RBZ Jewellers Ltd IPO: Check IPO Date, Price, Details | Espresso

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RBZ Jewellers Ltd IPO opens on December 19. Check IPO Details Issue Date Price

December 18, 2023
RBZ Jewellers Ltd IPO opens on December 19. Check IPO Details Issue Date Price

RBZ Jewellers Limited is coming out with a fresh public issue to raise Rs 100 crores from the market.

Below are the details of the RBZ Jewellers Limited IPO:

  • Issue opens – December 19 (Tuesday)
  • Issue closes – December 21 (Thursday)
  • Issue size – Rs 100 crores
  • Price band – Rs 95 to 100 per equity share
  • Bid lot – 150 shares and in multiples thereof

And here are some details of the company and further details on the RBZ Jewellers Limited IPO.

Company details:

  • RBZ Jewellers Limited are one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India (Source: Care Edge Report). They hold approximately 1% of total organized wholesale gold jewellery market in India. They have a history of more than fifteen (15) years in the jewellery industry. They design and manufacture a wide range of Antique Bridal Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. They also process and supply Antique Bridal Gold Jewellery on job work basis to national retailers.
  • Their customer base in wholesale business includes reputed national, regional and local family jewellers spread across 20 States and 72 cities within India (Source: Care Edge Report). They also operates its retail showroom under the brand name “Harit Zaveri” and is an established player in Ahmedabad. They offer jewellery for bridal, occasional and daily wear at various price range in their retail showroom. They also export their jewellery to Middle East region. They carry out their manufacturing operations from a well-equipped and modern facility situated at Ahmedabad, Gujarat having advanced technologies in casting, laser and 3-D printing. Their retail showroom is situated in the prominent area of Ahmedabad, Gujarat.
  • They started journey with a work force of only eight (8) persons and they have over a period of time, increased their work force to 189 employees. They  also have permitted capacity of 250 artisans for their manufacturing facility. Their artisans are well trained and skilled craftsmen who help them in manufacturing quality gold jewellery. In order to cater to the ever-increasing demand in the market, they have an established network of external skilled artisans to whom they outsource the work as per the requirement of the Company.

Issue Size: Rs. 100 crores

Issue break-up:

  • QIB – 35% of the offer – Rs 35.00 crores
  • NIB – 30% of the offer – Rs 30.00 crores
  • RET – 35% of the offer – Rs 35.00 crores

Listing: BSE and NSE

Registrar: Big Share Services Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Thursday, December 21, 2023     

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