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Let’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

RBZ Jewellers IPOThey 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.


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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.

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    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:


    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.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    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
    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
    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


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      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.

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