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 (₹ 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 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 |
| 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 |
| 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% |
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 |
| 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 |
|
|
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
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 is a SME IPO of 1,365,000 equity shares of the face value of ₹10 aggregating up to ₹4.91 Crores.
The issue price of the IPO is ₹36 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
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.
The RO Jewels IPO opens on Mar 12, 2020 and closes on Mar 17, 2020.
RO Jewels IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
RO Jewels IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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