IPO Details
Bidding Dates
18 Dec '23 - 20 Dec '23
Minimum Investment
₹15,000 / 1 Lots ( 150 Shares )
Price Range
₹95 - ₹100
Maximum Investment
₹195,000 / 13 Lots ( 1950 Shares )
Retail Discount
Not Applicable
Issue Size
₹100.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 18, 2023
IPO Closing Date
Dec 20, 2023
Basis of Allotment
Dec 21, 2023
Initiation of Refunds
Dec 25, 2023
Credit of Shares to Demat Account
Dec 25, 2023
IPO Listing Date
Dec 26, 2023
UPI Mandate Expiry Date
Dec 17, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Dec 18, 2023 |
0.00x | 0.71x | 4.60xx | 2.31x |
Day 2Dec 19, 2023 |
0.00x | 0.97x | 6.37x | 3.19x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.00 |
| Non-Institutional Buyers | 0.97 |
| Retail Investors | 6.37 |
| Total | 3.19 |
About Company
RBZ Jewellers is a 15-year-old, organised manufacturer of gold jewellery in India, specialising in antique bridal gold jewellery and distributing to reputable retailers across India. They hold roughly 1% of the total organised wholesale gold jewellery market in India. They design as well as manufacture a wide range of antique bridal gold jewellery such as jadau, meena and kundan work and sell it on both wholesale and retail basis. They also process and supply antique bridal gold jewellery to national retailers on a job-work basis.
Their customer base in the wholesale segment includes reputed national, regional and local family jewellers spread across 20 states and 72 cities within India. The company also operates its own retail showroom under the brand name ‘Harit Zaveri’ in Ahmedabad, where it is an aestablished player. Jewellery products include bridal, occasional and daily wear at various prices in their retail showroom. They also export the jewellery to the Middle East. They carry out their manufacturing operations from a modern facility situated in Ahmedabad, with advanced technologies in casting, laser and 3D printing.
In value terms, the wholesale gold jewellery industry size is expected to increase at a CAGR of 6.4% to ₹2,340 billion in 2030. The sector is, however, highly fragmented, with only 32% of the gold jewellery market being organised. This presents an opportunity for the growth of organised players.
RBZ Jewellers Ltd IPO Details
RBZ Jewellers Ltd IPO Date
The dates for bidding for the RBZ Jewellers IPO are Tuesday, December 19, 2023, to Thursday, December 21, 2023.
RBZ Jewellers Ltd IPO Price Band
RBZ Jewellers is a book-built IPO. The exact price range is yet to be announced.
RBZ Jewellers Ltd IPO Lot Size
The RBZ Jewellers Ltd IPO lot size is yet to be announced.
RBZ Jewellers Ltd IPO Objectives
The net proceeds from the issue are proposed to be utilised towards the following objects:
- Funding working capital requirements
- General corporate purposes
Peer Details
Some of the peer companies of RBZ Jewellers include:
- Kalyan Jewellers Ltd
- Senco Gold Ltd
- Thangamayil Jewellery Ltd
- D. P. Abhushan Ltd
- Titan Company Ltd
- Ashapuri Gold Ornament Ltd
- Sky Gold Ltd
How To Check the Allotment Status of the RBZ Jewellers Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of RBZ Jewellers Ltd
Registered office: Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway, Beside Iscon Mall, Ahmedabad, Gujarat-380054, India
Phone: +91-79-69135737
E-mail: cs@rbzjewellers.com
Company Financials
| Particulars ( ₹ in lakh ) | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 28,962.62 | 25,252.66 | 10,770.65 |
| Profit After Tax | 2,233.31 | 1,440.57 | 974.82 |
| Return on Capital Employed | 20.08% | 19.06% | 16.82% |
| Debt Service Coverage Ratio | 2.59 | 2.78 | 2.66 |
| Current Ratio | 2.02 | 1.96 | 1.96 |
Know before investing
Strengths
3-
They have their own manufacturing facility with artisans and technology for laser cutting, engraving, and casting. They have progressive dyes, hydraulic press dyes and also an in-house 3D printing machine for better designs.
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With a wide customer base across 20 states, their offerings include a diverse range of antique, bridal, traditional, contemporary and combination designs across price points. They have a product range that caters to all ages and genres of customers, incorporating the tastes and preferences of different regions.
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Their promoter, Mr Rajendrakumar Kantilal Zaveri, has more than 35 years of experience in the jewellery industry. His extended experience gives the company both knowledge and network advantages.
Risks
3-
They do not currently have exclusive or fixed supply arrangements with any of their suppliers of gold, though they are dependent on a few suppliers. Their top 10 suppliers covered 62.35% of their gold supplies in FY 2023. This makes their supply chain vulnerable to a loss or delay in supplies from even a single major supplier.
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They faced negative cash flows in H1 FY 2024 and FY 2023, and they may face such negative cash flows in the future as well. This may affect the financial health of the company.
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They operate their manufacturing from a single facility in Ahmedabad. Their retail outlet is also in Ahmedabad. Any disruption in the operations in these centres can significantly disrupt the company's overall revenue.
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RBZ Jewellers Ltd IPO FAQs
RBZ Jewellers IPO is a book-built IPO. The dates for the IPO are Tuesday, December 19, 2023 to Thursday, December 21, 2023.
The basis of allotment will be finalised on Friday, December 22, 2023. The credit of shares to the demat accounts will take place on Tuesday, December 26, 2023.
The IPO subscription window is Tuesday, December 19, 2023, to Thursday, December 21, 2023.
The minimum lot size for the IPO is 150 shares.
RBZ Jewellers Ltd will be listed on the BSE and NSE on Wednesday, December 27, 2023.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Wednesday, December 27, 2023.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
