RO Jewels IPO Review

SME 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 SME 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 SME IPO Details

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 SME IPO Details
RO Jewels Issue Details Values
IPO Category SME
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
BSE Code
NSE Code

RO Jewels SME IPO Live Subscription (NSE + BSE)

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

  • Qualified Institutional Buyers: 0 Shares
  • Non-Institutional Investors: 648,000 Shares
  • Retail Individual Investor: 648,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered069,00069,0001,296,000
112th Mar 2020 17:020.00x0.00x0.00x0.00x
213th Mar 2020 18:510.17x0.01x0.09x
316th Mar 2020 18:510.71x0.06x0.39x
417th Mar 2020 18:511.95x0.43x1.19x

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 SME 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 SME 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 SME IPO Recommendations

RO Jewels SME IPO Important Dates

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.

RO Jewels SME IPO important dates
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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@
  NRI Form ⇒

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.

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

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

RO Jewels SME 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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  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

     

  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?

     

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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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