Utssav CZ Gold Jewels Ltd. has announced public offering of 6318000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 100.00 per share. The gross proceeds of the issue are expected to be Rs 6,949.80 lakhs.

The company's initial public offer (IPO) will open on 31 July 2024 and is expected to close on 02 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 104.00-110.00 per share.

The IPO includes a fresh Issue of 6318000 Equity Shares of the Company at an price of Rs 110.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Utssav CZ Gold Jewels Ltd. anticipates using the proceeds of the issue for .

Choice Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.