Utssav Cz Gold Jewels Limited

About the company

## **About Utssav Cz Gold Jewels Limited** Established in 2007, Utsav CZ Gold Jewels Limited is engaged in specializing in the design, manufacture, and export of 18K, 20K, and 22K CZ gold jewellery, the company excels in creating lightweight and intricately crafted pieces that blend the timeless allure of gold with the radiant beauty of cubic zirconia. Their extensive product range includes rings, earrings, pendants, bracelets, necklaces, watches, and brooches, catering to various tastes and occasions. The essence of Utsav CZ Gold Jewels Limited lies in its dedication to crafting exquisite CZ casting gold jewellery. The company’s focus on contemporary design ensures that their creations resonate with the preferences of today’s youth, offering both elegance and affordability. Cubic zirconia, a synthetic gemstone admired for its diamond-like clarity and durability, serves as a versatile and cost-effective alternative to traditional diamonds. Utsav’s jewellery pieces, featuring these 'American Diamonds,' are designed to cater to diverse regional tastes, reflecting the company’s commitment to customization and client satisfaction. Utsav CZ Gold Jewels operates an 8,275 square feet facility in Andheri East, Mumbai, equipped with state-of-the-art technology to maintain high standards of precision and efficiency. With a production capacity of 1,500 kg per annum, Utsav CZ Gold Jewels Limited harnesses the skills of a dedicated team of 15 CAD designers, who generate around 400 new designs monthly. This dynamic approach allows the company to stay ahead of market trends and meet the evolving demands of their clientele. The company is well-regarded for its high-quality craftsmanship and innovative designs, supported by a strong network of esteemed retail partners. The company has fostered long-term relationships with prominent jewellery retailers such as D.P. Abhushan Limited and Kalamandir Jewellers Limited, among others. Their reach extends across seventeen states and two union territories in India, as well as into international markets, underscoring their broad appeal and trusted reputation in the industry. With a legacy built on quality, design excellence, and customer trust, company continues to set the benchmark in the CZ gold jewellery sector. Their commitment to delivering affordable luxury without compromising on quality ensures that each piece not only enhances the wearer’s style but also upholds the company’s esteemed reputation for excellence and reliability. Utsav CZ Gold Jewels Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Funding Working Capital requirement of the Company. 1. General Corporate Purpose.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   31 Jul 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   02 Aug 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Aug 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   06 Aug 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   05 Aug 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   07 Aug 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.