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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
Mr. Bharat Rasiklal Shah, Mrs. Pravinaben Shah and Mr. Shubham Bharatbhai Shah are the promoters of the company.
| 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 | |
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
| IPO Opening Date | Mar 12, 2020 |
| IPO Closing Date | Mar 17, 2020 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| Issue Size | 1,365,000 Eq Shares of ₹10 (aggregating up to ₹4.91 Cr) |
| P/E (x) | 34 |
| Market Cap (₹ Cr.) | 10.2 |
The RO Jewels IPO open date is Mar 12, 2020, and the close date is Mar 17, 2020. The issue may list on Mar 25, 2020.
| IPO Open Date | Mar 12, 2020 |
| IPO Close Date | Mar 17, 2020 |
| Basis of Allotment Date | Mar 20, 2020 |
| Initiation of Refunds | Mar 23, 2020 |
| Credit of Shares to Demat Account | Mar 24, 2020 |
| IPO Listing Date | Mar 25, 2020 |
The RO Jewels IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
| Pre Issue Share Holding | 87.38% |
| Post Issue Share Holding | 45.26% |
ROJL's financial performance is showing inconsistency. It has only one showroom with just 9 employees (including 2 directors and 1 company secretary) as on filing of offer documents. On the basis of supper earnings for H1 FY20, the issue appears fully priced. Company's bankers are trouble ridden Yes Bank Ltd. LM has a poor track record with similar issues in the past. Simply stay away from this IPO. Read detail review...
The RO Jewels IPO is subscribed 1.19 times on 3/17/2020 6:49:23 PM. The public issue subscribed 0.43 times in the retail category, times in the QIB category, and 1.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.95 |
| Retail | 0.43 |
| Total | 1.19 |
| Listing Date | Wednesday, March 25, 2020 |
| BSE Script Code | 543171 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0BDU01010 |
| IPO Price | ₹36 per equity share |
| Face Value | ₹10 per equity share |
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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/
KFin Technologies Private Limited
Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com
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.
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
Visit Zerodha IPO Application Process Review for more detail.
The RO Jewels IPO opens on Mar 12, 2020 and closes on Mar 17, 2020.
RO Jewels IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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.
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.
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