The RBZ Jewellers IPO started on December 19, 2023, and ended on December 21, 2023. Shares were allocated on December 22, 2023, and refund processes began on December 26, 2023. On December 26, 2023, the shares were credited to investors demat accounts. RBZ Jewellers was officially listed on the stock exchange on December 27, 2023.
During the IPO, RBZ Jewellers offered shares at a price range of ₹95 to ₹100 per share, and the lot size was 150 shares. The total issue size was ₹100 crores, with ₹100 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
RBZ Jewellers IPO Subscription Update Video
RBZ Jewellers IPO Subscription Status
The RBZ Jewellers IPO on December 20, 2023 was subscribed 7.25 times, with the retail category being subscribed 13.35 times, the NII (Non-Institutional Investor) category being subscribed 3.50 times, the QIB (Qualified-Institutional Buyers) category being subscribed 0.05 times.
| Category | Subscription |
| QIB | 0.05x |
| NII | 3.50x |
| Retail | 13.35x |
| Total | 7.25x |
RBZ IPO Basic Details
| Company Name | RBZ Jewellers Limited |
| Domain of Company | Jewelry Company |
| RBZ Jewellers IPO Open Date | December 19, 2023 |
| RBZ Jewellers IPO Close Date | December 21, 2023 |
| RBZ Jewellers IPO Allotment Date | December 22, 2023 |
| RBZ Jewellers IPO Listing Date | December 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Issue Size | 10,000,000 shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Fresh Issue | 10,000,000 shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri |
About RBZ Jewellers Limited
RBZ Jewellers Limited started in April 2008 and makes beautiful gold jewelry with antique designs. They create a variety of antique gold jewelry, including jadau, meena, and kundan work. They sell these pieces both wholesale and retail.
The wholesale customers of RBZ Jewellers are well-known family jewelers from 19 states and 72 cities across India.
RBZ Jewellers Limited has a retail showroom called “Harit Zaveri,” and it’s a popular choice in Ahmedabad.
Their manufacturing facility in Ahmedabad, Gujarat, is equipped to design and make gold jewelry all in one place. The facility is pretty big, covering 23,966 sq. ft and is owned by RBZ Jewellers. They can accommodate up to 250 artisans and have 185 salespeople.
In the fiscal year 2023, some of their major customers are Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited, and others.
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RBZ Jewellers IPO FAQs
What is the start and end date of RBZ Jewellers IPO Subscription?
The RBZ Jewellers IPO started on December 19, 2023, and ended on December 21, 2023.
When does RBZ Jewellers IPO Subscription open?
The RBZ Jewellers IPO open on December 19, 2023.
When does RBZ Jewellers IPO Subscription close?
The RBZ Jewellers IPO Close on December 21, 2023.
What is the allotment date of RBZ Jewellers IPO?
The allotment date for RBZ Jewellers IPO is December 22, 2023.
When is the initial refund date of RBZ Jewellers IPO?
The initial Refund date for RBZ Jewellers IPO is December 26, 2023.
When were the shares credited to investors demat accounts for the RBZ Jewellers IPO?
The shares for the RBZ Jewellers IPO were credited to investors demat accounts on December 26, 2023.
When will RBZ Jewellers IPO be listed on the stock market?
RBZ Jewellers IPO stock market will be listed on December 27, 2023 at 10 am.
What was the price range of the RBZ Jewellers IPO shares?
The RBZ Jewellers IPO shares were offered at a price range of ₹95 to ₹100 per share.
What was the lot size for the RBZ Jewellers IPO shares?
The lot size for the RBZ Jewellers IPO shares was 150 shares.
What was the total issue size of the RBZ Jewellers IPO?
The total issue size of the RBZ Jewellers IPO was ₹100 crores.
How were the shares allocated among different types of investors for the RBZ Jewellers IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the RBZ Jewellers IPO listed?
The RBZ Jewellers IPO was listed on both the NSE and BSE.
What is the RBZ Jewellers IPO Subscription Status?
RBZ Jewellers IPO is subscribed Times.
