BSE & NSE
19 Dec - 21 Dec '23
₹95 - ₹100
RBZ Jewellers Limited, an Indian manufacturer of gold jewellery with a focus on creating antique styles, was founded in April 2008. The business creates and produces a large selection of ancient gold jewellery with Kundan, Meena, and Jadau work, and it offers it for sale both in wholesale and retail markets.
Throughout 19 states and 72 cities in India, the company's wholesale clientele consists of well-known national, regional, and neighbourhood family jewellers.
RBZ Jewellers Limited is a prominent participant in Ahmedabad and runs its retail showroom under the "Harit Zaveri" brand. The Ahmedabad, Gujarat-based production facility of RBZ Jewellers Limited is capable of designing and producing gold jewellery all under one roof.
|Application opens on
|19th December 2023
|Last date of application
|21st December 2023
|Date of Allotment
|22nd December 2023
|Refund begins from
|26th December 2023
|Credit of shares to Demat
|26th December 2023
|27th December 2023
Over the past three years, revenue growth has been steady, averaging between 12 and 14 percent per year. What makes RBZ Jewellers Ltd. noteworthy, though, is that throughout the past two years, net earnings have more than doubled, improving both ROE and PAT margins.
The business is in a sector that stands to benefit from the jewellery industry's ongoing transition to a more structured business model. The company offers strong net margins of more than 7% and an appealing ROE of more than 24%, which help to support values. Additionally, ROA is over 10%.
Working capital is a problem for the company because the jewellery industry is capital-intensive. As a result, the debt-to-equity ratio in FY23 and H1FY24 were 1.04x and 0.98x, respectively.
One of the company's main advantages is that it provides end-to-end integrated manufacturing under one roof which is unique and has let the business acquired a reputation through institutional clients.
The company, which manufactures jewellery, is exposed to the risk of fluctuating gold prices. Furthermore, the company has no advance contracts or exclusive supply chain arrangements to protect itself from price volatility.
Check out the financial performance of RBZ Jewellers for recent years:
|Rs 123.74 crore
|Rs 289.63 crore
|Rs 9.75 crore
|Rs 154.03 crore
|Rs 252.53 crore
|Rs 14.88 crore
|Rs 721.25 crore
|Rs 246 crore
|Rs 37.96 crore
RBZ Jewellers has Kalyan Jewellers India Ltd, Sky Gold Limited, Thangamayil Jewellery Ltd and Senco Gold Limited as its peers. Take a look at their performances:
|Kalyan Jewellers India Ltd
You can apply for the RBZ Jewellers Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
What are the opening and closing dates for RBZ Jewellers IPO?
RBZ Jewellers IPO will open for subscription on December 19 and close on December 21.
What is the price band for RBZ Jewellers IPO?
The price band for RBZ Jewellers IPO is ₹95 to ₹100 per share.
Who is taking part in the OFS?
There will be no Offer For Sale (OFS) component.
What is the minimum and maximum lot size for the RBZ Jewellers IPO?
The minimum lot size is 1 and maximum is 13.
What will be the promoter shareholding in RBZ Jewellers after the IPO?
The promoter shareholding in RBZ Jewellers after the IPO will reduce to 75% from 100% currently.
Who are RBZ Jewellers IPO Lead Managers?
Arihant Capital Markets are the sole Book Running Lead Managers (BRLMs) to the issue.
Who is the registrar of the issue?
Bigshare services is the registrar for RBZ Jewellers IPO.
When will the RBZ Jewellers IPO allotment take place?
The finalisation of the basis of allotment for RBZ Jewellers IPO will be done on December 22, and the allotted shares will be credited to investors’ demat accounts by December 26.
When and where will the RBZ Jewellers shares be listed?
The equity shares of RBZ Jewellers are proposed to be listed on December 27, 2023, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).