RO Jewels IPO Upcoming IPO 2020 date, price & other details
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 includes:
- Traditional Jewelry
- Indo-western Jewelry
- Modern Jewelry
All the jewelry sold has a BSI hallmark, which is a widely accepted mark to check the purity of gold.
Company Promoters
Following are the promoters of the company:
- Mr. Bharat Rasiklal Shah
- Mr. Shubham Bharatbhai Shah
- Mrs. Pravinaben Shah
Competitive Strengths of the Company
RO Jewels has following competitive strengths
- 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
RO Jewels Financial Summary
Below is the financial summary of RO Jewels
| Particulars | For the year/period ended (in Lakhs) | |||
| 30th Sept.2019 | 31st Mar.2019 | 31st Mar.2018 | 31st Mar.2017 | |
| Total Assets | 580.25 | 179.06 | 230.49 | 156.13 |
| Total Revenue | 1047.22 | 424.34 | 975.70 | 574.40 |
| Profit After Tax | 15.05 | 1.49 | 6.85 | 5.87 |
RO Jewels IPO Details
| Date of IPO Issue | 12th Mar.2020- 17th Mar.2020 |
| Type of Issue | Fixed Price Issue IPO |
| Size of Issue | 1,365,000 equity shares or Rs.10 (aggregating up to Rs.4.91 Cr) |
| Face Value | Rs.10 per Equity Share |
| IPO Price | Rs.36 per Equity Share |
| Market Lot | 3000 shares |
| Min Order Quantity | 3000 shares |
| Listing At | BSE SME |
RO Jewels IPO Lot Size and Retail Price
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 3000 | Rs.108,000 |
| Maximum | 1 | 3000 | Rs.108,000 |
Promoters Holding:
| Pre-Issue Share Holding | 87.38% |
| Post Issue Share Holding | 45.26% |
RO Jewels IPO Prospectus
Contact Information
RO Jewels Ltd.
202, Shri Virkala Complex,
M.G. Haveli R, Manekchowk Co. Op Bank,
Manekchowk, Ahmedabad, Gujarat, India- 380001
Phone: +91 7922144429/ 22153329
Email: compliancerojewels@gmail.com
Website: http://www.rojewels.in/
To get the latest update on IPO visit at Upcoming IPO 2020
