Bookbuilding IPO | ₹100 Cr | Listed at BSE, NSE | Tue, Dec 19, 2023 - Thu, Dec 21, 2023
RBZ Jewellers IPO is a book build issue of ₹100.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹100.00 crore.
RBZ Jewellers IPO bidding started from Dec 19, 2023 and ended on Dec 21, 2023. The allotment for RBZ Jewellers IPO was finalized on Dec 22, 2023. The shares got listed on BSE, NSE on Dec 27, 2023.
RBZ Jewellers IPO price band is set at ₹100 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹15,000 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (10,050 shares), amounting to ₹10,05,000.
Arihant Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to RBZ Jewellers IPO RHP for detailed Information.
IPO Open
Tue, Dec 19, 2023
IPO Close
Thu, Dec 21, 2023
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹400.00 Cr
| IPO Date | 19 to 21 Dec, 2023 |
| Listed on | Wed, Dec 27, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹100 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹100 Cr) |
| Share Holding Post Issue | 4,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544060 / RBZJEWEL |
| ISIN | INE0PEQ01016 |
RBZ Jewellers IPO offers total 1,00,00,000 shares. Out of which 35,00,000 (35.00%) allocated to QIB, 14,00,000 (14.00%) allocated to QIB (Ex- Anchor), 30,00,000 (30.00%) allocated to NII 35,00,000 (35.00%) allocated to RII and 21,00,000 (21.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 35,00,000 (35.00%) | NA |
| − Anchor Investor Shares Offered | 21,00,000 (21.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 14,00,000 (14.00%) | NA |
| NII (HNI) Shares Offered | 30,00,000 (30.00%) | NA |
| − bNII > ₹10L | 20,00,000 (20.00%) | 952 |
| − sNII < ₹10L | 10,00,000 (10.00%) | 476 |
| Retail Shares Offered | 35,00,000 (35.00%) | 23,333 |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| 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 |
RBZ Jewellers IPO raises ₹21.00 crore from anchor investors. RBZ Jewellers IPO Anchor bid date is December 18, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 18, 2023 |
| Shares Offered | 21,00,000 |
| Anchor Portion (₹ Cr.) | 21.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jan 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Mar 21, 2024 |
Incorporated in April 2008, RBZ Jewellers Limited is an India-based gold jewellery manufacturer specialising in the creation of antique designs. The company designs and manufactures a wide range of antique gold jewellery consisting of jadau, meena and kundan work and sells it on wholesale and retail basis.
The company's wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in India.
RBZ Jewellers Limited also operates its retail showroom under the brand name "Harit Zaveri" and is a leading player in Ahmedabad.
The manufacturing facility has a permitted capacity of 250 artisans and employs 185 sales personnel.
RBZ Jewellers Limited's manufacturing facility in Ahmedabad, Gujarat can design and manufacture gold jewellery under one roof. The manufacturing facility has an area of 23,966 sq. ft and is owned by RBZ Jewellers.
The company's major customers by volume in FY23 are Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited and others.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 234.76 | 206.84 | 154.03 | 123.74 |
| Total Income | 125.52 | 289.63 | 252.53 | 107.71 |
| Profit After Tax | 12.09 | 22.33 | 14.41 | 9.75 |
| NET Worth | 104.57 | 92.47 | 70.03 | 55.55 |
| Reserves and Surplus | 74.02 | 61.93 | 65.60 | 51.19 |
| Total Borrowing | 101.84 | 95.79 | 59.71 | 54.90 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 80.75 |
| 2 | General Corporate Purposes | 8.27 |
| Total | 89.02 |
| KPI | |
|---|---|
| ROE | 27.49% |
| ROCE | 27.49% |
| Debt/Equity | 1.02 |
| RoNW | 20.08% |
| PAT Margin | 7.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.44 | |
| P/E (x) | 13.77 | 16.53 |
| Promoter Holding | 100% | 75% |
| Market Cap | ₹400.00 Cr. |
The RBZ Jewellers IPO is subscribed 16.86 times on December 21, 2023 7:02:00 PM (Day 3). The public issue subscribed 24.74 times in the retail category, 13.43 times in the QIB category, and 9.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.43 | 14,00,000 | 1,87,97,250 |
| NII | 9.27 | 30,00,000 | 2,77,96,950 |
| bNII (bids above ₹10L) | 6.79 | 20,00,000 | 1,35,88,950 |
| sNII (bids below ₹10L) | 14.21 | 10,00,000 | 1,42,08,000 |
| Retail | 24.74 | 35,00,000 | 8,65,92,150 |
| Total | 16.86 | 79,00,000 | 13,31,86,350 |
Total Application : 5,08,034
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including underwriting commission, brokerage and selling commission) | 7.00 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Offer and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.50 |
| 3 | Fees payable to the Registrar to the Issue | 0.50 |
| 4 | Fees payable to the auditors, consultants and market research firms to the Issue | 0.60 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 0.75 |
| 6 | Printing and stationery | 0.40 |
| 7 | Advertising and marketing expenses | 0.75 |
| 8 | Fee payable to legal counsels | 0.40 |
| 9 | Miscellaneous | 0.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹100.00 | ₹100.00 |
| Low | ₹95.00 | ₹96.00 |
| High | ₹104.99 | ₹105.00 |
| Last Trade | ₹104.99 | ₹105.00 |
Lead Manager Reports
RBZ Jewellers IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹100 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 150.
The IPO opens on Tue, Dec 19, 2023, and closes on Thu, Dec 21, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RBZ Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in RBZ Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RBZ Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RBZ Jewellers IPO opens on Tue, Dec 19, 2023 and closes on Thu, Dec 21, 2023.
RBZ Jewellers IPO lot size is 150, and the minimum amount required for application is ₹15,000.
You can apply in RBZ Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RBZ Jewellers IPO will be done on Friday, December 22, 2023, and the allotted shares will be credited to your demat account by Tue, Dec 26, 2023. Check the RBZ Jewellers IPO allotment status.
The RBZ Jewellers IPO listing date is on Wed, Dec 27, 2023.
