RO Jewels IPO is about to debut on 12 March 2020, with an issue size of 4.91CR. 2018 saw the incorporation of RO Jewelry, which deals in wholesale chains made of silver and gold. The company is situated in Ahmedabad and sells necklaces, bars, bracelets, and chains made of gold and silver. RO Jewels purchased M/s Ravi Ornaments on December 18, 2019.
The company buys readymade jewelry from independent wholesalers and manufacturers across Mumbai and Ahmedabad. It has a showroom at Manek Chowk, Ahmedabad to sell the products. Apart from this, the company also sells products to other jewelry stores through B2B marketing strategy.
INDUSTRY OVERVIEW
With a contribution of roughly 7% to the GDP and 15% to all of India’s exports of goods, the gems and jewelry industry is important to the Indian economy. Also, it has about 4.64 million employees and is anticipated to have 8.23 million by 2022. It is one of the industries with the quickest growth rates, and it is very labor- and export-intensive.
RO Jewels IPO Details
| IPO Date | Mar 12, 2020 to Mar 17, 2020 |
| Listing Date | Wednesday, March 25, 2020 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Issue Size | 1,365,000 shares of ₹10(aggregating up to ₹4.91 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 34 |
| Market Cap (₹ Cr.) | 10.2 |
RO Jewels IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 12, 2020 |
| Closing Date | Mar 17, 2020 |
| Basis of Allotment | Mar 20, 2020 |
| Initiation of Refunds | Mar 23, 2020 |
| Credit of Shares to Demat | Mar 24, 2020 |
| Listing Date | Mar 25, 2020 |
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 580.25 | 179.06 | 230.49 | 156.13 | |
| Total Revenue | 1,047.22 | 424.34 | 975.70 | 574.40 | |
| Profit After Tax | 15.05 | 1.49 | 6.85 | 5.87 |
Objects of the Issue
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) Additional Working Capital;
2) General Corporate Expenses and
3) To meet the expenses of the Issue
RO Jewels IPO Prospectus
Company Contact Information
RO Jewels Ltd
202, Shri Virkala Complex,
M.G. Haveli R, Manekchowk Co. Op Bank,
Manekchowk, Ahmedabad, Gujarat, India, 380001
Phone: +91 79 22144429/ 22153329
Email: compliancerojewels@gmail.com
Website: http://www.rojewels.in/
RO Jewels IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
RO Jewels IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
