RBZ Jewellers IPO Review

 
RBZ Jewellers IPO Review

IPO Open Date: December 19, 2023

IPO Close Date: December 21, 2023

IPO Price: ₹95 to ₹100 per share

Lot Size: 150 Shares

Listing: December 27, 2023

RBZ Jewellers is scheduled to hit the market on December 19, 2023 and close on December 21, 2023. RBZ Jewellers plans to raise around ₹100.00 Cr through an IPO with a sale of up to 10,000,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in April 2008, RBZ Jewellers Limited is an Indian gold jewellery manufacturer with a distinct focus on crafting antique designs. The company specializes in the design and production of a diverse range of antique gold jewellery, featuring intricate work such as jadau, meena, and kundan. RBZ Jewellers operates in both wholesale and retail sectors.

The company's wholesale clientele comprises renowned national, regional, and local family jewellers, spanning across 19 states and 72 cities in India. RBZ Jewellers has positioned itself as a key player in the gold jewellery industry, known for its expertise in crafting timeless and antique designs that appeal to a broad customer base.

RBZ Jewellers


RBZ Jewellers IPO Details

RBZ Jewellers IPO opens on Dec 19 , 2023, and closes on Dec 21 , 2023. The Listing date for RBZ Jewellers IPO is on Dec 27, 2023. The price band for IPO is ₹95 to ₹100 per share and lot size of 150 Shares.

IPO DateDec 19 , 2023 to Dec 21, 2023
Listing DateDec 27, 2023
Price₹95 to ₹100 per share
Lot Size150 Shares
Issue Size₹100.00 Cr
Face Value₹10 per share

RBZ Jewellers IPO Tentative Timetable

RBZ Jewellers opening date is December 19, 2023 and close date is December 21, 2023. The IPO allotment date is December 22, 2023. The refund initiation of IPO is on December 23, 2023. The credit of shares in demat account is on December 23, 2023. The listing date is on December 27 , 2023.

EventDate
IPO OpeningDec 19, 2023
IPO ClosingDec 21, 2023
IPO Allotment DateDec 22, 2023
Refund InitiationDec 23, 2023
Shares Credit to DematDec 23, 2023
Lisiting DateDec 27, 2023

RBZ Jewellers IPO Lot Size

Lot Size of this IPO is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹195,000).

CategoryLotsSharesAmount
Retail(Minimum)1150₹15,000
Retail(Maximum)131950₹195,000
S-HNI (Minimum)142100₹210,000
B-HNI (Minimum)6710,050₹1,005,000

RBZ Jewellers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding75%

RBZ Jewellers IPO Review

The company's manufacturing facility in Ahmedabad, spanning an impressive 23,966 sq. ft, signifies its commitment to delivering high-quality products. Noteworthy major customers include Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited, and others, reflecting the company's strong industry relationships.

RBZ Jewellers Limited's financial performance underscores its growth trajectory, with a 14.69% increase in revenue and a remarkable 55.03% surge in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. Key financial indicators, such as a Price-to-Earnings (P/E) ratio of 13.77, a Market Cap of ₹400 Crores, Return on Equity (ROE) and Return on Capital Employed (ROCE) both standing at 27.49%, Debt/Equity ratio of 1.02, Earnings Per Share (EPS) at ₹7.44, and Return on Net Worth (RoNW) of 20.08%, provide valuable insights for potential investors.

A comprehensive IPO review would delve into RBZ Jewellers Limited's competitive positioning, growth strategies, and the effective utilization of funds from the IPO. Investors considering participation in the IPO would benefit from a detailed analysis of the company's market standing, customer base, and its strategic approach to navigate the dynamic jewellery industry.

RBZ Jewellers IPO Subscription Status (Bidding Details)

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RBZ Jewellers IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

RBZ Jewellers IPO FAQs

What is RBZ Jewellers IPO?

RBZ Jewellers is issuing 10,000,000 equity shares with a face value of ₹10 each, totaling up to ₹100.00 Cr. The shares are being offered at a price of ₹95 to ₹100 each, with a minimum order quantity of 150 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When RBZ Jewellers IPO will open?

RBZ Jewellers will open on December 19 , 2023 for QIB, NII, and Retail Investors.

When RBZ Jewellers IPO will end?

RBZ Jewellers will end on December 21, 2023.

What is RBZ Jewellers IPO Size?

RBZ Jewellers IPO size is ₹100.00 Cr.

What is RBZ Jewellers IPO Price Band?

RBZ Jewellers price band is ₹95 to ₹100 per share.

What is the RBZ Jewellers IPO Allotment Date?

RBZ Jewellers allotment date is December 22, 2023.

What is the RBZ Jewellers IPO Listing Date?

RBZ Jewellers listing date is December 27, 2023. The IPO is to be listed on BSE and NSE.

How to Apply RBZ Jewellers IPO through Zerodha?

To apply for the IPO “RBZ Jewellers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply RBZ Jewellers IPO through Upstox?

To apply for the IPO “RBZ Jewellers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check RBZ Jewellers IPO Allotment Status?

For RBZ Jewellers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is RBZ Jewellers IPO GMP?

You can check out here: RBZ Jewellers IPO GMP

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