RBZ Jewellers Ltd. IPO
RBZ Jewellers Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹100
Issue Price
Listing Price
₹100
Listing Price
Listing Gains
+₹0.00 (+0.00%)
Listing Gains
IPO Details
Bidding Dates
19 Dec - 21 Dec '23
Bidding Dates
Min. Investment
₹14,250
Min. Investment
Lot Size
150.00
Lot Size
Price Range
₹95 - ₹100
Price Range
Issue Size
75 Cr
Issue Size
Subscription Rate
- Retail Individual Investor24.74x
- Non-Institutional Investor9.27x
- Qualified Institutional Buyers13.43x
- Employees
About Company
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.
Important Dates - RBZ Jewellers IPO
| 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 |
| Listing date | 27th December 2023 |
Why should you invest in RBZ Jewellers Ltd. IPO?
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.
RBZ Jewellers IPO Grey Market Premium
| Date | GMP |
|---|---|
| 18th December | Rs - |
| 17th December | Rs - |
RBZ Jewellers IPO Noteworthy Highlights
- The fresh issue part will also represent the whole size of the IPO because there isn't an offer for sale (OFS) component.
- Due to the company's volatility, investors must understand that the IPO does carry a larger risk, but valuations are often comfortable. In this over-a-year IPO, investors need to have a greater tolerance for risk as well as a longer time horizon.
RBZ Jewellers Ltd. IPO - SWOT Analysis
Strengths
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%.
Weaknesses
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.
Opportunities
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.
Threats
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.
Financial Snapshot - RBZ Jewellers IPO
Check out the financial performance of RBZ Jewellers for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 123.74 crore | Rs 289.63 crore | Rs 9.75 crore |
| March 2022 | Rs 154.03 crore | Rs 252.53 crore | Rs 14.88 crore |
| March 2023 | Rs 721.25 crore | Rs 246 crore | Rs 37.96 crore |
A competitive analysis
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:
Competitive Analysis - RBZ Jewellers IPO
| Company Name | Market Capitalisation(Rs.Cr) | 1-Year Return |
|---|---|---|
| Kalyan Jewellers India Ltd | 32,441.52 | 164.66% |
| Thangamayil Jewellery | 3,858 | 14.21% |
| Goldiam International | 1,828.33 | 25.72%td> |
How to apply for RBZ Jewellers Ltd. IPO?
You can apply for the RBZ Jewellers Ltd. IPO in these ways:
UPI
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.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an RBZ Jewellers Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
