RBZ Jewellers IPO GMP, review, Date, share Price, 2023

RBZ Jewellers  IPO description – RBZ Jewellers   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 19, 2023

 

 

RBZ Jewellers IPO Details

 

RBZ Jewellers IPO Dates 19 – 21 December 2023
RBZ Jewellers IPO Price INR 95 – 100 per share
Fresh issue 10,000,000 Shares (INR 95 – 100 crore)
Offer For Sale Nil
Total IPO size 10,000,000 Shares (INR 95 – 100 crore)
Minimum bid (lot size) 150 shares (INR 15,000)
Face Value  INR 10 per share
Retail Allocation 35%
Listing On BSE, NSE

 

 

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RBZ Jewellers IPO – Date Schedule

 

IPO Open Date 19 December 2023
IPO Close Date 21 December 2023
Basis of Allotment Date 22 December 2023
Initiation of Refund 26 December 2023
Credit of Shares to Demat Account 26 December 2023
IPO Listing Date 27 December 2023

RBZ Jewellers IPO – About Company 

 

.RBZ Jewellers Limited stands out as an Indian-based gold jewellery manufacturer renowned for its expertise in crafting antique designs. Specializing in the creation of antique gold jewellery, the company excels in jadau, meena, and kundan work, offering its exquisite range on both wholesale and retail platforms.

Key Features:

  • Antique Gold Specialization: RBZ Jewellers Limited focuses on designing and manufacturing a diverse array of antique gold jewellery, showcasing intricate craftsmanship in jadau, meena, and kundan work.
  • Wholesale Presence: The company has established a robust wholesale network, serving esteemed national, regional, and local family jewellers across 19 states and 72 cities in India.
  • Retail Showroom: Operating under the brand name “Harit Zaveri,” RBZ Jewellers Limited has a prominent retail presence, particularly in Ahmedabad, where it stands as a leading player.
  • Manufacturing Excellence: The manufacturing facility, located in Ahmedabad, Gujarat, boasts a permitted capacity for 250 artisans and employs 185 sales personnel. Covering 23,966 sq. ft, the facility enables the end-to-end design and production of gold jewellery.
  • Customer Portfolio: In FY23, RBZ Jewellers Limited’s major customers by volume include renowned names such as Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited, among others.

 

RBZ Jewellers IPO GMP, review, Date, share Price, 2023
RBZ Jewellers IPO GMP, review, Date, share Price, 2023

RBZ Jewellers Financial Performance

 

  FY 2021 FY 2022 FY 2023
Revenue 106.99 252.11 287.93
Expenses 94.33 232.91 259.86
Net income 9.75 14.41 22.33
Margin (%) 9.11 5.72 7.76

Figures in INR Crores 

 

RBZ Jewellers Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 3.12 4.80 7.44
PE ratio 12.77 – 13.44
RONW (%) 17.55 20.57 24.15
NAV 30.82
ROCE (%) 16.82 19.06 20.08
EBITDA (%) 19.78 10.79 13.71
Debt/Equity 0.97 0.84 1.02

Company  Strengths

 

  • Organised manufacturing setup under one roof;
  • Client mix and geographical spread enhancing understanding of customer preference and emerging trends;
  • Design and Innovation in company’s product range;
  • 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 experienced senior management team and board of directors.

 

Objective Of The Issue

 

  • Funding working capital requirements of the Company.
  • General corporate purposes.

RBZ Jewellers IPO GMP Today 

 

Date IPO GMP Kostak Subject to Sauda
18 December 2023 10

 

RBZ Jewellers IPO Allotment Status

 

RBZ Jewellers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

 

RBZ Jewellers IPO Peer Comparison

 

S. No. Face Value Company Name PE
1 10 Kalyan Jewellers Limited 78.33
2 10 Senco Gold Ltd 32.50
3 10 Thangamayil Jewellery Ltd 24.78
4 10 D P Abhushan Limited 28.46
5 1 Titan Company Limited 93.06
6 10 Ashapuri Gold Ornament Limited 14.96
7 10 Sky Gold Limited 49.46

 

RBZ Jewellers IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Min) 1 150 15,000
Retail (Max) 13 1,950 1,95,000
S-HNI (Min) 14 2,100 2,10,000
S-HNI (Max) 66 9,900 9,90,000
B-HNI (Min) 67 10,050 10,05,000

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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