The RBZ Jewellers IPO is set with a price band of ₹95 to ₹100 per equity share, each having a face value of ₹10. Renowned as one of the prominent organized manufacturers of gold jewelry in India, RBZ Jewellers specializes in crafting exquisite antique bridal gold jewelry.
The IPO subscription period is from December 19 (Tuesday) to December 21 (Thursday). The company aims to raise ₹100 crore through the issuance of fresh equity shares. The net proceeds from the IPO will be directed towards funding the company’s working capital requirements and general corporate purposes.
Retail investors have the opportunity to bid for up to 13 lots, with each lot comprising 150 shares. At the upper end of the price band (₹100), retail investors need to make a minimum investment of ₹15,000 per lot.
RBZ Jewellers IPO allocates not more than 50% of the shares for qualified institutional buyers (QIBs), a minimum of 15% for non-institutional investors (NIIs), and at least 35% for retail investors.
The basis for the allotment of shares is expected to be finalized on Friday, December 22, with refunds initiated on Tuesday, December 26. Shares will be credited to the Demat accounts of allottees on the same day following the refund. RBZ Jewellers’ shares are anticipated to be listed on the BSE and NSE on Wednesday, December 27.
About RBZ Jewellers:
RBZ Jewellers stands out as a leading organized manufacturer of gold jewelry in India, with a specialization in crafting antique bridal gold jewelry. The company distributes its creations to reputable nationwide retailers and significant regional players in India.
According to its Red Herring Prospectus (RHP) report, RBZ Jewellers holds approximately 1% of the total organized wholesale gold jewelry market in India. The company designs and manufactures a diverse range of antique bridal gold jewelry, featuring jadau, meena, and kundan work, selling it on both wholesale and retail bases. Additionally, RBZ Jewellers processes and supplies antique bridal gold jewelry on a job work basis to national retailers. The wholesale business caters to reputed national, regional, and local family jewelers across 20 states and 72 cities in India, as indicated in the RHP.
