RO Jewels IPO Upcoming IPO 2020 date, price & other details

RO Jewel Ltd IPO

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



To get the latest update on IPO visit at Upcoming IPO 2020

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