The allotment for the Utssav Cz Gold Jewels IPO is expected to be finalized today. Investors can check their status through the IPO registrar, Bigshare Services. The IPO ran from July 31 to August 2 and received strong interest, with the retail portion being oversubscribed 46 times.
Due to the high demand in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment will have their application money refunded starting August 6, 2024. Allotted shares will be credited to investors’ demat accounts on the same day.
Utssav Cz Gold is a Small and Medium Enterprises (SME) IPO, and the shares are expected to be listed on the NSE SME platform on August 7, 2024. The IPO was oversubscribed 47 times, receiving bids for 199,831,200 shares against the 4,200,000 shares available. The IPO size was ₹69 crore, consisting of 63.18 lakh new shares, with the price range set between ₹104 and ₹110 per share.
How to Check Your Utssav Cz Gold IPO Allotment Status
If you applied for the Utssav Cz Gold IPO, you can check your allotment status on the Bigshare Services website. Here are the steps:
- Visit the Bigshare IPO status page at Bigshare Online.
- Select “Utssav Cz Gold IPO” from the list of firms.
- Choose the identification option: “PAN Number, Beneficiary ID, or Application No./CAF No.”
- Click “Search” to view your allotment status.
You can check the status on your phone or computer.
About Utssav Cz Gold
Utssav Cz Gold specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K cubic zirconia (CZ) gold jewelry. The company produces lightweight CZ gold and rose gold casting jewelry, offering a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.
The company’s manufacturing facility, located in Andheri East, Mumbai, covers 8,275 square feet and has an annual production capacity of 1,500 kg. Utssav Cz Gold has established relationships with major jewelry retailers like D.P. Abhushan Limited and Kalamandir Jewellers Limited, as well as other reputable clients. Its customer base spans 17 states and two union territories in India, as well as two countries abroad.
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