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:
- Mr. Shubham Bharatbhai Shah (Designation: Managing Director)
- 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 : compliancerojewels@gmail.com Website : www.rojewels.in |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 Tel. No.: +91 40 6716 2222 Investor Grievance Email: rojewels.ipo@karvy.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street,Mumbai-400 001 Tel. No.: +91 22 40509999 Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
