RBZ Jewellers IPO Details
Issue Date
19 Dec - 21 Dec'23
Price Range
₹95 - ₹100
Lot Size
150
IPO Size
₹100.00 Cr
RBZ Jewellers IPO Listing Details
Listing On
27 Dec'23
Issue Price
₹100
Listed Price
₹ 100
Retail Gain/Listing Gain
▲0.00%
Schedule of RBZ Jewellers IPO
Start date
19/12/2023
End date
21/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
27/12/2023
RBZ Jewellers Limited IPO Issue Details | Dates, issue size and more
Kotak Securities
•01m 01s
Company Background
RBZ Jewellers Limited is one of the leading organised manufacturers of gold jewellery in India, specialising in antique bridal gold jewellery.
The company designs and manufactures a wide range of antique bridal gold jewellery which consists of jadau, meena and kundan work and sells it on a wholesale and retail basis, as well as distributing to reputable nationwide retailers and significant regional players in India, spread across 20 States and 72 cities (Source: Care Edge Report).
Let's take a look at the competitive strengths and risk factors for RBZ Jewellers Limited:
Competitive Strengths
Client Mix and geographical spread
The company has established a strong foothold in the market and has a deep understanding of local customer preferences and trends. They hold relationships with national retailers like Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited and other prominent retailers. This clientele has further enhanced the brand’s credibility and reputation in the industry.
Organised manufacturing setup under one roof
The company has its manufacturing set up consisting of bench-working artisans, technology for laser cutting, laser engraving and state-of-the-art casting units, alongside advanced technology to facilitate the design of jewellery. The facility under one roof brings efficiency, control, supply assurance and large-scale supplies that are crucial to meet the demands of customers. It also helps in commanding better management oversight, security of precious metals due to reduced movement and most importantly, controlling the manufacturing process loss. This enables the company to control costs and increase profit margins and gives them a competitive advantage.
Risk Factors
- The company requires a significant amount of working capital for continued growth.
- The inability to respond to market trends and failure to expand the product offerings in a diversified manner may adversely affect the business.
- The company currently does not have exclusive or fixed supply arrangements with any of its gold suppliers, though they are dependent on a few suppliers.
Key Strategies
- Deepen and penetrate existing customer relationships and continue to expand geographically.
- Increase production and enhance the product portfolio.
- Continue to invest in marketing and brand-building initiatives.
RBZ Jewellers Key Financials
Here are the key financials for RBZ Jewellers Limited:
How to apply for IPO through ASBA
Kotak Securities
•00m 59 s
How To Apply for RBZ Jewellers Ltd IPO?
Here are the steps to apply for RBZ Jewellers Ltd:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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