a variety of lightweight, traditional, and contemporary jewellery designs. For the fiscal year 2023, the sales mix was predominantly 18K gold jewellery (73.27%) and 22K gold jewellery (24.94%). These proportions were consistent for the ten months ending 31st January 2024.