In the list of upcoming IPO 2020, RO Jewels Ltd is planning to launch IPO of 4.91cr. RO Jewels IPO will open on 12 March 2020. Engaged in the wholesale business of Silver and Gold chains, RO Jewels was incorporated in the year 2018. The company that is located in Ahmedabad sells gold/silver necklaces, bracelets, bars, and chains. RO Jewels had acquired M/s Ravi Ornaments dated 18th Dec 2019.
It purchases 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 RO Jewels also
sells products to other jewelry stores through B2B marketing strategy.
The Portfolio of Jewelry
All the jewelry sold has a BSI
hallmark, which is a widely accepted mark to check the purity of gold.
Following are the promoters of
Mr. Bharat Rasiklal Shah
Mr. Shubham Bharatbhai Shah
Mrs. Pravinaben Shah
Strengths of the Company
RO Jewels has following
Established brand name in the local market
It has long term strong business relationships
Objectives of the RO Jewels IPO Issue
Following are the objectives
for which the net proceeds from the issue will be utilized by the company:
For meeting additional working capital requirements
For meeting general corporate expenses
For meeting the expenses of the Issue
Jewels Financial Summary
Below is the financial summary
of RO Jewels
For the year/period
ended (in Lakhs)
Profit After Tax
RO Jewels IPO Details
Date of IPO Issue
Mar.2020- 17th Mar.2020
Type of Issue
Price Issue IPO
Size of Issue
equity shares or Rs.10 (aggregating up to Rs.4.91 Cr)