RBZ Jewellers IPO Price: ₹95 - ₹100
IPO Date Range: Dec 19, 2023 - Dec 21, 2023
Established in April 2008, RBZ Jewellers Limited operates as an Indian-based gold jewelry manufacturer with a distinct expertise in crafting antique designs.
Designing and crafting an extensive array of Antique Gold Jewelry, their collection boasts exquisite jadau, Meena, and Kundan work. Operating on both wholesale and retail fronts, they specialize in processing and delivering Antique Gold Jewelry to national retailers. Additionally, the Company runs its retail showroom known as "Harit Zaveri," establishing itself as a prominent figure in Ahmedabad.
The company's wholesale clientele spans reputable national, regional, and local family jewelers across 19 states and 72 cities in India. Furthermore, they extend their market reach by exporting jewelry to the Middle East region. All manufacturing operations take place at a state-of-the-art facility in Ahmedabad, Gujarat, equipped with advanced casting, laser, and 3-D printing technologies.
With a permitted capacity for 250 artisans, the manufacturing facility employs 185 sales personnel. Situated in Ahmedabad, Gujarat, RBZ Jewellers Limited's manufacturing facility boasts the capability to design and craft gold jewelry under one roof, encompassing an expansive area of 23,966 sq. ft, exclusively owned by the company.
In the fiscal year 2023, major customers by volume for RBZ Jewellers Limited include Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited, among others.
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 shares |
| Total Issue Size | 10,000,000 shares (aggregating up to ₹100.00 Cr) |
| Fresh Issue | 10,000,000 shares (aggregating up to ₹100.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 30,000,000 |
| Share holding post issue | 40,000,000 |
Investors have the option to bid for a minimum of 150 shares and in multiples of that amount. The table below outlines the minimum and maximum investment amounts for both retail investors and HNIs in terms of shares and value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
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Between the financial years ending on March 31, 2023, and March 31, 2022, RBZ Jewellers Limited experienced a revenue growth of 14.69%, while their profit after tax (PAT) surged by 55.03%.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 123.74 | 154.03 | 206.84 | 234.76 |
| Revenue | 289.63 | 252.53 | 289.63 | 125.52 |
| Profit After Tax | 9.75 | 14.41 | 22.23 | 12.09 |
| Net Worth | 55.55 | 70.03 | 92.47 | 104.57 |
| Reserves & Surplus | 51.19 | 65.60 | 61.93 | 74.02 |
| Total Borrowings | 54.90 | 59.71 | 95.79 | 101.84 |
| KPI | Values |
|---|---|
| P/E (x) | 13.77 |
| Market Cap (₹ Cr.) | 400 |
| ROE | 27.49% |
| ROCE | 27.49% |
| Debt/ Equity | 1.02 |
| EPS (Rs) | 7.44 |
| RoNW | 20.08% |
The Net Proceeds are intended for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. RBZ Jewellers IPO DRHP and RBZ Jewellers IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"RBZ Jewellers Limited" IPO is ₹95 to ₹100 per share.
The "RBZ Jewellers Limited" IPO is expected to be listed on Wednesday, 27 December 2023.
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