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 opens for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the RBZ Jewellers IPO is expected to be finalized on Friday, December 22, 2023. RBZ Jewellers IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, 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.
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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
RBZ Jewellers IPO Timeline (Tentative Schedule)
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 |
RBZ Jewellers IPO Lot Size
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 |
RBZ Jewellers IPO Promoter Holding
The promoters of the company are Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75% |
About RBZ Jewellers Limited
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 Financial Information (Restated)
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 | 289.63 |
| 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 |
Key Performance Indicator
RBZ Jewellers IPO Market Cap is Rs 400 Cr and P/E (x) is 13.77.
| 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% |
Check RBZ Jewellers IPO Peer Comparison here.
Objects of the Issue (RBZ Jewellers IPO Objectives)
The Net Proceeds are proposed to be used as under
- Funding working capital requirements of the Company
- General Corporate Purposes
RBZ Jewellers Limited Contact Details
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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html