December 27, 2023
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RBZ Jewellers IPO GMP, Details & Review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
RBZ Jewellers IPO Post listing Review: The scrip listed at par. There was no premium in the grey market for this IPO.
Why should I apply RBZ Jewellers IPO? Review:
RBZ Jewellers IPO last GMP
Premium: Rs.5 No trades
Kostak Rs. 600
Subject to Rs. 8400
What is the Subscription Status of RBZ Jewellers IPO?
On 21 December 2023 5.00 pm (Day 3)
Review: Weak subscription from NIIs &QIBs
QIB: 1400000 Shares 13.43 T
NII(10L+): 2000000 Shares 6.79 T
NII (<10L) 1000000 Shares 14.18 T
NII (Total) 3000000 Shares 9.25 T
RII: 3500000 Shares 24.60 T
Total: 7900000 Shares 16.79 T
Who is the promoter of RBZ Jewellers IPO?
RAJENDRAKUMAR KANTILAL ZAVERI AND HARIT RAJENDRAKUMAR
What is the business of RBZ Jewellers?
The company is one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India. It has a history of more than fifteen (15) years in the jewellery industry. It designs and
manufactures a wide range of Antique Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. It also processes and supplies Antique Gold Jewellery on job work basis to national retailers. Its customer base in wholesale business includes reputed national, regional and local family jewellers spread across 19 States and 72 cities within India. The Company also operates its retail showroom under the brand name “Harit Zaveri” and is a leading player in Ahmedabad. It offers jewellery for bridal, occasional and daily wear at various price range in our retail showroom.
It also exports its jewellery to Middle East region. It carries out its manufacturing operations from a wellequipped and modern facility situated at Ahmedabad, Gujarat having advanced technologies in casting, laser and 3-D printing. Its retail showroom is situated in the prominent area of Ahmedabad, Gujarat.
History: The Promoters of the Company belong to a family of jewellers who have been involved in the same business over decades. Shri Bababhai Hargovandas Zaveri, a renowned goldsmith from Patan, Gujarat, laid the foundation of its family gold business several decades ago. .
In order to carry on the business in a corporate form, this Company was incorporated.
It has a well-equipped and modern gold jewellery manufacturing facility situated at Sarkhej Gandhinagar Highway, Ahmedabad, Gujarat having capability to design as well as manufacture gold jewellery under one roof. The manufacturing facility has an area admeasuring 23,966 sq. ft and is owned by the company.
Its retail showroom spread over 11,667 sq. ft. is situated in Satellite area, Ahmedabad, Gujarat in the vicinit where other large retailers have their presence. It owns an area admeasuring 10,417 sq. ft. of our showroom space and area admeasuring 1,250 sq. ft. is occupied on lease basis.
The Company started its journey with a work force of only eight (8) persons and it has over a period of time, increased its work force to 185 employees.
For more information, click https://www.rbzjewellers.com/
What is the object of RBZ Jewellers IPO?
The Net Proceeds from the Issue are proposed to be utilized towards the Funding working capital requirements of the Company.
RBZ Jewellers IPO Grey Market Premium, Particulars & Guidance
| RBZ Jewellers IPO Details | |
| IPO opens on | 19 December, 2023 |
| IPO closes on | 21 December, 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 100,00,000 Sh /Rs 100 Cr |
| * Fresh Issue | 100,00000 Sh /Rs 100 Cr |
| * Offer for Sale | – Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 95-100 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 150 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (10 %) | X | X |
| NII (30 %) | X | X |
| RII (60 %) | X | X |
| Employees | X | – |
| Total Shares | X | X |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in RBZ Jewellers IPO ? | Amount in Rs | |
| Min Retail Application | 150 Sh | 15000 |
| Max Retail Application | 1950 Sh | 195000 |
| Small HNI (Min) application | 2100 Sh | 210000 |
| Small HNI (Max) application | 9900 Sh | 990000 |
| Big HNI Application | 10050 Sh | 1005000 |
| What is the timetable of RBZ Jewellers IPO? | |
| IPO opens on | 19 December, 2023 |
| IPO Closes on | 21 December, 2023 |
| IPO Allotment on | 22 December, 2023 |
| Unblocking of ASBA | 22 December, 2023 |
| Credit of Shares | 26 December, 2023 |
| Listing on | 27 December, 2023 |
| Registered Office of RBZ Jewellers | |
| Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway, Beside Iscon Mall, Ahmedabad, Gujarat-380054, India |
|
| Who are the Lead Managers of RBZ Jewellers IPO? Arihant Capital Markets Limited |
|
| Registrar to IPO | |
| Bigshare Services Pvt. ltd. |
| RBZ Jewellers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 107.71 | 9.75 | 3.12 | 17.55 |
| 2021-22 | 252.53 | 14.41 | 4.80 | 20.57 |
| 2022-23 | 289.63 | 23.33 | 7.44 | 24.15 |
| Book Value of the Share on 31.03.2023 | Rs. | 30.82 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 100 | ||
| Ratio Analysis | |
| Price /EPS | 13.44 |
| Price/Book Value Ratio | 3.24 |
| Price/BV after IPO | ? |
RBZ Jewellers IPO GMP & details
Which are the companies which can be compared with RBZ Jewellers? Study Peer Comparison.
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | 290 | 10 | 13.44 |
| Thangamayil Jwellery | 3156 | 10 | 23.31 |
| D.P.Abhushan | 1975 | 10 | 13.91 |
| Titan ltd | 40883 | 11 | 77.12 |
| Ashapuri Gold | 158 | 10 | 109.89 |
| Sky Gold | 1155 | 10 | 23.99 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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