RBZ Jewellers Ltd IPO
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RBZ Jewellers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 100 L | TBA | ₹ 35 L | ₹ 299.92 L | BSE | ₹ 100 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Dec, 23 | 21 Dec, 23 | 150 | ₹ 14,250 | Book Building | 27 Dec, 23 |
RBZ Jewellers Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 5.37x | 3500000 | 18797250 |
| NII | 9.27x | 3000000 | 27796950 |
| Retail | 24.74x | 3500000 | 86592750 |
| Employee | 0x | 0 | 0 |
| Total | 13.32x | 10000000 | 133186950 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
RBZ Jewellers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 30.99 | 31.14 | 21.02 |
| EBITDA | 32.36 | 32.51 | 22.42 |
| PAT | 21.57 | 22.33 | 14.41 |
| Total Assets | 256.35 | 180.75 | 137.32 |
| Share Capital | 40.00 | 30.00 | 4.00 |
| Total Borrowings | 74.16 | 94.03 | 54.80 |
| Operating Activities (Net Cash) | 22.94 | 23.70 | 15.81 |
| Investing Activities (Net Cash) | -2.10 | -0.90 | -0.79 |
| Financing Activities (Net Cash) | 74.16 | 94.03 | 54.80 |
| Net Cashflow | 14.47 | 7.57 | 1.66 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
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 IPO 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.
- 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;
How To Apply for RBZ Jewellers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.