SME IPO Status: Closed [12th Mar 2020 to 17th Mar 2020]
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
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.
The objective of the issue is to utilize the proceeds of the Fresh Issue to meet the following objects:
RO Jewels SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|RO Jewels Issue Details||Values|
|SME IPO Issue Type||Fixed Price Issue IPO|
|SME IPO Issue Size||₹4.91 Cr (13,65,000 Eq Shares of ₹10)|
|Fresh Issue||₹10 Per Eq Share|
|Face Value||₹10 Per Equity Share|
|SME IPO Issue Price||₹36|
|SME IPO Discount|
|Market Lot||3000 Shares|
|Min Retail 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|
The table below is live update of SME IPO bidding details from NSE and BSE.
|# of Shares Offered||0||69,000||69,000||1,296,000||1||12th Mar 2020 17:02||0.00x||0.00x||0.00x||0.00x||2||13th Mar 2020 18:51||0.17x||0.01x||0.09x||3||16th Mar 2020 18:51||0.71x||0.06x||0.39x||4||17th Mar 2020 18:51||1.95x||0.43x||1.19x|
Past performance and financial results of RO Jewels.
|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|
In this section we have covered all important dates related to RO Jewels SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
|SME IPO Activity||Date|
|SME IPO Issue Open Date||12th Mar 2020|
|SME 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|
|SME IPO Listing Date*||25th Mar 2020|
* - Tentative Dates
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RO Jewels SME IPO Draft Prospectus >>Document
RO Jewels SME IPO Red Herring Prospectus >>RO Jewels SME IPO Red Herring Prospectus is not yet available.
RO Jewels SME IPO Allotment Status >>RO Jewels SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2020-03-24T19:51:53+00:00
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.
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To subscribe or apply in RO Jewels IPO, you can use the following methods:
|RO Jewels IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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RO Jewels IPO Application is not yet available.
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
RO Jewels IPO Allotment Date is 23-03-2020.
Other relevant questions:RO Jewels IPO share allotment date?RO Jewels IPO allotment date?