RO Jewels Ltd

About the Company:

RO Jewels Ltd is engaged in the wholesale business of gold and Silver chains.The registered office and business of operation is based in Ahmedabad.

Company essentially sell gold based chains, bracelets, gold/silver bars and necklaces. Company procures gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad.

Company sell under our established brand named ―Ravi Ornaments‖ in the local jewellery market in Ahmedabad.

Company purchase only readymade Chains and other jewelries from the jewellery manufacturers or independent jewellery wholesalers located in Ahmedabad and Mumbai.

These are then sold through our showroom situated at Manek Chowk, Ahmedabad and by our marketing and sales team directly to other jewellery stores. The jewellery is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.

Company has a diversified portfolio for chains and jewelries that cater to our customers taste, preference, choice and the ever changing trends in the chain and jewellery designs.


Management Team:

  1. Mr. Shubham Bharatbhai Shah (Designation: Managing Director)
  2. Mr. Bharat Rasiklal Shah (Designation: Whole-Time Director)


Objectives of the Issue:

  • Additional Working Capital
  • General Corporate Expenses
  • To meet the expenses of the Issue.


Financials of the Company:

(in Crores) FY 17 FY 18 FY 19 30th Sept 19
Revenue 5.74 9.75 4.24 10.47
Net Profit 0.05 0.06 0.01 0.15


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
RO Jewels Limited 10 2.51 14.34 1.38% 43.68
Narbada Gems and Jewellery Ltd 10 2.05 13.78 12.82% 16.94
Vaibhav Global Ltd 10 10.34 76.29 6.30% 164.99


IPO Details:

Details Info
Issue Opens on 12th March 2020
Issue Closes on:. 17th March 2020
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,08,000
Issue Constitutes 48.20%
Issue Size Rs.4.91 cr
Market Cap Rs.10.19 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 13,65,000
Equity Shares Prior to the Issue 14,67,083
Equity Shares after the Issue 28,32,083


Important Dates:

Finalization of Basis of Allotment on or Before 20th March 2020
Initiation of Refunds on or Before 23rd March 2020
Credit of Equity Shares: on or Before 24th March 2020
Listing Date: on or Before 25th March 2020


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.51 14.34 1.38% 43.68


Company Contact Info:
RO Jewels Ltd
202, Shri Virkala Complex, M.G. Haveli R,
Manekchowk Co. Op Bank, Manekchowk,
Ahmedabad, Gujarat, India, 380001
Tel No. : +91 79 22144429/ 22153329
Email Id :
Website :


IPO Registrar Info:
Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad 500 032
Tel. No.: +91 40 6716 2222
Investor Grievance Email:


Lead Manager to the Issue:
1-2 Bhupen Chambers, Ground Floor, Dalal Street,Mumbai-400 001
Tel. No.: +91 22 40509999
Investor Grievance Email: