Utssav CZ Gold Jewels IPO Subscription Status: Utssav CZ Gold Jewels IPO is Open on 1 August, 2024 and Close on 5 August, 2024. Utssav CZ Gold Jewels IPO to Raise 63,18,000 shares (Approx ₹65.71 – ₹69.50 Cr) via IPO. The Fresh Issue of 63,18,000 shares (Approx ₹65.71 – ₹69.50 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Utssav CZ Gold Jewels IPO is an SME IPO and Listed on NSE SME. Utssav CZ Gold Jewels IPO Price Band is Fixed at ₹110 Equity Share. Utssav CZ Gold Jewels IPO Lot Size is 1200 Shares.
Also Read: Utssav CZ Gold Jewels IPO Details, GMP Price, Date, Review
Utssav CZ Gold Jewels IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 12,00,000 | 4,37,18,400 | 36.43 |
| Non Institutional Buyers (NIIs) | 9,00,000 | 5,80,22,400 | 64.47 |
| Retail Individual Buyers (RIIs) | 21,00,000 | 9,80,90,400 | 46.71 |
| Total | 42,00,000 | 19,98,31,200 | 47.58 |
Utssav CZ Gold Jewels Subscription Status day-by-day-
| Categories | 31 July | 1 Aug | 2 Aug |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 36.43 |
| NII | 1.16 | 9.07 | 64.47 |
| RII | 3.15 | 12.97 | 46.71 |
| Total | 1.82 | 8.43 | 47.58 |
About Utssav CZ Gold Jewels IPO :
- Utssav CZ Gold Jewels was originally incorporated as “Kizi Apparels Private Limited” at Jaipur, Rajasthan as a private limited company registered under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated March 24, 2023.
- M/s. Aaika Creations was started with a vision to bring a wave in the manufacturing industry in terms of meeting the end-to-end requirement of our customers enhancing the overall quality parameters.
- In Aaika Creations, he started off with some small & medium sized brands which could give him some consistent business and also, he can place himself in the market with bigger brands. His first year was with full of struggle as he was in the process of getting the knowledge and intricacy of the business& its loop holes, however, he focuses on the business potentiality.
- In initial years of his business, he focused on building up a strong team and strengthening roots in the market, studying the scope and opportunities in the business. As founders of the Company our promoter knew that he will have to build up a USP (Unique Selling Products) for our Company in order to sustain and grow in right direction in the market.
- According to his study and survey of the market he found that there is a huge gap in the demand and supply of premium quality products in the market. Our promoter explored further in this segment and found that our styling and workmanship matches the requirement of premium products and hence we started approaching brands who work on the similar line of products.
Utssav CZ Gold Jewels Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
Utssav CZ Gold Jewels Review From MoneyMintIdea –
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