RBZ Jewellers IPO Date, Price, GMP, Lot Size Details, Review
RBZ Jewellers, a leading organised manufacturer of gold jewellery in India, is launching its IPO on December 19, 2023. The company specialises in antique bridal gold jewellery and distributes it to reputable nationwide retailers and significant regional players in India.
The RBZ Jewellers IPO aims to raise Rs 100 crore through a fresh issue of shares at a price band of Rs 95-100 per share. The issue will close on December 21, 2023 and the shares will be listed on BSE and NSE. In this article, we will examine the RBZ Jewellers IPO and its prospects for investors.
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Page Contents
RBZ Jewellers IPO Overview
| IPO Dates | December 19, 2023 – December 21, 2023 |
| Issue Type | Book Built Issue IPO |
| Total Issue Size | ₹100.00 Crores |
| Fresh Issue | 10,000,000 shares (aggregating up to ₹100.00 Crores) |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Listing At | BSE, NSE |
| Tentative Listing Date | December 27, 2023 |
| RBZ Jewellers IPO GMP | Not Started |
| RBZ Jewellers IPO Listing Price Prediction | ₹120 |
RBZ Jewellers IPO Dates
RBZ Jewellers IPO opens on December 19, 2023, and closes on December 21, 2023.
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
RBZ Jewellers IPO Lot Size
| Investor Category | Application (Lots) | Shares (Minimum) | Amount (Minimum) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1,950 | ₹195,000 |
| S-HNI (Min) | 14 | 2,100 | ₹210,000 |
| S-HNI (Max) | 66 | 9,900 | ₹990,000 |
| B-HNI (Min) | 67 | 10,050 | ₹1,005,000 |
RBZ Jewellers IPO GMP
The commencement of the Grey Market Premium (GMP) for RBZ Jewellers IPO is pending. We are consistently refreshing the GMP details on a daily basis. Kindly return to our platform shortly to access the most recent GMP updates.
RBZ Jewellers Company Profile
RBZ Jewellers Limited, incorporated in April 2008, specializes in creating antique gold jewellery with designs that include jadau, meena, and kundan work. The company operates both in wholesale and retail segments, catering to a wide customer base across 19 states and 72 cities in India. RBZ Jewellers also runs a retail showroom under the brand name “Harit Zaveri” in Ahmedabad.
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RBZ Jewellers Manufacturing Facility
The company’s manufacturing facility in Ahmedabad, Gujarat, spans 23,966 sq. ft and is capable of designing and manufacturing gold jewellery under one roof. The facility accommodates 250 artisans and employs 185 sales personnel.
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RBZ Jewellers Financial Highlights
- Revenue Growth: RBZ Jewellers Limited’s revenue increased by 14.69% between the financial years ending March 31, 2022, and March 31, 2023.
- Profit After Tax (PAT): PAT rose by 55.03% in the same period.
- Net Worth: As of September 30, 2023, the net worth stood at ₹104.57 Crores.
- Total Borrowing: ₹101.84 Crores as of September 30, 2023.
RBZ Jewellers Key Performance Indicators
- P/E Ratio: 13.77
- ROE: 27.49%
- ROCE: 27.49%
- EPS: ₹7.44
RBZ Jewellers IPO Objectives
The net proceeds from the RBZ Jewellers IPO will be utilized for:
- Funding working capital requirements.
- General corporate purposes.
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Pros and Cons of RBZ Jewellers IPO
Pros:
- The company has a strong presence in the high-margin antique jewellery segment, which has a growing demand among customers.
- The company has a robust distribution network, comprising of 1,200 retailers across 23 states and union territories in India.
- The company has a state-of-the-art manufacturing facility, equipped with advanced technology and machinery, which ensures high quality and efficiency.
- The company has a skilled and experienced management team, with a proven track record of delivering growth and profitability.
- The company has a healthy financial position, with a revenue CAGR of 23.6% and a PAT CAGR of 28.7% for FY19-21.
Cons:
- The company’s business is highly dependent on the price and availability of gold, which are subject to fluctuations and volatility in the global and domestic markets.
- The company faces stiff competition from other organised and unorganised players in the gold jewellery industry, which may affect its pricing power and market share.
- The company is exposed to various regulatory and legal risks, such as changes in tax laws, GST rates, import duties, hallmarking norms, etc., which may impact its operations and profitability.
- The company may face operational challenges such as disruption in supply chain, inventory management, quality control, or customer satisfaction, which may affect its reputation and brand value.
- The company may face adverse effects of the COVID-19 pandemic, which has impacted the consumer sentiment and demand for discretionary products such as jewellery.
RBZ Jewellers IPO Analysis and Review
RBZ Jewellers Limited has established itself as a key player in the gold jewellery manufacturing sector, known for its antique designs. The company’s steady growth in revenue and profitability, along with its strong presence in both wholesale and retail markets, positions it well in the industry.
However, investors should consider the competitive landscape, market risks, and the company’s future growth strategies before investing.
Final Thoughts on RBZ Jewellers IPO
The RBZ Jewellers IPO presents an opportunity for investors to participate in the growth story of a leading gold jewellery manufacturer in India. With its solid track record and strategic focus on antique designs, the company is poised for future growth. However, as with any investment, it is crucial to conduct thorough research and consider individual risk appetites before participating in the IPO.
