RO Jewels IPO
(i) The company is engaged in the wholesale business of gold and silver chains.
(ii) They procure gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad. They purchase only readymade Chains and other jewelry from the jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad.
(iii) They have a diversified portfolio for chains and jewelry that cater to our customer’s taste, preference, choice, and the ever-changing trends in the chain and jewelry designs. The portfolio offers our customers a wide variety of traditional, Indo-western, & modern chains and jewelry.
(i) It is a simple business of trading, wherein company purchase gold chains from the bullion market and sell it from their shop.
(ii) No moat in the business.
Objects of the RO Jewels IPO:
RO Jewels IPO Details:
|Open Date:||Mar 12 2020|
|Close Date:||Mar 17 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||4.91 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 36 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Mar 25 2020|