RO Jewels IPO Review

IPO Status: Closed [12th Mar 2020 to 17th Mar 2020]

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RO Jewels IPO review covers all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates and much more.

RO Jewels IPO opens on 12-Mar-2020 and closes on 17-Mar-2020. The price for IPO is fixed at₹36 per share and lot size is 3000 shares.

Incorporated Year: 2018
Sector: Gems and jewellery industry
Website: www.rojewels.in

About RO Jewels Limited (ROJL)

RO Jewels Limited is the Gujarat (Ahmedabad) based wholesale jewelry business firm engaged in selling gold and silver jewelry especially chains. Other products that the company sells include bracelets, gold/silver bars, and necklaces. The company purchase readymade chains and other jewelry in wholesale from jewelry manufacturers and independent jewelry wholesalers and sell throughout in Gujarat by B2B marketing and also at their showroom at Manek Chowk, Ahmedabad.

The company procure gold & silver majorly through the bullion market and local markets in Ahmedabad. The company acquired M/s Ravi Ornaments of their promoter Mr. Bharat Rasiklal Shah in Dec 2019.

All their jewelry is hallmarked from BIS recognized Assaying and Hallmarking center to maintain the purity of gold.

RO Jewels IPO Objective

The objective of the issue is to utilize the proceeds of the Fresh Issue to meet the following objects:

  • For onward lending, financing and augmenting the capital base.
  • To meet general corporate expenses.
  • To meet the Issue expenses.

RO Jewels IPO Details

RO Jewels IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    RO Jewels IPO Details
    RO Jewels Issue Details Values
    IPO Category SME
    IPO Issue Type Fixed Price Issue IPO
    IPO Issue Size ₹4.91 Cr (13,65,000 Eq Shares of ₹10)
    Fresh Issue ₹10 Per Eq Share
    Face Value ₹10 Per Eq Sha Per Equity Share
    IPO Issue Price ₹36
    IPO Discount
    Market Lot 3000 Shares
    Min Order Qty 3000 Shares
    Max Retail Qty 3000 Shares
    Promoter Holding Pre IPO 87.38%
    Promoter Holding Post IPO 45.26%
    IPO Listing At BSE SME
    BSE Code
    NSE Code

RO Jewels IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers - 0
  • Non-Institutional Investors - 648000
  • Retail Individual Investor - 648000
  • Employees Quota - 0
  • Shareholders and Other Quota - 0
IPO Bidding Updates (BSE + NSE) Live
DayDateQIBNIIRIIEMPOtherTotal
06900069000001296000
112th Mar 2020 17:020x0x0x0x0x0x
213th Mar 2020 18:510x0.1667x0.0139x0x0x0.0903x
316th Mar 2020 18:510x0.713x0.0602x0x0x0.3866x
417th Mar 2020 18:510x1.9537x0.4306x0x0x1.1921x

RO Jewels Financials for past 3 Years

Past performance and financial results of RO Jewels.

    RO Jewels financial
    RO Jewels IPO Financials 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Assets ₹1.79 Cr ₹2.30 Cr ₹1.56 Cr
    Total Revenue ₹4.24 Cr ₹9.76 Cr ₹5.74 Cr
    Net Profit/Loss ₹0.15 Cr ₹0.68 Cr ₹0.59 Cr

RO Jewels IPO Strengths

  • Brand Name - "Ravi Ornaments".
  • Bulk Buying strategy with long term strong business relationship.
  • Experienced management team with reputed investors.
  • Customer-centric approach, healthy customer retention ratio and customer protection initiatives.
  • Decentralized management structure.

RO Jewels IPO Threats/Weaknesses

  • Presence in one state only.
  • Not a registered product under jewellery designs under the Designs Act, 2000.
  • Major dependency on international market for gold and silver price.
  • Competition from other jewellery houses and similar business.

RO Jewels IPO Recommendations

RO Jewels IPO Important Dates

In this section we have covered all imporatant dates related to RO Jewels IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    RO Jewels IPO important dates
    IPO Activity Date
    IPO Issue Open Date 12th Mar 2020
    IPO Issue Close Date 17th Mar 2020
    Basis of Allotment Finalisation Date* 23rd Mar 2020
    Refunds Initiation* 24th Mar 2020
    Credit of Shares to Demat Account* 24th Mar 2020
    IPO Listing Date* 25th Mar 2020

* - Tentative Dates

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RO Jewels IPO Draft Prospectus >>Document

RO Jewels IPO Red Herring Prospectus >>RO Jewels IPO Red Herring Prospectus is not yet available, will update the link once its availble for Investors.

