RBZ Jewellers Limited

Price
₹95 - ₹100
Lot
150
Subs.
16.86
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 19-Dec-2023
Close Date: 21-Dec-2023
Allotment Date: 22-Dec-2023
Listing Date: 27-Dec-2023
Listing Price: ₹146.6/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹95-100 Per Equity Share
Issue Size: Total Issue Size 10,000,000 shares (aggregating up to ₹[.] Cr) : Fresh Issue 10,000,000 shares (aggregating up to ₹[.] Cr)
Market Lot (Min Amount): Retail - ₹15,000 : S-HNI - ₹210,000 : B-HNI - ₹1,005,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved1,400,0003,000,0003,500,0007,900,000
Day 1 - 19-12-23 
05:00 PM
0.00x0.71x4.60x2.31x
Day 2 - 20-12-23 
05:00 PM
0.05x3.50x13.35x7.25x
Day 3 - 21-12-23 
05:00 PM
13.43x9.27x24.74x16.86x
Total No. of Application:508,034 (Approx.)
Retail Subscription on the basis of Apps:21.77x
Valuations

Earning Per Share(EPS)7.44/-
P/E Ratio13.77
RoNW20.08%
Net Asset Value (NAV) - Post Issue:30.82/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,2023234.76125.5212.09
31 Mar,2023206.84289.6322.33
31 Mar,2022154.03252.5314.41
31 Mar,2021123.74289.639.75
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding75%
Company Promoter(s)
1. Rajendrakumar Kantilal Zaveri
2. Harit Rajendrakumar Zaveri
Issue Objective(s)

The Net Proceeds are proposed to be used as under

  • Funding working capital requirements of the Company 
  • General Corporate Purposes
About Company

Incorporated in April 2008, RBZ Jewellers Limited is an India-based gold jewellery manufacturer that specializes in creating antique designs. They distribute their products to nationwide retailers as well as significant regional players. The company's product line includes a wide range of Antique Gold Jewellery, which features jadau, Meena, and Kundan work and is sold on both a wholesale and retail basis. Their wholesale customer base comprises reputed national, regional, and local family jewellers located across 19 states and 72 cities in India. They also operate a retail showroom under the brand name "Harit Zaveri" and are a leading player in Ahmedabad.

The company has a well-equipped and modern gold jewellery manufacturing facility situated at Sarkhej Gandhinagar Highway, Ahmedabad, Gujarat, which can design and manufacture gold jewellery under one roof. The manufacturing facility has an area measuring 23,966 sq. ft and is owned by RBZ Jewellers.

The manufacturing facility has a permitted capacity of 250 artisans, and the company employs 185 salespeople.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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