RBZ Jewellers IPO, which commenced its subscription on December 19, 2023, has achieved a subscription of 0.75 times as of 11:33 AM on Day 1. The subscription details across different categories are as follows:
**Category-wise Subscription (as of 11:33 AM, Day 1):**
– **QIB (Qualified Institutional Buyers):** Subscribed 0.00 times
– Shares Offered: 14,00,000
– Shares Bid For: 0
– **NII (Non-Institutional Investors):** Subscribed 0.11 times
– Shares Offered: 30,00,000
– Shares Bid For: 3,22,950
– bNII (bids above ₹10L): 0.05 times
– Shares Offered: 20,00,000
– Shares Bid For: 95,850
– sNII (bids below ₹10L): 0.23 times
– Shares Offered: 10,00,000
– Shares Bid For: 2,27,100
– **Retail:** Subscribed 1.61 times
– Shares Offered: 35,00,000
– Shares Bid For: 56,31,600
**Overall Subscription Details (as of 11:33 AM, Day 1):**
– **Total Subscription:** 0.75 times
– **Total Shares Offered:** 79,00,000
– **Total Shares Bid For:** 59,54,550
**Total Applications Received:** 33,443
The retail category has witnessed a strong subscription of 1.61 times, reflecting significant interest from individual investors. However, the QIB category has not seen any subscriptions yet, and the NII category has seen a moderate response, with different levels of subscription for bids above and below ₹10 lakh.
Investors are closely monitoring the subscription status, and the final subscription figures at the close of the IPO will provide insights into the overall demand for RBZ Jewellers shares. The IPO comprises a fresh issue of ₹100 crore, with the price band set at ₹95 to ₹100 per share. The offer concludes on Thursday, December 21, 2023.
