Utssav Cz Gold Jewels IPO Subscription Status

Utssav Cz Gold Jewels IPO - Day 3 Subscription at 47.56 Times

The Utssav Cz Gold Jewels IPO closed on August 2, 2024. Shares of Utssav Cz Gold Jewels are likely to be listed on August 7 on the NSE SME platform. As of August 2, 2024, Utssav Cz Gold Jewels IPO received bids for 19,97,52,000 shares, significantly more than the 42,00,000 shares available. This means that the Utssav Cz Gold Jewels IPO was oversubscribed by 47.56 times by the end of Day 3.

Here are the subscription details for Utssav Cz Gold Jewels IPO as of Day 3 (2 August 2024 at 5:21 PM):

Utssav Cz Gold Jewels IPO subscription was mainly driven by HNI / NII investors on day 3, followed by retail investors, then Qualified Institutional Buyers (QIBs) on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include anchor portion or market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Utssav Cz Gold Jewels IPO for Days 1, 2, and 3

On day 1, Utssav Cz Gold Jewels IPO was subscribed 1.83 times. By day 2, the subscription status had risen to 8.43 times and on day 3, it reached 47.56 times.

Here are the subscription details for Utssav Cz Gold Jewels IPO by category as of Day 3:

Data Source: NSE

Utssav Cz Gold Jewels IPO  received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed 36.43 on day 3. HNIs / NIIs portion subscribed 64.46 times, while Retail Investors subscribed 46.68 times. Overall, Utssav Cz Gold JewelsIPO was subscribed 47.56 times on Day 3.

Utssav Cz Gold Jewels IPO Subscription - Day-2 Subscription at 8.38 times

Utssav Cz Gold Jewels IPO will close on 2 Aug. Shares of Utssav Cz Gold Jewels are likely to be listed on 7 August on NSE SME platform. As of 1 Aug 2024, Utssav Cz Gold Jewels IPO received bids for 3,51,75,600 shares much more than the 42,00,000 shares available. It means Utssav Cz Gold Jewels IPO was oversubscribed 8.38 times by the end of the day 2

Here are the subscription details for Utssav Cz Gold Jewels IPO as of Day 2 (1 August 2024 at 5:39 pm): 

Utssav Cz Gold Jewels IPO subscription was mainly driven by retail investors on day 2, followed by High NetWorth Individuals and NIIs, Qualified Institutional Buyers (QIBs) did not show interest on day 2 also. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Utssav Cz Gold Jewels IPO by category as of Day 2:

Data Source: NSE

On day 1, Utssav Cz Gold Jewels IPO was subscribed 1.81 times. By day 2, the subscription status had risen to 8.38 times. Qualified Institutional Buyers (QIBs) did not participate on day 2 also. HNIs / NIIs portion subscribed 9.05 times, while Retail Investors subscribed 12.87 times. Overall, Utssav Cz Gold JewelsIPO was subscribed 8.38 times on Day 2.

Utssav Cz Gold Jewels IPO - Day 1 Subscription at 1.81 Times

Utssav Cz Gold Jewels IPO will close on August 2, 2024. Shares of Utssav Cz Gold Jewels are likely to be listed on August 7 on the NSE SME platform. On July 31, 2024, Utssav Cz Gold Jewels IPO received bids for 75,93,600 shares, significantly exceeding the 42,00,000 shares available. This means the IPO was oversubscribed by 1.81 times by the end of Day 1.

Here are the subscription details for Utssav Cz Gold Jewels IPO as of Day 1 (31st July 2024 at 5:50 pm):

Utssav Cz Gold Jewels IPO subscription was mainly driven by retail investors on Day 1, followed by High Net Worth Individuals and Non-Institutional Investors (NIIs). Qualified Institutional Buyers (QIBs) did not show interest on Day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO. QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Utssav Cz Gold Jewels IPO by category as of Day 1:

Data Source: NSE

On Day 1, Utssav Cz Gold Jewels IPO was subscribed 1.81 times. Qualified Institutional Buyers (QIBs) did not participate on Day 1. The HNIs / NIIs portion was subscribed 1.15 times, while Retail Investors subscribed 3.12 times. Overall, Utssav Cz Gold Jewels IPO was subscribed 1.81 times on Day 1.

About Utssav Cz Gold Jewels

Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18K, 20K, and 22K CZ gold jewelry, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The company's Mumbai facility covers 8,275 square feet with an annual production capacity of 1,500 kg. Serving customers in 17 Indian states, 2 union territories, and 2 countries abroad, the company offers a variety of lightweight, traditional, and contemporary designs. In FY 2023, 18K and 22K gold jewelry made up 73.27% and 24.94% of sales, respectively, and 74.22% and 24.67% for the ten months ending January 31, 2024.

Highlights of Utssav Cz Gold Jewels IPO

IPO Dates: 31 July - 2 August

IPO Price Band: ₹104 to ₹110 per share

Minimum Application Lot Size: 1200 shares

Minimum Investment for Retail Investors: ₹132,000

Minimum Investment for High Net-worth Investors (HNI): 2 lots (2400 shares), ₹264,000

Registrar: Bigshare Services Pvt Ltd

Utssav Cz Gold Jewels will utilize the net proceeds to support the company's working capital needs and cover general corporate expenses.