The RBZ Jewellers IPO date has been confirmed from December 19, 2023 and closes on December 21, 2023.
Using an IPO, RBZ Jewellers is seeking to raise Rs 100.00 crore. Its price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹210,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹1,005,000.
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Bidding Dates
December 19-21
Price Range
₹95 to ₹100 per share
Face Value
₹10 per share
GMP
₹35
RBZ Jewellers IPO GMP
The RBZ Jewellers Limited IPO GMP is ₹35.
IPO Overview
The RBZ Jewellers IPO is a book-built issue worth Rs 100.00 crores. The 1 crore share offering is entirely new. The RBZ Jewellers IPO starts for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the RBZ Jewellers IPO is planned to be completed on Friday, December 22, 2023. The RBZ Jewellers IPO will be listed on the BSE and NSE on Wednesday, December 27, 2023.
The company also has a retail showroom in Ahmedabad under the brand name ‘Harit Zaveri’ and is a major player in the market. The company began with a workforce of only eight people and has now grown to a workforce of 185 personnel. It also features a manufacturing facility with a capacity of 250 artisans.
RBZ Jewellers IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | [.] |
| 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 |
RBZ Jewellers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 106.99 | 252.11 | 287.93 |
| Expenses | 94.33 | 232.91 | 259.86 |
| Net income | 9.75 | 14.41 | 22.33 |
| Margin (%) | 9.11 | 5.72 | 7.76 |
RBZ Jewellers IPO Dates & Listing Performance
| 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 |
Company Profile
RBZ Jewellers Limited, founded in April 2008, is an India-based gold jewellery maker focusing in the creation of antique designs. The company creates and manufactures a wide range of ancient gold jewellery with jadau, meena, and kundan work, which it offers wholesale and retail. The wholesale customer base of the company includes reputable national, regional, and local family jewellers from 19 states and 72 cities in India. The production facility of RBZ Jewellers Limited in Ahmedabad, Gujarat, can design and manufacture gold jewellery under one roof. RBZ
Jewellers owns the manufacturing plant, which is 23,966 square feet in size.
Registrar Info
| Name | BIGSHARE SERVICES PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | bigshareonline.com |
Contact Details
| Name | RBZ JEWELLERS LIMITED |
| Phone number | +91- 79-29915740 |
| Email ID | cs@rbzjewellers.com |
| Website | rbzjewellers.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
