RBZ Jewellers IPO Details ( RBZ Jewellers Limited IPO Review )
(19 Dec 2023 – 21 Dec 2023)
RBZ Jewellers Limited, founded in April 2008, is an Indian company that specializes in making beautiful antique gold jewelry. We create a variety of designs, including jadau, meena, and kundan work, and sell them both wholesale and retail.
Our wholesale customers are well-known family jewelers across 19 states and 72 cities in India. We’re proud to serve a wide range of customers, from local to national, with our unique antique gold jewelry.
You can also find our jewelry in our retail showroom, which operates under the name “Harit Zaveri.” We’re a prominent player in Ahmedabad, making our mark in the local jewelry scene.
Our manufacturing facility in Ahmedabad, Gujarat, is where the magic happens. With a permitted capacity for 250 artisans, we’re able to design and create gold jewelry all under one roof. The facility covers an area of 23,966 sq. ft and is owned by RBZ Jewellers.
In terms of workforce, we have 185 sales personnel dedicated to providing excellent service to our customers.
For FY23, our major customers by volume include Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited, and others. We’re committed to delivering quality and craftsmanship to our valued customers.
RBZ Jewellers Limited IPO Competitive Strength
- Organised manufacturing setup under one roof
- Client Mix and geographical spread
- Design and Innovation in our product range
- Brand built on the core values of trust, transparency and innovation
- Established systems and procedure to mitigate risk
- Experienced Promoters with young leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors
RBZ Jewellers IPO Financials Performance ( Results )
RBZ Jewellers Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 123.74 | 289.63 | 9.75 | 3.12 | 55.55 | 51.19 | 54.90 |
| 31-Mar-22 | 154.03 | 252.53 | 14.41 | 4.80 | 70.03 | 65.60 | 59.71 |
| 31-Mar-23 | 206.84 | 289.63 | 22.33 | 7.44 | 92.47 | 61.93 | 95.79 |
| 30-Sep-23 | 234.76 | 125.52 | 12.09 | 4.03 | 104.57 | 74.02 | 101.84 |
Objective of RBZ Jewellers IPO Issue
- Funding working capital requirements of the Company
- General Corporate Purposes
RBZ Jewellers IPO Basic Details
| IPO Date | Dec 19, 2023 to Dec 21, 2023 |
| Listing Date | Wednesday, 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 |
| Share holding pre issue | 30,000,000 |
| Share holding post issue | 40,000,000 |
| Company Promoters | Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri |
RBZ Jewellers IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
RBZ IPO Timetable
RBZ IPO will open on December 19, 2023 and close on December 21, 2023. You can join RBZ IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 December 2023 (Tuesday) |
| Closing Date | 21 December 2023 (Thursday) |
| Basis of Allotment | 22 December 2023 (Friday) |
| Initiation of Refunds | 26 December 2023 (Tuesday) |
| Credit of Shares to Demat | 26 December 2023 (Tuesday) |
| Listing Date | 27 December 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 21 December 2023 |
RBZ IPO Lot Size
For retail investors in RBZ IPO, 150 shares will come in 1 lot or the minimum investment will be ₹15,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹195,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹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 Promoter Holding
The company’s promoters include Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
RBZ Jewellers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 400 |
| Earning Per Share (EPS) | ₹7.44 per Equity Share |
| Net Asset Value (NAV) | ₹30.82 per Equity Share |
| P/E Ratio (P/E) (x) | 13.77 |
| Return on Net Worth (RoNW) (%) | 20.08 |
| Return on equity (ROE) (%) | 27.49 |
| Return on Capital Employed (ROCE) (%) | 27.49 |
| Debt/Equity Ratio | 1.02 |
RBZ Jewellers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 20 December 2023 | ₹30 | – | – |
| 19 December 2023 | ₹30 | – | – |
| 18 December 2023 | ₹0 | – | – |
| 17 December 2023 | ₹0 | – | – |
RBZ Jewellers IPO Detail Video:
RBZ Jewellers IPO Subscription Status (Bidding Detail)
The RBZ Jewellers IPO on December 21, 2023 at 7:30:00 PM was subscribed 16.86 times, with the retail category being subscribed 24.74 times, the NII (Non-Institutional Investor) category being subscribed 9.27 times, QIB (Qualified-Institutional Buyers) category being subscribed 13.43 times.
