RO Jewels was incorporated on December 11, 2018. Thevompany is engaged in the wholesale business of gold and Silver chains. The registered office and business of operation are based in Ahmedabad. It essentially sells gold-based chains, bracelets, gold/silver bars, and necklaces.
| Bidding Dates |
|---|
| 12 Mar 2020 - 17 Mar 2020 |
| Subscription |
|---|
| 1.19x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 1.4 M | ₹36 | 51.8 % | ₹49.1 M | RHP DOC |
RO Jewels IPO SUBSCRIPTION STATUS
17 Mar '20RO Jewels IPO overall subscription rate was 1.19 times the total available shares
RO Jewels IPO retail subscription rate was 0.43 times in the retail segment
RO Jewels IPO non-institutional investor subscription rate was 1.95 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Mar 2020 (Day 2) | 0.01x | 0.17x | - |
16 Mar 2020 (Day 3) | 0.06x | 0.71x | - |
17 Mar 2020 (Day 4) | 0.43x | 1.95x | - |
12 Mar 2020 (Day 1) | 0x | 0x | - |
RO Jewels FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY20 | 1.5 | 104.7 | -29.1 | -29.1 |
| FY19 | 0.1 | 42.4 | -8.7 | -11.4 |
| FY18 | 0.7 | 97.6 | -3.3 | -3.5 |
| FY17 | 0.6 | 57.4 | 9.6 | 8.7 |
RO Jewels IPO SUBSCRIPTION STATUS DETAILS
RO Jewels had 1.4 M shares on offer
RO Jewels IPO offer price was ₹36
RO Jewels IPO minimum Investment was ₹108000
RO Jewels IPO issue size was ₹ 49.1 M
RO Jewels had a minimum lot size of 3000 Shares per application
RO Jewels NUMBER OF SHARES ON OFFER
RO Jewels IPO IMPORTANT DATES
| Issue Open Date | 12 Mar 2020 |
| Issue close Date | 17 Mar 2020 |
| Allotment Date | 20 Mar 2020 |
| Refund Date | 23 Mar 2020 |
| Demat Account Credit Date | 24 Mar 2020 |
| Listing Date | 25 Mar 2020 |
| Listing on Exchange(s) | BSE |
| RO Jewels Allotment Status | Exchange |
RO Jewels IPO subscription opened on 12 Mar 2020, and closed on 17 Mar 2020
IPO allotment for RO Jewels was finalized on Friday, 20 Mar 2020
IPO listing for RO Jewels was on BSE on Wednesday, 25 Mar 2020
RO Jewels IPO LISTING GAINS
| Issue Price (adjusted) | 2.0 |
| Listing Open Price | 36.0 |
| Listing Close Price | 36.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -25.7% |
RO Jewels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RO Jewels Ltd. | 1.5 | 0.4 | 297.6 | -3.4 | 0.1 | 0 | 0 | 47.1 | 3.2 | 0 | -98.4 | 0 | -87.6 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
RO Jewels INFORMATION ON IPO ISSUE
About RO Jewels
RO Jewels was incorporated on December 11, 2018. Thevompany is engaged in the wholesale business of gold and Silver chains. The registered office and business of operation are based in Ahmedabad. It essentially sells gold-based chains, bracelets, gold/silver bars, and necklaces.
Object of the Issue
- Additional working capital
- General corporate expenses
- To meet the expenses of the issue
RO Jewels - PROMOTERS
| Name |
|---|
| Bharat Rasiklal Shah |
| Pravinaben Shah |
| Shubham Bharatbhai Shah |
RO Jewels Lead Manager to the Issue
First Overseas Capital Limited
mala@focl.in
RO Jewels Registrar to the Offer
Kfin Technologies Private Limited
einward.ris@kfintech.com
RO Jewels Strengths
Brand name
The company sells under an established brand named "Ravi Ornaments" in the local jewellery market in Ahmedabad
Long term strong business relationships
The company maintains long-term strong business relationships with key suppliers as it procures chains and jewellery in bulk
Credit cycle
The company has a smooth credit cycle with debtors and creditors. This gives it leverage over the others as there is flexibility in the payment cycle
RO Jewels Risks
Unregistered logo
The company has not registered the name and logo of with the Trade Marks Registry of Ahmedabad. The company in future may register it depending on the future requirements
Undisclosed agreements
Certain agreements may be inadequately stamped or may not have been registered or may not have necessary disclosure as a result of which our operations may be adversely affected
IPO FAQs
The promoters of the company are Bharat Rasiklal Shah, Pravinaben Shah and Shubham Bharatbhai Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 36.0 - 36.0.
The IPO application opens on Mar 12, 2020 and closes on Mar 17, 2020.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Mar 20, 2020.
The refund will be credited to your account on Mar 23, 2020.
The allotted shares will be credited to your demat on Mar 24, 2020.
RO Jewels Ltd.’s shares listed on the stock exchanges on Mar 25, 2020.