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RO Jewels Ltd IPO (RO Jewels IPO) Detail

March 12, 2020 - March 17, 2020

RO Jewels IPO is a fixed price issue of Rs 4.91 crores.

RO Jewels IPO bidding started from March 12, 2020 and ended on March 17, 2020. The allotment for RO Jewels IPO was finalized on Friday, March 20, 2020. The shares got listed on BSE SME on March 25, 2020.

RO Jewels IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

First Overseas Capital Limited is the book running lead manager of the RO Jewels IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to RO Jewels IPO RHP for detailed information.

RO Jewels IPO Details

IPO Date March 12, 2020 to March 17, 2020
Listing Date March 25, 2020
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Total Issue Size1,365,000 shares
(aggregating up to ₹4.91 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion69,000 shares

RO Jewels IPO Reservation

RO Jewels IPO offers 1,365,000 shares. 648,000 (47.47%) to NII, 648,000 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered69,000 (5.05%)
Other Shares Offered648,000 (47.47%)
Retail Shares Offered648,000 (47.47%)
Total Shares Offered1,365,000 (100%)

RO Jewels IPO Timeline (Tentative Schedule)

RO Jewels IPO opens on March 12, 2020, and closes on March 17, 2020.

IPO Open Date Thursday, March 12, 2020
IPO Close Date Tuesday, March 17, 2020
Basis of Allotment Friday, March 20, 2020
Initiation of Refunds Monday, March 23, 2020
Credit of Shares to Demat Tuesday, March 24, 2020
Listing Date Wednesday, March 25, 2020
Cut-off time for UPI mandate confirmation 5 PM on March 17, 2020

RO Jewels IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
Lot Size Calculator

RO Jewels IPO Promoter Holding

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

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

About RO Jewels Ltd

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 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

Key Performance Indicator

The market capitalization of RO Jewels IPO is Rs 10.2 Cr.

Pre IPO Post IPO
P/E (x) 34

Objects of the Issue (RO Jewels IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 March 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)
Other1.95
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 Details

Listing Date March 25, 2020
BSE Script Code 543171
NSE Symbol
ISIN INE0BDU01010
Final Issue Price ₹36 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹36.00
₹36.00
₹36.00
₹36.00

Check IPO Performance…

RO Jewels Ltd Contact Details

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 Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

RO Jewels IPO - Buy or Not

RO Jewels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 share. The minimum order quantity is 3000 Shares.

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

Kfin Technologies 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 March 12, 2020 and closes on March 17, 2020.

RO Jewels IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for RO Jewels IPO will be done on Friday, March 20, 2020, and the allotted shares will be credited to your demat account by Tuesday, March 24, 2020. Check the RO Jewels IPO allotment status.

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

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11 Comments

7. Viraj. |   Link |  Bookmark |March 13, 2020 9:01:45 AM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Market mood of not a good so avoid all type of ipo,sme ipo
6. Jobanputra Kalpeshkumar Vinodkumar |   Link |  Bookmark |March 11, 2020 5:31:40 PM
100 rs buyer ton gmp
6.3. traderji |   Link |  Bookmark |March 12, 2020 6:11:21 PM
Record Break
Itihas ka pehla IPO jisme pehle din 0% application.
6.4. Small Investor |   Link |  Bookmark |March 12, 2020 6:13:21 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
लालची प्रोमोटर्स एंड लीड मैनेजर्स की लिए अच्छा सबक हे
5. Small Investor |   Link |  Bookmark |March 12, 2020 5:58:05 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dear Admin
Pls Correct Share Qty for Subscriptions for NII + RII =Total in Above Subscriptions Table
69000+69000 is wrong
4. Vivek SP |   Link |  Bookmark |March 9, 2020 4:56:28 PM
PAT se jyada to company ke employee's kamate hoge...
3. Ratgali |   Link |  Bookmark |March 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 |   Link |  Bookmark |March 7, 2020 10:40:08 PM
As my opinion, total bakvas IPO. Must not apply.
1. Baskaran |   Link |  Bookmark |March 6, 2020 7:59:15 PM
Avoid