RBZ Jewellers IPO will open for subscription from 19 December 2023. The company aims for an issue size of ₹100 Cr through this IPO.
Company Overview
| Full name | RBZ Jewellers Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://rbzjewellers.com/ |
About Company
Established in 2008, RBZ Jewellers has emerged as a prominent organized gold jewelry manufacturer in India. The company specializes in the production of Antique Gold Jewellery, supplying its distinctive creations to well-established retailers across the nation and key regional players in the Indian market. RBZ Jewellers design and manufacture 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 a work basis to national retailers. The customer base in wholesale business includes reputed national, regional, and local family jewelers spread across 19 States and 72 cities within India.
The company also operates its retail showroom under the brand name ‘Harit Zaveri’ and is a leading player in Ahmedabad. The company started its journey with a workforce of only eight persons and it has over some time, increased the workforce to 185 employees. It also has a permitted capacity of 250 artisans for the manufacturing facility.
The Objectives of the Issue
- Funding working capital requirements of the Company
- General Corporate Purposes
RBZ Jewellers IPO Timetable
| IPO Opening date | 19 December 2023 |
| IPO Closing | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation Refund | 26 December 2023 |
| Credit to Demat Account | 26 December 2023 |
| Listing Date | 27 December 2023 |
RBZ Jewellers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹100 Cr – 10,000,000 shares |
| Fresh Issue | ₹100 Cr – 10,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot size | 150 Shares |
| Shareholding pre-issue | 30,000,000 |
| Shareholding post-issue | 40,000,000 |
| Listing Exchange | BSE & NSE |
RBZ Jewellers IPO Lot Size
| 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 |
RBZ Jewellers IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
RBZ Jewellers Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 106.99 | 252.11 | 287.93 | 125.46 |
| Expenses | 94.33 | 232.91 | 259.86 | 109.28 |
| Net income | 9.75 | 14.41 | 22.33 | 12.09 |
| Margin (%) | 9.11 | 5.72 | 7.76 | 9.64 |
RBZ Jewellers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.12 | 4.80 | 7.44 |
| PE ratio | – | – | 12.77 – 13.44 |
| RONW (%) | 17.55 | 20.57 | 24.15 |
| NAV | – | – | 30.82 |
| ROCE (%) | 16.82 | 19.06 | 20.08 |
| EBITDA (%) | 19.78 | 10.79 | 13.71 |
| Debt/Equity | 0.97 | 0.84 | 1.02 |
Company Promoters
- Rajendrakumar Kantilal Zaveri
- Harit Rajendrakumar Zaveri
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
RBZ Jewellers Lead Manager(s)
ARIHANT CAPITAL MARKETS LIMITED
1011 Building No. 10, Solitaire Corporate Park,
Guru Hargovindji Road, Chakala, Andheri (E), Mumbai – 400 093
Phone: 022-42254800
Email: mbd@arihantcapital.com
Website: www.arihantcapital.com
RBZ Jewellers Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
RBZ Jewellers Contact Details
RBZ JEWELLERS LIMITED
Block-D, Mondeal Retail Park, Near Rajpath Club,
S.G. Highway, Beside Iscon Mall, Ahmedabad, Gujarat-380054
Phone: +91- 79-29915740
Email: cs@rbzjewellers.com
Website: www.rbzjewellers.com
RBZ Jewellers IPO Allotment Status
RBZ Jewellers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
RBZ Jewellers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
