14-Dec-2023
2 mins read
The Initial Public Offering (IPO) of RBZ Jewellers, a book-built offering, is set to raise Rs 100 crores through the issuance of 1 crore fresh shares. The opening date of subscription for this IPO will be December 19, 2023, and the closing date is December 21, 2023. The allocation of shares is expected to be completed by December 22, 2023. The shares of RBZ Jewellers are scheduled to be listed on both the BSE and NSE, with a tentative listing date of December 27, 2023.
The price range for the RBZ Jewellers IPO has been established between Rs 95 and Rs 100 per share. Investors need to purchase a minimum of 150 shares to participate, requiring a minimum investment of Rs 15,000 for retail investors. For sNII (Small Non-Institutional Investors), the minimum investment is 14 lots, equating to 2,100 shares and a total of Rs 210,000. For bNII (Big Non-Institutional Investors), it is 67 lots or 10,050 shares, totalling Rs 1,005,000.
Arihant Capital Markets Ltd has been appointed as the book-running lead manager for the RBZ Jewellers IPO, and Bigshare Services Pvt Ltd will act as the registrar for the issue.
RBZ Jewellers Limited Product Portfolio
Founded in April 2008, RBZ Jewellers Limited is a prominent gold jewellery manufacturer based in India, known for its expertise in crafting antique-style jewellery. The company produces an extensive array of antique gold jewellery that includes styles such as Jadau, Meena, and Kundan. These products are distributed both through wholesale and retail channels.
RBZ Jewellers has established a significant wholesale network, catering to well-known family jewellers throughout India, covering 19 states and 72 cities. In addition to its wholesale operations, the company also runs a retail showroom under the “Harit Zaveri” brand, becoming a notable name in the Ahmedabad market.
The company boasts a manufacturing unit in Ahmedabad, Gujarat, which is well-equipped to handle the entire process of gold jewellery design and production under one roof. This facility spans 23,966 square feet and is a proprietary asset of RBZ Jewellers. It has the capacity to accommodate up to 250 artisans and also employs 185 sales staff.
The Objectives of RBZ Jewellers Limited IPO
The intended use of the net proceeds includes allocating funds towards the company’s working capital needs and for various general corporate objectives.
Financial Performance of RBZ Jewellers Limited (In Crore)
For RBZ Jewellers Limited, there was a notable growth in revenue of 14.69% and an increase in profit after tax (PAT) by 55.03% during the financial year that concluded on March 31, 2023, compared to the previous year ending on March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 234.76 | 206.84 | 154.03 | 123.74 |
| Revenue | 125.52 | 289.63 | 252.53 | 289.63 |
| 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 | 65.6 | 51.19 |
| Total Borrowing | 101.84 | 95.79 | 59.71 | 54.9 |
Important Details for RBZ Jewellers Limited IPO
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | Yet to be announced |
| Face Value | Rs 10 per share |
| Price Band | Rs 95 to Rs 100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 10,000,000 shares (aggregating up to Rs 100 Cr) |
| Fresh Issue | 10,000,000 shares (aggregating up to Rs 100 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 30,000,000 |
| Shareholding post issue | 40,000,000 |
Timetable of RBZ Jewellers Limited IPO
| 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 |
Lot Size of RBZ Jewellers Limited IPO
Investors are presented with the opportunity to bid for a starting minimum of 150 shares, with the flexibility to increase their investment in similar increments. The subsequent table details the range of investment options available to both retail investors and High Net-worth Individuals (HNIs), showcasing the minimum and maximum number of shares that can be purchased, along with their respective financial equivalents.
| Application | Lots | Shares | Amount (In Rs) |
| Retail (Min) | 1 | 150 | 15,000 |
| Retail (Max) | 13 | 1950 | 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 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator of RBZ Jewellers IPO
RBZ Jewellers IPO Market Cap is Rs 400 Cr and P/E (x) is 13.77.
| KPI | Values |
| P/E (x) | 13.77 |
| Market Cap (In Rs Cr) | 400 |
| ROE | 27.49% |
| ROCE | 27.49% |
| Debt/Equity | 1.02 |
| EPS (Rs) | 7.44 |
| RoNW | 20.08% |
Promoters of the Company
Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri are the promoters of the company.
RBZ Jewellers Limited IPO Promoter Holding
| Shareholding Pre Issue | 100% |
| Shareholding Post Issue | 75% |
RBZ Jewellers Limited IPO Lead Manager(s)
The lead manager for RBZ Jewellers Limited IPO is Arihant Capital Markets Ltd.
How to Apply for RBZ Jewellers Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for the RBZ Jewellers Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of RBZ Jewellers Limited IPO
The registrar for RBZ Jewellers Limited IPO is Bigshare Services Pvt Ltd. To check your allotment status, please click on this link: https://ipo.bigshareonline.com/ipo_status.html.
FAQs
- What is the RBZ Jewellers Limited IPO?
RBZ Jewellers Limited IPO is a book-built offering aiming to raise Rs 100 crores through the sale of 1 crore fresh shares. It opens for subscription on December 19, 2023, and closes on December 21, 2023.
- What is the set price range for the RBZ Jewellers IPO?
The IPO’s price is fixed within a range of Rs 95 to Rs 100 per share.
- What is the minimum investment amount for the IPO?
The minimum bid for retail investors is set at 150 shares, totalling Rs 15,000. The minimum investment amount varies for sNII and bNII investor categories.
- Who are the promoters of RBZ Jewellers Limited?
The promoters are Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri.
- How can I apply for this IPO?
You can apply for the IPO through various online platforms, including the link provided by Bigul, once the issue opens.
- How do I check the allotment status of the IPO?
Allotment status can be checked through Bigshare Services Pvt Ltd’s website.
- What are the objectives of the IPO?
The proceeds will be used to fund working capital requirements and general corporate purposes.
- What are the market capitalisation and key performance indicators of RBZ Jewellers IPO?
The market cap is Rs 400 Cr, with a P/E ratio of 13.77, ROE of 27.49%, and other notable financial ratios.
- Who is the lead manager for the IPO?
Arihant Capital Markets Ltd is the lead manager for the IPO.
- What are the shareholding details pre and post-IPO?
Pre-IPO, the promoters hold 100% of the shares, which will change to 75% post-IPO.