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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 (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 Details

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 Size1,365,000 Eq Shares of ₹10
(aggregating up to ₹4.91 Cr)
P/E (x)34
Market Cap (₹ Cr.)10.2

RO Jewels IPO Tentative Timetable

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

RO Jewels IPO Lot Size

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

RO Jewels IPO Promoter Holding

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

RO Jewels IPO Review

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...

RO Jewels IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.95
Retail0.43
Total1.19

RO Jewels IPO Prospectus

RO Jewels IPO Rating

42
2.4
Rating:Rated 2.4 stars
Vote Here ...

RO Jewels IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹36.00
₹36.00
₹36.00
₹36.00

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

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

RO Jewels IPO Reviews / Ratings

RO Jewels IPO FAQs

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

  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.

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.

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

RO Jewels IPO Message Board

Ranked Members  Ranked Members

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11 Comments

7. Viraj. |Mar 13, 2020 9:01:45 AM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Market mood of not a good so avoid all type of ipo,sme ipo
6. Jobanputra Kalpeshkumar Vinodkumar |Mar 11, 2020 5:31:40 PM
100 rs buyer ton gmp
6.3. traderji |Mar 12, 2020 6:11:21 PM
Record Break
Itihas ka pehla IPO jisme pehle din 0% application.
6.4. Small Investor |Mar 12, 2020 6:13:21 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
लालची प्रोमोटर्स एंड लीड मैनेजर्स की लिए अच्छा सबक हे
5. Small Investor |Mar 12, 2020 5:58:05 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Dear Admin
Pls Correct Share Qty for Subscriptions for NII + RII =Total in Above Subscriptions Table
69000+69000 is wrong
4. Vivek SP |Mar 9, 2020 4:56:28 PM
PAT se jyada to company ke employee's kamate hoge...
3. Ratgali |Mar 8, 2020 11:01:40 AM
Kaha se ate h a log ....???????? Kuch b kaam karte h IPO le k aa jate h......
Totally bakwas
2. ADITYA DABHI |Mar 7, 2020 10:40:08 PM
As my opinion, total bakvas IPO. Must not apply.
1. Baskaran |Mar 6, 2020 7:59:15 PM
Avoid