RBZ Jewellers Set for IPO

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  • 21 Dec 2023
RBZ Jewellers Set for IPO

About RBZ Jewellers

RBZ Jewellers, a prominent player in the Indian gold jewelry sector, specializes in antique gold jewellery. It distributes its exquisite designs to reputable retailers nationwide and significant regional players in India.

With a rich history spanning over fifteen years in the jewelry industry, the company designs and manufactures a diverse range of antique gold jewellery, including Jadau, Meena, and Kundan work, available for both wholesale and retail purchase. The company's customer base is spread across 19 states and 72 cities within India.

Financial Snapshot

RBZ Jewellers achieved significant revenue growth, enhanced operational efficiency, and sustained profitability. The company also demonstrated a positive trend in return on net worth and earnings per share. Additionally, it kept debt levels manageable and showed healthy financial ratios. Here are some of its key financials for FY 23:

Revenue from Operations Rs 28,792.78 lakhs
Profit after Tax
Rs 2,233.31lakhs
Return on Net Worth
24.15 %
Earnings Per Share
7.44
Total Assets
Rs 20,684 lakhs

RBZ Jewellers IPO Details

The IPO comprises an entirely fresh issue of 1 crore shares with no offer for sale. While about 35% of the offer is reserved for qualified institutional buyers, 35% is for retail investors, and the rest 30% is for non-institutional buyers. Here are some other key details of the offer:

IPO Subscription Starts On 19th December
IPO Subscription Closes On
21st December
Price Band
Rs 95 - 100 per equity share
IPO Lot
150 shares in one lot and in multiples thereafter

RBZ Jewellers plans to utilize Rs 80.75 crore from the proceeds to fund working capital requirements, while it plans to use the remaining amount for general corporate expenses.

How to Apply for RBZ Jewellers IPO?

Apply for this IPO effortlessly with Kotak Securities by following these simple steps:

Log in to your Kotak Securities Demat account Select the current IPO section Provide the IPO details, input the number of lots, and specify your desired price for application Enter your UPI ID, then click submit to place your bid with the exchange Your UPI app will receive a notification to block funds Once approved, your funds will be successfully blocked

In Conclusion

Long-term demand for the gems and jewellery market looks promising thanks to a growing working population, higher disposable income, and enhanced access to credit. Also, with an improved standard of living, demand for gems and jewellery is expected to go up. Investing in the company's IPO can be fruitful in the long run. However, as with any other investment, it's vital to research and ensure you know the risks involved thoroughly.

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