Incorporated in 2017, Gujarat based U. H. Zaveri Private Limited is a gem & jewelry company. The business operations are divided into two divisions. One division is into wholesale and retail of jewelry and the second division is into trading of jewelry. The company mainly sells gold jewelry and marginal percentage of its revenue is earned through silver jewelry and other kinds of jewelry and utensils.
U. H. Zaveri does not manufacture its own jewelry and hence, the making is outsourced. However, the jewelry is either designed in-house or through 3-D jewelry designer or by third-party designers or they purchase ready to sell jewelry directly from manufacturers. The company has a showroom in Nikol Road, Ahmedabad. It has 6 employees on its payroll.
The Promoters of the Company are Mr. Hitesh M. Shah, Mrs. Sunitaben H. Shah, and Mr. Mahendrakumar H. Shah.
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||74.68|
The Objects of the Issue are-
1. To meet the working capital requirement, and
2. To meet the expenses of the Issue
|Issue Open||May 8, 2018 - May 14, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,220,000 Eq Shares of Rs 10 |
(aggregating up to Rs 7.99 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 36 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 14, 2018 17:00
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