Incorporated in 2017, Gujarat based U. H. Zaveri Private Limited is a gem & jewelry company. The business operations are divided into two divisions. One division is into wholesale and retail of jewelry and the second division is into trading of jewelry. The company mainly sells gold jewelry and marginal percentage of its revenue is earned through silver jewelry and other kinds of jewelry and utensils.
U. H. Zaveri does not manufacture its own jewelry and hence, the making is outsourced. However, the jewelry is either designed in-house or through 3-D jewelry designer or by third-party designers or they purchase ready to sell jewelry directly from manufacturers. The company has a showroom in Nikol Road, Ahmedabad. It has 6 employees on its payroll.
The Promoters of the Company are Mr. Hitesh M. Shah, Mrs. Sunitaben H. Shah, and Mr. Mahendrakumar H. Shah.
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||74.68|
The Objects of the Issue are-
1. To meet the working capital requirement, and
2. To meet the expenses of the Issue
»» Issue Open: May 8, 2018 - May 14, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,220,000 Equity Shares of Rs 10 aggregating up to Rs 7.99 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 36 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: BSE SME
U H Zaveri IPO Subscription Status tells if U H Zaveri IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. U H Zaveri IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,053,000||1,053,000||114,000||2,220,000|
|Day 1 - May 8, 2018 17:00 IST||0||114,000||1,137,000||-||1,251,000|
|Day 2 - May 9, 2018 17:00 IST||0||1,167,000||1,713,000||-||2,880,000|
|Day 3 - May 10, 2018 17:00 IST||0||1,200,000||1,803,000||-||3,003,000|
|Day 4 - May 14, 2018 17:00 IST||0||1,995,000||3,963,000||-||5,958,000|
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