RO Jewels Ltd SME IPO
Incorporated in 2018, RO Jewels is engaged in the wholesale business of silver and gold chains. It is an Ahmedabad-based business and sells gold and silver necklaces, bars, bracelets and chains. RO Jewels acquired M/s Ravi Ornaments in December 18, 2019.
As a wholesaler, the company purchases readymade jewelry from independent wholesalers and manufacturers across Mumbai and Ahmedabad. It has a showroom at Manek Chowk (Ahmedabad) to sell its products. Apart from this, RO Jewels also sells products to other jewelry stores through its B2B marketing strategy.
The Jewelry portfolio of the company includes Indo-western, traditional and modern jewelry. All the jewelry offered by RO Jewels carries the BIS Hallmark (a widely accepted mark of purity of gold).
Competitive Strengths
1. Established brand name in the local market
2. Long-term and robust business relationships
Company Promoters
Mr. Bharat Rasiklal Shah, Mrs. Pravinaben Shah and Mr. Shubham Bharatbhai Shah are the promoters of the company.
Issue Details
| RO Jewels Ltd - SME IPO | |
| Issue Open | Mar 12, 2020 - Mar 17, 2020 |
| Issue Size | 1,365,000 Eq Shares of Rs 10 (aggregating up to Rs 4.91 Cr) |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 36 per Equity Share |
| Market Lot | 3000 Shares |
| Listing At | BSE SME |
|
Objectives |
1. Additional Working Capital |
Company Financials
| Particulars | For the year/period ended (in lakh rupees) | ||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 179.06 | 230.49 | 156.13 |
| Total Revenue | 424.34 | 975.70 | 574.40 |
| Profit After Tax | 1.49 | 6.85 | 5.87 |
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