| Category | Subscription |
| QIB | 13.43x |
| NII | 9.27x |
| Retail | 24.74x |
| Total | 16.86x |
RBZ Jewellers IPO Prospectus
| RBZ Jewellers IPO DRHP | Download |
| RBZ Jewellers IPO RHP | Download |
| RBZ Jewellers IPO Anchor Investors Details PDF | Download |
RBZ Jewellers IPO Rating
| Our Rating | 3.0/5.0 |
RBZ Jewellers Company Contact Information
RBZ Jewellers Limited
Registered and Corporate Office: Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway, Beside Iscon Mall, Ahmedabad, Gujarat-380054, India
Contact Person: Heli Akash Garala, Company Secretary and Compliance Officer
Tel: +91- 79-69135737
Email: cs@rbzjewellers.com
Website: www.rbzjewellers.com
Corporate Identity Number: U36910GJ2008PLC053586
Our Promoters: Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri
RBZ Jewellers IPO Registrar
Bigshare Services Private Limited
Registered office: S6-2, 6th floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai- 400093
Telephone: +91-22-62638200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal
SEBI Registration No.: INR000001385
RBZ Jewellers IPO Lead Manager
Arihant Capital Markets Limited
Registered office: Building No. 10, Solitaire Corporate Park, Guru Hargovindji Road,
Chakala Andheri (East), Mumbai – 400 093.
Telephone: +91-22-4225 4800
Email: mbd@arihantcapital.com
Investor grievance email: rbzipo@arihantcapital.com
Website: www.arihantcapital.com
Contact Person: Amol Kshirsagar / Satish Kumar Padmanabhan
SEBI Registration No.: INM000011070
RBZ Jewellers IPO FAQs
What is the lot size of RBZ Jewellers IPO?
The total size of RBZ Jewellers IPO is ₹100.00 crores and this is a complete fresh Issue.
When will RBZ Jewellers IPO start?
RBZ Jewellers IPO will open from 19 December 2023 and IPO will close on 21 December 2023.
What is the open date of RBZ Jewellers IPO?
RBZ Jewellers IPO will open date from 19 December 2023.
What is the last date ( close date ) of RBZ Jewellers IPO?
RBZ Jewellers IPO will close from 21 December 2023.
What is the price band of RBZ Jewellers IPO?
RBZ Jewellers IPO price band is ₹95 to ₹100. ( Upper Price Band: ₹100, Lower Price Band: ₹95 )
What is the minimum amount required to apply for RBZ Jewellers IPO?
The minimum investment for retailers to apply for RBZ Jewellers IPO is ₹15,000 and the maximum investment is ₹195,000.
What is going on gray market premium of RBZ Jewellers IPO?
View gray market premium of RBZ Jewellers IPO by Clicking Here
How much is the GMP of RBZ Jewellers IPO?
Watch RBZ Jewellers IPO GMP Today: Click Here
What is the allotment date of RBZ Jewellers IPO?
The allotment date of RBZ Jewellers IPO is 22 December 2023.
How to check allotment status in RBZ Jewellers IPO?
To check the allotment status of RBZ Jewellers IPO, first of all go to the registrar website by clicking here, select your bad RBZ Jewellers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of RBZ Jewellers IPO?
The listing date of RBZ Jewellers IPO is 27 December 2023.
How much will be the listing gain in RBZ Jewellers IPO?
View listing gain of RBZ Jewellers IPO by Clicking Here
How much time RBZ Jewellers IPO is subscribed?
Total 16.86 times subscribed in RBZ Jewellers IPO out of which 24.74 times subscription was done in retail quota, 9.27 times subscription in NII quota and 214.65 times subscription in QIB quota.
How to apply for RBZ Jewellers IPO from Upstox?
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How to apply for RBZ Jewellers PO from Zerodha?
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How to apply for RBZ Jewellers IPO from Angle One?
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