RBZ Jewellers IPO: An Overview and Corporate Insight
RBZ Jewellers Limited, founded in April 2008, stands as a prominent Indian manufacturer specializing in the creation of antique-style gold jewelry. With a primary focus on Kundan, Meena, and Jadau work, RBZ Jewellers offers a diverse range of ancient gold jewelry, serving both wholesale and retail markets across 19 states and 72 cities in India. The company’s retail showroom, operating under the “Harit Zaveri” brand, adds to its prominence. Notably, RBZ Jewellers boasts a vertically integrated production facility in Ahmedabad, Gujarat, capable of designing and producing gold jewelry entirely in-house.
Grey Market Premium Analysis and IPO Timelines – RBZ Jewellers IPO GMP
As RBZ Jewellers gears up for its IPO, investors are keenly eyeing the Grey Market Premium (GMP) trends of RBZ Jewellers IPO. With a steady revenue growth averaging between 12% and 14% over the past three years, RBZ Jewellers has witnessed remarkable financial performance. The IPO timelines, starting from subscriptions on December 19, 2023, to the provisional listing date of December 27, 2023, provide a comprehensive view of the crucial milestones in this IPO journey.
RBZ Jewellers GMP :
| Date | GMP |
|---|---|
| 18 December | Rs. – |
| 17 December | Rs. – |
| 14 December | Rs.35 |
Pricing Details and Lot Size – RBZ Jewellers IPO
RBZ Jewellers IPO, priced in the range of ₹95 to ₹100 per share, offers potential investors an opportunity to own a share in this one-crore share offering. With a minimum lot size of 150 shares and a minimum retail investment of ₹15,000, the pricing details are essential considerations for investors.
Book-Running Lead Managers and Registrar – RBZ Jewellers IPO
Arihant Capital Markets Ltd, serving as the book running lead manager, and Bigshare Services Pvt Ltd, acting as the registrar, play vital roles in the RBZ Jewellers IPO process. Understanding their functions enhances transparency for investors.
Offer for Sale and IPO Size Breakdown – RBZ Jewellers IPO
RBZ Jewellers IPO is unique in that it comprises only a fresh issue of shares, valued at ₹100.00 crores. The absence of an offer for sale (OFS) component emphasizes the company’s focus on injecting fresh funds without diluting equity or earnings per share (EPS).
Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri are the visionaries behind the company’s inception. Presently, they collectively hold a 100.00% stake in the company, a shareholding that will undergo a dilution to 75% following the imminent Initial Public Offering (IPO). As outlined by the IPO’s terms, 50% of the net offer is earmarked for Qualified Institutional Buyers (QIBs), with an additional 35% of the total issue size reserved for retail investors. The remaining 15% is allocated for High Net Worth (HNI) and Non-Institutional Investors (NII).
It is important to note that the Net Offer, as mentioned above, refers to the quantity net of the employee quota, if any. The anchor portion, to be carved out of the QIB portion, will proportionately reduce the QIB portion available to the public. This structured allocation ensures a fair and transparent distribution of shares among various investor categories.
| Category of Investors | Allocation of shares under IPO |
|---|---|
| Employee Reservation | Nil shares reserved for employees |
| Anchor Allocation | To be carved out of the QIB portion |
| QIB Shares Offered | 50,00,000 shares (50.00% of IPO size) |
| NII (HNI) Shares Offered | 15,00,000 shares (15.00% of IPO size) |
| Retail Shares Offered | 35,00,000 shares (35.00% of IPO size) |
| Total Shares Offered | 1,00,00,000 shares (100.00% of IPO size) |
IPO Structure and Reservation Criteria – RBZ Jewellers IPO
The fresh issue portion of 1,00,00,000 shares constitutes the entirety of the RBZ Jewellers IPO, ensuring that the overall size aligns with the fresh issue component. Understanding this structure and the reservation criteria, which allocates 50% for QIBs, 35% for retail investors, and 15% for HNI/NII investors, adds clarity for potential subscribers.
IPO Timelines at a Glance – RBZ Jewellers IPO
| Event | Date |
|---|---|
| IPO Open Date | December 19, 2023 |
| IPO Close Date | December 21, 2023 |
| Allotment Date | December 22, 2023 |
| Listing Date | December 27, 2023 (Provisional) |
Utilization of Fresh Issuance and Technological Advancements – RBZ Jewellers IPO
RBZ Jewellers aims to utilize the fresh issuance of shares to fuel its growth. Understanding the company’s plans for technological advancements is crucial for investors assessing its long-term potential.
Conclusion – RBZ Jewellers IPO
In conclusion, the RBZ Jewellers IPO presents an exciting opportunity for investors seeking a stake in a renowned antique-style gold jewelry manufacturer. With the prospect of steady growth, reasonable valuations, and a transparent IPO structure, investors should carefully consider the Grey Market Premium trends and key timelines outlined in this comprehensive overview. As RBZ Jewellers Ltd gets ready to list on the NSE and BSE mainboards, it marks a significant milestone in the company’s journey.
