U.H Zaveri Ltd

U.H Zaveri Ltd

About the Company

U.H Zaveri Ltd a gems & jewellery company.Company deals wholesale and retail of jewellery and is also into trading of jewellery.

Company mainly sells gold jewellery and marginal percentage of the revenue is earned through silver jewellery and other kind of jewellery and utensils.

Company sell their jewellery from their only retail showroom located in Nikol Road, Ahmedabad.

company does not manufacture its own jewellery and hence, the making of jewellery is outsourced. The jewellery sold by them is either designed in house or through 3-D jewellery designer or by third party designers or they purchase ready to sell jewellery directly from manufacturers.

Company’s Products have presence across different price points and cater to customers across high-end, mid-market and value market segments.

Management Team:

  1. Mr. Hitesh M. Shah (Designation: Managing Director)
  2. Mrs. Sunitaben H. Shah (Designation: Non- Executive Director)
  3. Mr. Mahendrakumar H. Shah (Designation: Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Hitesh M. Shah 3,583,719 14.06
Mrs. Sunitaben H. Shah 150,960 0.20
Mr. Mahendrakumar H. Shah 153,000 0.20


Objectives of the Issue:

  • To meet Working capital requirement
  • To meet the expenses of the Issue


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 7.74
Issue Related Expenses 0.25
Net Proceeds 7.99 cr


Financials of the Company:

(in Crores) 31st Jan 18
Revenue  13.89
Net Profit  0.74


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
U. H. Zaveri Limited 10 1.92 18.75 12.87 14.90
Goldiam International Ltd 10 3.90 19.20 5.5 79.70
Renaissance Jewellery Ltd 10 15.40 22.00 7.30 234.20
Uday Jewellery Ltd 10 1.00 24.40 12.10


IPO Details:

Details Info
Issue Opens on 8th May 2018
Issue Closes on:. 14th May 2018
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 3000 
Minimum Investment Rs.1,08,000
Issue Constitutes 36.30%
Issue Size Rs.7.99 cr
Market Cap Rs.22.01 cr
Listing at BSE SME
Equity Shares Offered (Fresh Issue) 22,20,000
Equity Shares Prior to the Issue 38,96,400
Equity Shares after the Issue 61,16,400


Important Dates:

Finalization of Basis of Allotment on or Before 17th May 2018
Initiation of Refunds on or Before 18th May 2018
Credit of Equity Shares: on or Before 18th May 2018
Listing Date: on or Before 22nd May 2018


Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 06:00 PM) Shares Offered 8/5 9/5 10/5 11/5 14/5
HNI  10,53,000 0.10  1.10  1.13  1.14 1.89
Retail  10,53,000  1.08  1.63  1.71  2.43 3.78
Others  1,14,000  0.00  0.00  0.00  0.00 0.00
Employee  ——  —-  —-  —-  —- —-
TOTAL  22,20,000  0.56  1.29  1.35  1.69 2.69


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.92 18.75 12.87% 14.90


Check IPO Allotment Status:

Karvy Website (Click on the below Link)



Company Contact Info:
GF/2, Manish Complex, Indrajit Tenaments,
Opp. Diamond Mill, Nikol Road,
Ahmedabad – 382350, Gujarat, India
Tel No. : +91 79 22703991,22703992
Email Id : uhzl.compliance@gmail.com
Website : www.uhzaveri.com


IPO Registrar Info:
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad 500 032 India
Tel. No.: 1-800-3454001/ +91 40 6716 2222
Investor Email: uhzaveri.ipo@karvy.com
Website: www.karisma.karvy.com


Lead Manager to the Issue:
1-2 Bhupen Chambers, Ground Floor, Dalal Street,
Mumbai-400 001
Tel. No.: +91 224050 9999
Investor Email: investorcomplaints@focl.in
Website: www.focl.in