RO Jewels IPO Allotment Status >>RO Jewels IPO Allotment is not declared yet, expected to be declear by 23rd Mar 2020, will provide the link once allotment is out.

Company Address

RO Jewels Ltd
202, Shri Virkala Complex,
M.G. Haveli R, Manekchowk Co. Op Bank,
Manekchowk,
Ahmedabad, Gujarat-380001
Website: www.rojewels.in
Email: [email protected]
Phone: +91 79 22144429/ 22153329

Registrar

KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Rangareddi Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: http://www.kfintech.com

Lead Manager

  • First Overseas Capital Limited
RO Jewels IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for RO Jewels? Should I apply in RO Jewels IPO?

Last Updated on 2020-03-24T19:51:53+00:00

RO Jewels IPO FAQs

  1. 1. How to subscribe RO Jewels IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase RO Jewels IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply RO Jewels IPO with Zerodha.

    Alternate approch to apply in RO Jewels IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    RO Jewels IPO Review and Important Updates

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    Discuss this question

  2. 2. How to apply in RO Jewels IPOs online?

    Apply in RO Jewels IPO online

    To subscribe or apply in RO Jewels IPO, you can use the following methods:

    RO Jewels IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in RO Jewels IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in RO Jewels IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in RO Jewels IPO. Most of the Syndicate Banks provide access to apply in RO Jewels IPO via ASBA process. You must have your net banking access, DP ID information to apply in RO Jewels IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in RO Jewels IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    RO Jewels IPO Review and Important Updates

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  3. 4. What is the listing date of RO Jewels IPO?

    RO Jewels IPO is going to be list on 25-03-2020.

    Other relevant questions:

    When RO Jewels IPO will be listing? RO Jewels IPO listing date?RO Jewels IPO date of listing

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  4. 5. When RO Jewels IPO will be allocated?

    RO Jewels IPO Allotment Date is 23-03-2020.

    Other relevant questions:

    RO Jewels IPO share allotment date?RO Jewels IPO allotment date?

    Discuss this question

  5. 6. When RO Jewels IPO will open?

    RO Jewels IPO Issue Open Date is 12-03-2020.

    Other relevant questions:

    RO Jewels IPO start date? When RO Jewels IPO Open Date? When to invest in RO Jewels IPO?

    Discuss this question

  6. 7. When RO Jewels IPO will close?

    RO Jewels IPO Issue Close Date is 17-03-2020.

    Other relevant questions:

    RO Jewels IPO end date? When RO Jewels IPO Close Date? Last Date to invest in RO Jewels IPO?

    Discuss this question

  7. 8. What is the price of RO Jewels IPO for retail investor?

    RO Jewels IPO price for retail investor is ₹36.

    Discuss this question

  8. 9. What is the lot size of RO Jewels IPO for retail investor?

    RO Jewels IPO lot size for retail investor is 3000 Shares(Min) and 3000 Shares (Max).

    Other relevant questions:

    RO Jewels IPO lot details? RO Jewels IPO market lot? RO Jewels IPO details lot size?

    Discuss this question

  9. 10. Can I invest in RO Jewels IPO via UPI?

    Yes, you can invest in RO Jewels IPO via UPI. If applying online, you can use UPI as well as ASBA. If applying through physical form, UPI is mandatory.

    Discuss this question

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User Comments

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5. Anil Gakhar  3/10/2020 10:53:09 PM Reply
RO Jewels IPO expected listing gain.
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4. Rajesh kumar  3/10/2020 10:53:09 PM Reply
Please confirm RO Jewels IPO GMP (grey market premium) and kostak.
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3. DHANANJAY KUMAR SINGH  3/10/2020 10:53:09 PM Reply
RO Jewels IPO good or bad.
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2. Kunal patil  3/10/2020 10:53:09 PM Reply
RO Jewels IPO whether to invest or not.
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1. Aradhana Rai  3/10/2020 10:53:09 PM Reply
RO Jewels IPO - CRISIL Rating, Apply or not?.

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