RBZ Jewellers Limited IPO : Key Highlights

RBZ Jewellers Limited IPO is set to launch on 19 December, 2023. The company initiated its business operations in the year 2008. It is a jewellery chain in India and a special manufacturer of unique designs in gold jewellery. The product portfolio of the company includes Kundan, Meena, Jadau etc. It has currently expanded itself to more than 19 states in 72 cities. It also has another brand name for retail stores under the name Harit Zaveri. The manufacturing facility employs 250 artisans and 185 salesmen. This is located in Ahmedabad, Gujarat and has an area of nearly 23966 Sq. Ft. Its customers include Malabar Gold India Limited, Joyalukkas India Limited, Titan Company Limited, Hazoorilal Jewellers Private Limited, Senco Gold Limited etc.

RBZ Jewellers Limited IPO DETAILS

RBZ Jewellers Limited IPO is set to launch on 19 December, 2023. The subscription timeline extends till 21 December, 2023. The size for the IPO is 100 Crore Rs. Shares issued through fresh issue mode are worth Rs 100 Crore. No shares are issued through offer for sale mode. The lot size is 150 shares and the price is 95 Rs to 100 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of RBZ Jewellers Limited IPO

IPO OPENING DATE	19 December, 2023
CLOSING DATE FOR IPO	21 December, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	95 Rs. to 100 Rs. per share
LOT SIZE	150 shares
MINIMUM ORDER QUANTITY	150 shares
ISSUE SIZE	100 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	100 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	27 December, 2023

RBZ Jewellers Limited IPO : IMPORTANT DATES

IPO OPENING DATE	19 December, 2023
CLOSING DATE FOR IPO	21 December, 2023
IPO ALLOTMENT DATE	22 December, 2023
REFUNDS	26 December, 2023
DEMAT A/C CREDITED ON	26 December, 2023
IPO LISTING DATE	27 December, 2023

RBZ Jewellers Limited IPO begins for subscription from 19 December, 2023. The IPO subscription would continue till 21 December, 2023. The allotment status for the shareholders who applied would come on 22 December, 2023. The refunds for the ones who did not get allotment would be initiated on 26 December, 2023. The DEMAT accounts of shareholders would be credited on 26 December, 2023. The listing of the company would be completed on 27 December, 2023.

RBZ Jewellers Limited IPO : Lead Managers

The lead managers are :

• Arihant Capital Markets Limited

The minimum lot size for the company is decided at 150 shares. This holding accounts to 15000 Rs.. The maximum lot size is decided at 1950 shares. This amounts to 195000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	150 shares	15000 Rs.
Maximum	1950 shares	195000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	123	154	206
Revenue	289	252	289
PAT	9	14	22

RBZ Jewellers Limited had an asset base of 123 Crore Rs in 2021 which increased to 154 Crore Rs in 2022 and 206 Crore Rs in 2023. The revenue of the firm was 289 Crore Rs in 201 and it went down to 252 Crore Rs in 2022. However in the year 2023 the revenue of the firm again came back to 289 Crore Rs. The profit of the firm was 9 Crore Rs in 2021, 14 Crore Rs in 2022 and 22 Crore Rs in 2023.

PROS

• The product portfolio of the company includes Kundan, Meena, Jadau etc.
• It has currently expanded itself to more than 19 states in 72 cities.
• It also has another brand name for retail stores under the name Harit Zaveri.
• The manufacturing facility employs 250 artisans and 185 salesmen. This is located in Ahmedabad, Gujarat and has an area of nearly 23966 Sq. Ft.
• Its customers include Malabar Gold India Limited, Joyalukkas India Limited, Titan Company Limited, Hazoorilal Jewellers Private Limited, Senco Gold Limited etc.

CONS

• The company works in a highly competitive segment.

RBZ Jewellers Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the RBZ Jewellers Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.