RBZ Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 22, 2023Let’s have a detailed review of the company and analytics of the RBZ Jewellers IPO release date, IPO offer price, subscription, RBZ Jewellers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 100 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 150 Shares |
| Listing Date | December 27, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 100.00 Cr. |
| IPO Size | Rs 100.00 Cr. |
| Tick Size | 1 |
RBZ Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – RBZ Jewellers Share Price |
RBZ Jewellers IPO – Summary
They are one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distributing it to reputable nationwide retailers and significant regional players in India. They hold approximately 1% of the total organized wholesale gold jewellery market in India.
Also, 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.
The Promoter of this company is RAJENDRAKUMAR KANTILAL ZAVERI AND HARIT RAJENDRAKUMAR ZAVERI. The lead manager of the issue is ARIHANT CAPITAL MARKETS LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Check out Related IPO Links:
RBZ Jewellers IPO Date
The opening and closing dates of RBZ Jewellers IPO are December 19, 2023 and December 21, 2023 respectively.
RBZ Jewellers IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 19th Dec | 0.00x | 0.71x | 4.60x | 2.31x |
| 2nd Day – 20th Dec | 0.05x | 3.50x | 13.35x | 7.25x |
| 3rd Day – 21st Dec | 0.06x | 4.70x | 16.71x | 9.19x |
| Shares Offered or Net Issue | 1,400,000 | 3,000,000 | 3,500,000 | 10,000,000 |
The shares subscribed by the public will be updated here.
RBZ Jewellers IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
RBZ Jewellers Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 22, 2023 |
| Refunds Initiation | December 26, 2023 |
| Credit of Shares to Demat Account | December 26, 2023 |
| Share Listing Date | December 27, 2023 |
RBZ Jewellers IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 100
RBZ Jewellers IPO Equity Size
This Initial Public Issue of 10,000,000 Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 100 per equity share aggregating to Rs.100.00 Cr.
RBZ Jewellers IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 10,000,000 Equity Shares of Rs.10/ each.
Issue Size: 10,000,000 Equity Shares of Rs.10 each, aggregating to Rs.100.00 Cr.
Open Free Demat Account Now!
RBZ Jewellers IPO – Live Performance
The listing date of this IPO is December 27, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – RBZ Jewellers Share Price |
RBZ Jewellers IPO Grey Market Premium
The RBZ Jewellers Limited IPO Grey Market Premium price is Rs 5, the Kostak rate is Rs NA and the Subject to Sauda is Rs NA.
RBZ Jewellers IPO – Company Overview
They also process and supply Antique Bridal Gold Jewellery on a 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.
Their Company also operates its retail showroom under the brand name “Harit Zaveri” and is an established player in Ahmedabad. in Ahmedabad. They offer jewellery for bridal, occasional and daily wear at various price ranges in their retail showroom.
They also export their jewellery to the Middle East region. Also, they carry out their manufacturing operations from a well-equipped and modern facility situated in Ahmedabad, Gujarat having advanced technologies in casting, laser and 3-D printing. Their retail showroom is situated in the prominent area of Ahmedabad, Gujarat.
RBZ Jewellers IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 23,476.24 | 20,684.00 | 15,403.17 | 12,373.53 |
| *Total Revenue | 12,551.91 | 28,962.62 | 25,252.66 | 10,770.65 |
| Total Expense | 10,927.78 | 25,985.92 | 23,291.27 | 9,432.81 |
| Profit After Tax | 1,210.12 | 2,243.52 | 1,447.98 | 1,001.45 |
Earnings per Equity Share (in Lakh)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.03 | 7.44 | 4.80 | 3.12 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 2,243.52 Lakh, Rs. 1,447.98 Lakh and Rs. 1,001.45 Lakh respectively.
