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U H Zaveri IPO is a fixed price issue of Rs 7.99 crores.
U H Zaveri IPO bidding started from May 8, 2018 and ended on May 14, 2018. The shares got listed on BSE SME on May 22, 2018.
U H Zaveri IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
First Overseas Capital Limited is the book running lead manager of the U H Zaveri IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to U H Zaveri IPO RHP for detailed information.
| IPO Date | May 8, 2018 to May 14, 2018 |
| Listing Date | May 22, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,220,000 shares (aggregating up to ₹7.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,896,400 |
| Share holding post issue | 6,116,400 |
| Market Maker portion | 114,000 shares |
U H Zaveri IPO offers 2,334,000 shares. 1,053,000 (45.12%) to NII, 1,053,000 (45.12%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 114,000 (4.88%) |
| Other Shares Offered | 1,053,000 (45.12%) |
| Retail Shares Offered | 1,053,000 (45.12%) | Other Shares Offered | 114,000 (4.88%) |
| Total Shares Offered | 2,334,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
Incorporated in 2017, Gujarat based U. H. Zaveri Private Limited is a gem & jewelry company. The business operations are divided into two divisions. One division is into wholesale and retail of jewelry and the second division is into trading of jewelry. The company mainly sells gold jewelry and marginal percentage of its revenue is earned through silver jewelry and other kinds of jewelry and utensils.
U. H. Zaveri does not manufacture its own jewelry and hence, the making is outsourced. However, the jewelry is either designed in-house or through 3-D jewelry designer or by third-party designers or they purchase ready to sell jewelry directly from manufacturers. The company has a showroom in Nikol Road, Ahmedabad. It has 6 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | ||||||
| Total Assets | 892.14 | |||||
| Total Revenue | 1,389.35 | |||||
| Profit After Tax | 74.68 | |||||
The Objects of the Issue are-
1. To meet the working capital requirement, and
2. To meet the expenses of the Issue
[Dilip Davda]
Company has just five months working. Issue pricing appears aggressive. Merchant banker has poor track records. Considering current status of sentiment for jewellery segment, there is no harm in giving this issue a miss.
Read detail review...The U H Zaveri IPO is subscribed 2.83 times on May 14, 2018 5:00:00 PM. The public issue subscribed 3.76 times in the retail category, times in the QIB category, and 1.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.89 |
| Retail | 3.76 |
| Total | 2.83 |
| Listing Date | May 22, 2018 |
| BSE Script Code | 541338 |
| NSE Symbol | |
| ISIN | INE556Z01010 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹27.00 |
| ₹25.65 |
| ₹27.00 |
| ₹25.65 |
U. H. Zaveri Limited
GF/2, Manish Complex
Indrajit Tenaments, Opp. Diamond Mill
Nikol Road, Ahmedabad - 382350
Phone: +91 79 22703991/92
Email: compliancesmgold@gmail.com
Website: http://www.uhzaveri.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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U H Zaveri IPO is a SME IPO of 2,220,000 equity shares of the face value of ₹10 aggregating up to ₹7.99 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on May 8, 2018, and closes on May 14, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The U H Zaveri IPO opens on May 8, 2018 and closes on May 14, 2018.
U H Zaveri IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in U H Zaveri IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for U H Zaveri IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the U H Zaveri IPO allotment status.
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Is there any news about U H Kaveri?
Shall I sell the stocks or hold them?
Anyone please advise.