RBZ Jewellers Limited IPO Detail
Incorporated in April 2008, RBZ Jewellers Limited is an India-based gold jewelry manufacturer specializing in creating antique designs. The company designs and manufactures a wide range of Antique Gold Jewellery which consists of jadau, Meena, and Kundan work, and sells it on a wholesale and retail basis.
The company's customer base in wholesale business includes reputed national, regional, and local family jewelers spread across 19 States and 72 cities within India.
RBZ Jewellers Limited also operates its retail showroom under the brand name "Harit Zaveri" and is a leading player in Ahmedabad.
The manufacturing facility has a permitted capacity of 250 artisans and employs 185 salespeople.
RBZ Jewellers Limited's manufacturing facility in Ahmedabad, Gujarat, can design and manufacture gold jewelry under one roof. The manufacturing facility has an area measuring 23,966 sq. ft and is owned by RBZ Jewellers.
The company's key customers for FY23 based on volume are Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited and more.
Company Promoters
Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar ZaveriIPO Details
| IPO Opening Date | Dec 19, 2023 |
| IPO Closing Date | Dec 21, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 100 per equity share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹100 Cr |
| Fresh Issue | ₹100 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.71x | 4.57x | 2.30x |
| Day 2 | 0.05x | - | - | 3.49x | 13.22x | 7.19x |
| Day 3 | 13.43x | - | - | 9.27x | 24.74x | 16.86x |
IPO Tentative Timetable
The RBZ Jewellers Limited IPO open date is Dec 19, 2023, and the close date is Dec 21, 2023. The issue may list on Dec 27, 2023.
| IPO Open Date | Dec 19, 2023 |
| IPO Close Date | Dec 21, 2023 |
| Basis of Allotment Date | Dec 22, 2023 |
| Initiation of Refunds | Dec 26, 2023 |
| Credit of Shares to Demat Account | Dec 26, 2023 |
| IPO Listing Date | Dec 27, 2023 |
IPO Lot Size
The RBZ Jewellers Limited IPO market lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1950 shares or ₹195000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 150 | ₹15000 |
| Maximum | 13 | 1950 | ₹195000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 123.74 | 289.63 | 9.75 |
| 31-Mar-22 | 154.03 | 252.53 | 14.41 |
| 31-Mar-23 | 206.84 | 289.63 | 22.33 |
Objects of the Issue:
The Net Proceeds are proposed to be used as under
- Funding working capital requirements of the Company
- General Corporate Purposes
RBZ Jewellers Limited IPO Registrar:
Bigshare Services Pvt Ltd
RBZ Jewellers Limited IPO Lead Manager(s):
Arihant Capital Markets Ltd
Company Contact Information:
RBZ Jewellers Limited
Block-D, Mondeal Retail Park, Near Rajpath Club,
S.G. Highway
Beside Iscon Mall, Ahmedabad, 380054