RBZ Jewellers IPO – Promoters
The Promoter of this company is:
- RAJENDRAKUMAR KANTILAL ZAVERI
- HARIT RAJENDRAKUMAR ZAVERI
List of Related Parties (Key Managerial Personnel)
- Rajendrakumar Kantilal Zaveri, Chairman & Managing Director
- Harit Rajendrakumar Zaveri, Joint Managing Director
- Jitendra Pratap Singh, Non-Executive Independent Director
- Nirupa Kiran Bhatt, Non-Executive Independent Director
RBZ Jewellers IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 75%
RBZ Jewellers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,00,00,000 Equity Shares aggregating up to Rs.100.00 Cr. |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 3,00,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
RBZ Jewellers IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding working capital requirements of the Company; and
- General corporate purposes
RBZ Jewellers IPO – Business Strategy
- Deepen and penetrate their existing customer relationships and continue to expand geographically
- Increase their production and enhance their product portfolio
- Continue to invest in their marketing and brand-building initiatives
- Strengthen their Inventory Management practices
RBZ Jewellers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Organised manufacturing setup under one roof;
- Client mix and geographical spread enhancing understanding of customer preference and emerging trends;
- Design and Innovation in their product range;
- A brand built on the core values of trust, transparency and innovation;
- Effective operations and internal control to achieve efficiency and reduce risks;
- Experienced Promoters with young leadership and a demonstrated track record supported by the experienced senior management team and board of directors.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.44 | 24.15% | 30.82 |
| 31-Mar-22 | 4.80 | 20.57% | – |
| Mar-21 | 3.12 | 17.55% | – |
RBZ Jewellers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| RBZ Jewellers Limited | 10 | [●] | 7.44 | 24.15% | 28,962.62 |
| Listed Peers | |||||
| Kalyan Jewellers Limited | 10 | 78.33 | 4.20 | 11.88% | 14,10,933.80 |
| Senco Gold Ltd | 10 | 32.50 | 22.93 | 13.04% | 4,10,854.00 |
RBZ Jewellers IPO Lead Managers
| Lead Managers |
| ARIHANT CAPITAL MARKETS LIMITED 1011 Building No. 10, Solitaire Corporate Park, Hargovindji Road, Chakala Andheri (East), Mumbai – 400 093 Telephone: +91-22-4225 4800 Email: mbd@arihantcapital.com Investor grievance email: rbzipo@arihantcapital.com Website: www.arihantcapital.com Contact Person: Amol Kshirsagar / Satish Kumar Padmanabhan SEBI Registration No.: INM000011070 |
RBZ Jewellers IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai- 400093 Telephone: +91-22-62638200 Email: ipo@bigshareonline.com Investor grievance email: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
RBZ Jewellers IPO – Other Details
- Statutory Auditor – G. K. Choksi & Co., Chartered Accountants
- Legal Counsel to the Company – SNG & Partners
- Bankers to the Company – Axis Bank Limited, IDBI Bank Limited and ICICI Bank Limited
RBZ Jewellers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to RBZ Jewellers IPO
RBZ Jewellers Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
RBZ Jewellers IPO Review FAQs
Check out various FAQs related to RBZ Jewellers IPO:
What is the Issue Size of RBZ Jewellers IPO?
The Company is making an initial public offer of 10,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of RBZ Jewellers IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 100. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the RBZ Jewellers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 19, 2023, while the closing date is set at December 21, 2023.
What is the RBZ Jewellers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 22, 2023, refund initiation is on December 26, 2023, credit of shares is on December 26, 2023, and share listing date is on December 27, 2023.
What is the RBZ Jewellers IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 27, 2023. The date, when the listing would be done, is stagnant on December 27, 2023.
Who is the Registrar of RBZ Jewellers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of RBZ Jewellers IPO?
Here are the promoters of this IPO – RAJENDRAKUMAR KANTILAL ZAVERI AND HARIT RAJENDRAKUMAR ZAVERI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of RBZ Jewellers IPO?
They have obtained the GMP of this IPO and it is Rs 5. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is RBZ Jewellers IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of RBZ Jewellers Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 2,243.52, 2022 is 1,447.98, and 2021 is 1,001.45. PAT from Sep 2023 is 1,210.12.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics