RO Jewels Ltd IPO (RO Jewels IPO) Detail

Mar 12, 2020 - Mar 17, 2020

Incorporated in 2018, RO Jewels is engaged in the wholesale business of Silver and Gold chains. It is an Ahmedabad based business to sell gold/silver necklaces, bars, bracelets, and chains. RO Jewels acquired M/s Ravi Ornaments dated 18th Dec 2019.

The company purchases the readymade jewelry from the 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.

The Jewelry portfolio of the company includes Indo-western, traditional, and modern jewelry. All the jewelry offered by RO Jewels has BIS Hallmark (widely accepted mark of purity of gold).

Competitive Strength

1. Established brand name in the local market
2. The long term strong business relationships

Company Promoters:

Mr. Bharat Rasiklal Shah, Mrs. Pravinaben Shah and Mr. Shubham Bharatbhai Shah are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (₹ 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 Details

IPO Date	Mar 12, 2020 - Mar 17, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	1,365,000 Eq Shares of ₹10 (aggregating up to ₹4.91 Cr)
Face Value	₹10 per equity share
IPO Price	₹36 per equity share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	BSE SME
P/E (x)	34
Market Cap (₹ Cr.)	10.2

RO Jewels IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 12, 2020
Bid/Offer Closes On	Mar 17, 2020
Finalisation of Basis of Allotment	Mar 20, 2020
Initiation of Refunds	Mar 23, 2020
Credit of Shares to Demat Acct	Mar 24, 2020
IPO Shares Listing Date	Mar 25, 2020

RO Jewels IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	3000	₹108,000
Maximum	1	3000	₹108,000

RO Jewels IPO Promoter Holding

Pre Issue Share Holding	87.38%
Post Issue Share Holding	45.26%

RO Jewels IPO Subscription Status (Bidding Detail)

RO Jewels IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	648,000	648,000	1,296,000
Mar 17, 2020 18:49	1.95x	0.43x	1.19x

RO Jewels IPO Prospectus

› RO Jewels IPO DRHP
› RO Jewels IPO RHP

RO Jewels IPO Rating

2.4

Rating:

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RO Jewels IPO Listing Date

Listing Date	Wednesday, March 25, 2020
BSE Script Code	543171
NSE Symbol
Listing In	MT
ISIN	INE0BDU01010
IPO Price	₹36 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹36.00
₹36.00
₹36.00
₹36.00
₹36.00
96,000

RO Jewels IPO Reviews / Ratings

Dilip Davda - Avoid

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 Private Limited
   Selenium, Tower B, Plot No. 31 & 32
   Financial District, Nanakramguda, Serilingampally,
   Hyderabad 500 032, Rangareddi Telangana, India

Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com

RO Jewels IPO Lead Manager(s)

First Overseas Capital Limited

Lead Manager Reports

RO Jewels IPO FAQs

What is RO Jewels IPO?

RO Jewels IPO is a SME IPO of 1,365,000 equity shares of the face value of ₹10 aggregating up to ₹4.91 Crores. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Mar 12, 2020, and closes on Mar 17, 2020.

KFin Technologies Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
How to apply in RO Jewels IPO through Zerodha?
Zerodha customers can apply online in RO Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in RO Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RO Jewels IPO through Zerodha
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the 'RO Jewels IPO' row and click the 'Bid' button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When RO Jewels IPO will open?

The RO Jewels IPO opens on Mar 12, 2020 and closes on Mar 17, 2020.
What is the lot size of RO Jewels IPO?

RO Jewels IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
How to apply for RO Jewels IPO?

You can apply in RO Jewels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When RO Jewels IPO allotment?

The finalization of Basis of Allotment for RO Jewels IPO will be done on Mar 20, 2020, and the allotted shares will be credited to your demat account by Mar 24, 2020. Check the RO Jewels IPO allotment status.
When is RO Jewels IPO listing date?

The RO Jewels IPO listing date is on Wednesday, March 25, 2020.

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