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RBZ Jewellers IPO is a book built issue of Rs 100.00 crores. The issue is entirely a fresh issue of 1 crore shares.
RBZ Jewellers IPO bidding started from December 19, 2023 and ended on December 21, 2023. The allotment for RBZ Jewellers IPO was finalized on Friday, December 22, 2023. The shares got listed on BSE, NSE on December 27, 2023.
RBZ Jewellers IPO 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.
Arihant Capital Markets Ltd is the book running lead manager of the RBZ Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to RBZ Jewellers IPO RHP for detailed information.
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | 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 |
RBZ Jewellers IPO offers 10,000,000 shares. 1,400,000 (14.00%) to QIB, 3,000,000 (30.00%) to NII, 3,500,000 (35.00%) to RII and 2,100,000 (21.00%) to Anchor investors. 23,333 RIIs will receive minimum 150 shares and 476 (sNII) and 952 (bNII) will receive minimum 2,100 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,100,000 (21.00%) | NA |
| QIB Shares Offered | 1,400,000 (14.00%) | NA |
| NII (HNI) Shares Offered | 3,000,000 (30.00%) | |
| bNII > ₹10L | 2,000,000 (20.00%) | 952 |
| sNII < ₹10L | 1,000,000 (10.00%) | 476 |
| Retail Shares Offered | 3,500,000 (35.00%) | 23,333 |
| Total Shares Offered | 10,000,000 (100%) |
RBZ Jewellers IPO raises Rs 21.00 crore from anchor investors. RBZ Jewellers IPO Anchor bid date is December 18, 2023. RBZ Jewellers IPO Anchor Investors list
| Bid Date | December 18, 2023 |
| Shares Offered | 2,100,000 |
| Anchor Portion Size (In Cr.) | 21.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 21, 2024 |
RBZ Jewellers IPO opens on December 19, 2023, and closes on December 21, 2023.
| 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 |
Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹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 |
| Lot Size Calculator | |||
The promoters of the company are Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75% |
Incorporated in April 2008, RBZ Jewellers Limited is an India-based gold jewellery manufacturer specialising in the creation of antique designs. The company designs and manufactures a wide range of antique gold jewellery consisting of jadau, meena and kundan work and sells it on wholesale and retail basis.
The company's wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in 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 sales personnel.
RBZ Jewellers Limited's manufacturing facility in Ahmedabad, Gujarat can design and manufacture gold jewellery under one roof. The manufacturing facility has an area of 23,966 sq. ft and is owned by RBZ Jewellers.
The company's major customers by volume in FY23 are Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited and others.
RBZ Jewellers Limited's revenue increased by 14.69% and profit after tax (PAT) rose by 55.03% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 234.76 | 206.84 | 154.03 | 123.74 |
| Revenue | 125.52 | 289.63 | 252.53 | 107.71 |
| Profit After Tax | 12.09 | 22.33 | 14.41 | 9.75 |
| Net Worth | 104.57 | 92.47 | 70.03 | 55.55 |
| Reserves and Surplus | 74.02 | 61.93 | 65.60 | 51.19 |
| Total Borrowing | 101.84 | 95.79 | 59.71 | 54.90 |
| Amount in ₹ Crore | ||||
The market capitalization of RBZ Jewellers IPO is Rs 400 Cr.
| KPI | Values |
|---|---|
| ROE | 27.49% |
| ROCE | 27.49% |
| Debt/Equity | 1.02 |
| RoNW | 20.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.44 | |
| P/E (x) | 13.77 | 16.53 |
The Net Proceeds are proposed to be used as under
[Dilip Davda] The company is a manufacturer as well as marketing of gold jewellery. It has its own show room as well as it supplies to many retailers on Pan-India basis. Its financial track record shows steady growth in its top and bottom lines. Based on FY24 annualized earnings, the issue is reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...
The RBZ Jewellers IPO is subscribed 16.86 times on December 21, 2023 7:02:00 PM. The public issue subscribed 24.74 times in the retail category, 13.43 times in the QIB category, and 9.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 13.43 |
| NII | 9.27 |
| bNII (bids above ₹10L) | 6.79 |
| sNII (bids below ₹10L) | 14.21 |
| Retail | 24.74 |
| Total | 16.86 |
Total Application : 508,034 (21.77 times)
| Listing Date | December 27, 2023 |
| BSE Script Code | 544060 |
| NSE Symbol | RBZJEWEL |
| ISIN | INE0PEQ01016 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹100.00 |
| ₹100.00 |
| ₹95.00 |
| ₹104.99 |
| ₹104.99 |
| NSE |
|---|
| ₹100.00 |
| ₹100.00 |
| ₹96.00 |
| ₹105.00 |
| ₹105.00 |
RBZ Jewellers Limited
Block-D, Mondeal Retail Park, Near Rajpath Club,
S.G. Highway
Beside Iscon Mall, Ahmedabad, 380054
Phone: +91-79-29915740
Email: cs@rbzjewellers.com
Website: https://rbzjewellers.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
RBZ Jewellers IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹100.00 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 150 Shares.
The IPO opens on December 19, 2023, and closes on December 21, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RBZ Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in RBZ Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RBZ Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RBZ Jewellers IPO opens on December 19, 2023 and closes on December 21, 2023.
RBZ Jewellers IPO lot size is 150 Shares, and the minimum amount required is ₹15,000.
You can apply in RBZ Jewellers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for RBZ Jewellers IPO will be done on Friday, December 22, 2023, and the allotted shares will be credited to your demat account by Tuesday, December 26, 2023. Check the RBZ Jewellers IPO allotment status.
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