RBZ Jewellers Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

RBZ Jewellers Ltd IPO

RBZ Jewellers Limited is one of the leading organized manufacturers of gold jewellery in India, specializing in Antique Gold Jewellery. The Company designs and manufactures a wide range of Antique Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. It also processes and supplies Antique Gold Jewellery on job work basis to national retailers. The Company also operates its retail showroom under the brand name Harit Zaveri and is a leading player in Ahmedabad. The Company offers jewellery for bridal, occasional and daily wear at various price range in its retail showroom.

RBZ Jewellers Ltd IPO Details

Total Shares Offered

₹ 1,00,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 35,00,000

Pre Issue Promoters Holding

₹ 2,99,91,825

Exchange

BSE

Issue size

₹ 100 Cr

IPO Open Date

Dec 19, 2023

Close Date

Dec 21, 2023

Lot Size

150

Min Investment

₹ 14,250

Issue Type

Book Building

Listing Date

Dec 27, 2023

RBZ Jewellers Ltd IPO Dates

Dec 19, 2023

Opening date

Dec 21, 2023

Closing date

Dec 22, 2023

Basis of Allotment

Dec 26, 2023

Initiation of Refunds

Dec 26, 2023

Credit of Shares

Dec 27, 2023

Listing date

Details

Sector	Type
Sector	Diamond Cutting
Sub Sector	Jewellery
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	3500000
NII	0x	3000000
Retail	0x	3500000
Employee	0x	0
Total	0x	10000000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3500000

3000000

3500000

10000000

RBZ Jewellers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	55.35	30.99	31.14
EBITDA	58.19	32.36	32.51
PAT	38.80	21.57	22.33
Total Assets	316.93	256.33	180.75
Share Capital	40.00	40.00	30.00
Total Borrowings	91.45	74.14	94.03
Operating Activities (Net Cash)	41.64	22.94	23.70
Investing Activities (Net Cash)	-2.55	-2.10	-0.90
Financing Activities (Net Cash)	91.45	74.14	94.03
Net Cashflow	2.69	14.47	7.57

About RBZ Jewellers Ltd

RBZ Jewellers Limited was originally incorporated as RBZ Jewellers Private Limited as a private limited company under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated April 15, 2008 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the Company was converted to a public limited company, pursuant to a special resolution passed by its shareholders on February 25, 2023 and the name of the Company was changed to RBZ Jewellers Limited and a fresh certificate of incorporation bearing U36910GJ2008PLC053586 dated March 20, 2023 was issued to the Company by the Registrar of Companies, Ahmedabad.

The Company operates in the gems and jewellery industry on a wholesale, retail and job work basis. The said industry mainly consists of gold jewellery along with silver, studded and other jewellery, offering multiple products such as bangles, chains, necklaces, rings, earring etc. Gold jewellery is further segmented into bridal wear and daily and fashion wear. The industry, though has been highly fragmented and dominated by unorganised firms, is gradually witnessing a transformation to an organized industry. The long-term demand prospects for the sector are supported by growing working population, higher disposable income, easier access to credit and improving standard of living.

Peer Comparison:

Kalyan Jewellers India Ltd
Senco Gold Ltd
Thangamayil Jewellery Ltd
Titan Company Ltd
Ashapuri Gold Ornament Ltd
Sky Gold Ltd

RBZ Jewellers Ltd Key Points

Strengths

Organised manufacturing setup under one roof.

Client mix and geographical spread enhancing understanding of customer preference and emerging trends;

Design and Innovation in its product range.

Brand built on the core values of trust, transparency and innovation.

Effective operations and internal control to achieve efficiency and reduce risks;

Risk

The strength of the company's brand is crucial to the success and its may not succeed in continuing to maintain and develop of the brand.

The Company requires significant amount of working capital for continued growth. Its inability to meet the working capital requirements, on commercially acceptable terms, may have an adverse impact on the business, financial condition and results of operations.

The company's inability to respond to changes in demands and market trends in a timely manner and failure to expand of the product offering in a diversified manner may have an adverse effect on its business, results of operations and financial condition.

Strategy

Deepen and penetrate its existing customer relationships and continue to expand geographically.

Increase its production and enhance its product portfolio.

Continue to invest in its marketing and brand building initiatives.

Strengthen its Inventory Management practices.

Leverage technology to grow.

How To Apply for RBZ Jewellers Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the RBZ Jewellers Ltd IPO?

RBZ Jewellers Ltd's IPO offers shares for up to 100 It begins on Dec 19, 2023 and ends on Dec 21, 2023.

What is the price of the RBZ Jewellers Ltd IPO?

The price of RBZ Jewellers Ltd IPO ranges between ₹95 to ₹100 per share.

What are the open and close dates for the RBZ Jewellers Ltd IPO?

The RBZ Jewellers Ltd IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.

When will the RBZ Jewellers Ltd IPO be allotted?

The allotment for the RBZ Jewellers Ltd IPO will be finalised on Dec 22, 2023. The shares will be listed on BSE and NSE on Dec 27, 2023.

What is the minimum lot size required for RBZ Jewellers Ltd IPO?

The minimum lot size for RBZ Jewellers Ltd IPO is 150 shares, priced between ₹95 to ₹100 per share.

What is the GMP of RBZ Jewellers Ltd IPO?

The GMP (Grey Market Premium) of RBZ Jewellers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of RBZ Jewellers Ltd IPO?

To check the allotment status of RBZ Jewellers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the RBZ Jewellers Ltd IPO getting listed?

The RBZ Jewellers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2023, and closes on Dec 21, 2023. The allotment is finalised on Dec 22, 2023.

How do you apply for the RBZ Jewellers Ltd IPO?

To apply for the RBZ Jewellers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.