RBZ Jewellers IPO Overview: RBZ Jewellers is set to make its debut on the stock market with its Initial Public Offering (IPO) scheduled to open on December 19 and conclude on December 21. The company aims to raise approximately ₹100 crores through the IPO, comprising a fresh issue of ₹100 crores and an offer for sale up to NIL at ₹10 each. The IPO distribution includes a 35% allocation for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
With over 15 years of expertise, RBZ Jewellers is a prominent player in the organized gold jewelry manufacturing sector in India. Specializing in Antique Gold Jewellery, the company designs and produces a diverse range that includes jadau, Meena, and Kundan work, catering to both wholesale and retail markets. Their wholesale clientele spans across 19 States and 72 cities, encompassing national, regional, and local family jewelers.
Operating a retail showroom under the brand name “Harit Zaveri,” RBZ Jewellers is a key player in Ahmedabad, offering a variety of jewelry for bridal, occasional, and daily wear at different price points. Additionally, the company exports its products to the Middle East region. RBZ Jewellers conducts its manufacturing operations in a state-of-the-art facility in Ahmedabad, Gujarat, equipped with advanced technologies in casting, laser, and 3-D printing. The retail showroom, located in a prominent area of Ahmedabad, covers 11,667 sq. ft., with 10,417 sq. ft. owned by the company and 1,250 sq. ft. on a lease basis.
In summary, RBZ Jewellers is poised to bring its rich history, craftsmanship, and diversified offerings to the stock market, showcasing its strength in both wholesale and retail segments of the gold jewelry industry.
Purpose of the Offering:
- Supporting the day-to-day financial needs of the company.
- Covering various operational expenses and corporate needs.
RBZ Jewellers IPO Review (Apply or Not)
- May Apply with Caution
Brokerage Firm IPO Review
- Swastika Investmart: May apply
RBZ Jewellers IPO: Information on Date and Price Band.
| IPO Open: | 19-December-2023 |
| IPO Close: | 21-December-2023 |
| IPO Size: | Approx ₹100 Crores |
| Fresh Issue: | Approx ₹100 Crores |
| Offer for Sale: | Approx NIL |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 to ₹100 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for RBZ Jewellers IPO:
The minimum market lot for the RBZ Jewellers IPO is 150 shares, requiring a ₹15,000 application amount. Retail investors have the opportunity to apply for up to 13 lots, equivalent to [.] shares or ₹[.] in value.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 150 | ₹15,000 |
| Retail Maximum | 13 | 1,950 | ₹195,000 |
| S-HNI Minimum | 14 | 2,100 | ₹210,000 |
| B-HNI Minimum | 67 | 10,050 | ₹1,005,000 |
RBZ Jewellers IPO: Allotment and Listing Dates.
RBZ Jewellers is set to hit the market with its IPO opening on December 19 and closing on December 21. The allotment results for the RBZ Jewellers IPO will be announced on December 22, with the anticipated listing date on December 27.
| Anchor Investors Allotment: | 18-December-2023 |
| IPO Open Date: | 19-December-2023 |
| IPO Close Date: | 21-December-2023 |
| Basis of Allotment: | 22-December-2023 |
| Refunds: | 26-December-2023 |
| Credit to Demat Account: | 26-December-2023 |
| IPO Listing Date: | 27-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for RBZ Jewellers IPO
To participate in the RBZ Jewellers IPO, you have a couple of convenient options. One way is through ASBA (Application Supported by Blocked Amount) available in your bank account. Simply log in to your online bank account, navigate to the Invest section, and choose RBZ Jewellers IPO for application.
Alternatively, you can opt for IPO forms, which can be downloaded from NSE and BSE. Access the RBZ Jewellers forms by clicking on BSE Forms & NSE Forms for blank IPO forms. Download, complete the forms, and submit them either at your bank or through your broker. Choose the method that suits you best to be a part of the RBZ Jewellers IPO.
RBZ Jewellers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹107.71 | ₹94.33 | ₹9.75 |
| 2022 | ₹252.53 | ₹232.91 | ₹14.41 |
| 2023 | ₹289.63 | ₹259.86 | ₹22.33 |
RBZ Jewellers IPO Valuation – FY2023
Check RBZ Jewellers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.44 per Equity Share |
| Price/Earning P/E Ratio for Industry: | 61.89 Average |
| Return on Net Worth (RoNW): | 24.15% |
| Net Asset Value (NAV): | ₹30.82 per Equity Share |
Peer Group
- Thangamayil Jewellery Ltd
- D P Abhushan Limited
- Titan Company Limited
- Ashapuri Gold Ornament Limited
- Sky Gold Limited
Company Promoters
- Rajendrakumar Kantilal Zaveri
- Harit Rajendrakumar Zaveri
RBZ Jewellers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/
RBZ Jewellers IPO Allotment Status Check
Check RBZ Jewellers IPO allotment status on Bigshare Services website allotment URL. Click Here
RBZ Jewellers IPO Lead Managers aka Merchant Bankers
- Arihant Capital Markets Ltd
Company Address
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/
RBZ Jewellers IPO FAQs
When is the RBZ Jewellers IPO opening?
The RBZ Jewellers IPO is scheduled to open on December 19.
What is the closing date for RBZ Jewellers IPO?
The RBZ Jewellers IPO will close on December 21.
When will the RBZ Jewellers IPO allotment be finalized?
The allotment results for the RBZ Jewellers IPO will be announced on December 22.
When is the expected listing date for RBZ Jewellers IPO?
The RBZ Jewellers IPO is expected to be listed on December 27.
What is the minimum market lot for RBZ Jewellers IPO?
The minimum market lot for the RBZ Jewellers IPO is 150 shares.
What is the application amount for RBZ Jewellers IPO?
The application amount for RBZ Jewellers IPO is ₹15,000.
How can retail investors apply for RBZ Jewellers IPO?
Retail investors can apply for RBZ Jewellers IPO through ASBA in their bank accounts online. Alternatively, they can download IPO forms from NSE and BSE, fill them, and submit them at their bank or with their broker.
What are the allocation percentages for retail, QIB, and HNI in RBZ Jewellers IPO?
The allocation percentages for RBZ Jewellers IPO are 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
