RBZ Jewellers Limited is set to launch its Initial Public Offering (IPO), and the key details are as follows:
### RBZ Jewellers IPO Overview:
– **Issue Size:** 1 crore shares
– **Type:** Book Built Issue (entirely fresh shares)
– **IPO Dates:** December 19, 2023, to December 21, 2023
– **Allotment Date:** December 22, 2023
– **Listing Date:** December 27, 2023, on BSE, NSE
– **Face Value:** ₹10 per share
– **Lot Size:** To be announced
– **Issue Price Range:** To be announced
– **Total Issue Size:** 10,000,000 shares (aggregating up to ₹[.] Cr)
– **Fresh Issue:** 10,000,000 shares (aggregating up to ₹[.] Cr)
### RBZ Jewellers IPO Reservation:
– **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
### RBZ Jewellers IPO Timeline:
– **IPO Opens:** December 19, 2023
– **IPO Closes:** December 21, 2023
– **Basis of Allotment:** December 22, 2023
– **Refund Initiation:** December 26, 2023
– **Shares Credited to Demat:** December 26, 2023
– **Listing Date:** December 27, 2023
– **Cut-off time for UPI mandate confirmation:** 5 PM on December 21, 2023
### Promoter Holding:
– **Promoters:** Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri
– **Share Holding Pre-Issue:** 100%
– **Share Holding Post-Issue:** To be determined
### About RBZ Jewellers Limited:
RBZ Jewellers Limited, established in April 2008, is an Indian gold jewelry manufacturer specializing in antique designs. The company’s product range includes antique gold jewelry with jadau, meena, and kundan work, sold on both wholesale and retail bases. RBZ Jewellers operates its retail showroom under the brand name “Harit Zaveri” and is a prominent player in Ahmedabad. The manufacturing facility in Ahmedabad has a permitted capacity of 250 artisans.
### Financial Information (Restated):
– **Revenue Increase (FY22 to FY23):** 14.69%
– **PAT Increase (FY22 to FY23):** 55.03%
– **ROE:** 27.49%
– **ROCE:** 27.49%
– **Debt/Equity:** 1.02
– **EPS (Rs):** 7.44
– **Return on Net Worth (RoNW):** 20.08%
### Objects of the Issue:
The net proceeds from the IPO are intended to be used for:
1. Funding working capital requirements of the Company
2. General Corporate Purposes
### IPO Prospectus:
The Detailed Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) provide comprehensive information about RBZ Jewellers IPO, including financials, business strategies, and risk factors.
*Note: Specific details such as the price band, lot size, and post-issue shareholding are yet to be announced. For detailed information, refer to the RBZ Jewellers IPO RHP (Red Herring Prospectus).*
