RBZ Jewellers Limited is an India-based gold jewellery manufacturer specialising in the creation of antique designs. The company designs and manufactures a wide range of antique gold jewellery consisting of jadau, meena and kundan work and sells it on wholesale and retail basis.
The company’s wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in India.
RBZ Jewellers Limited also operates its retail showroom under the brand name “Harit Zaveri” and is a leading player in Ahmedabad.
The manufacturing facility has a permitted capacity of 250 artisans and employs 185 sales personnel.
RBZ Jewellers Limited’s manufacturing facility in Ahmedabad, Gujarat can design and manufacture gold jewellery under one roof. The manufacturing facility has an area of 23,966 sq. ft and is owned by RBZ Jewellers.
The company’s major customers by volume in FY23 are Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, Hazoorilal Jewellers Private Limited and others.
RBZ Jewellers IPO – Details
| IPO Opening Date | 19 December 2023 |
| IPO Closing Date | 21 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,00,00,000 Shares Worth ₹100 Crore Fresh Issue: 1,00,00,000 Shares Worth ₹100 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹100 |
| Market Lot | 150 Shares |
| Min Order | 150 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
RBZ Jewellers IPO – Date Schedule
| IPO Open Date | 19 December 2023 |
| IPO Close Date | 21 December 2023 |
| Basis of Allotment Date | 22 December 2023 |
| Initiation of Refund | 26 December 2023 |
| Credit of Shares to Demat Account | 26 December 2023 |
| IPO Listing Date | 27 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 21 December 2023 |
RBZ Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | 15,000 |
| Retail (Max) | 13 | 1,950 | 1,95,000 |
| S-HNI (Min) | 14 | 2,100 | 2,10,000 |
| S-HNI (Max) | 66 | 9,900 | 9,90,000 |
| B-HNI (Min) | 67 | 10,050 | 10,05,000 |
Competitive Strengths
- Organised manufacturing setup under one roof;
- Client mix and geographical spread enhancing understanding of customer preference and emerging trends;
- Design and Innovation in company’s product range;
- Brand built on the core values of trust, transparency and innovation;
- Effective operations and internal control to achieve efficiency and reduce risks;
- Experienced Promoters with young leadership and a demonstrated track record supported by experienced senior management team and board of directors.
Company Promoters
- Rajendrakumar Kantilal Zaveri
- Harit Rajendrakumar Zaveri
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 107.70 | 94.32 | 9.74 | 54.89 |
| 31 March 2022 | 252.52 | 232.91 | 14.40 | 59.71 |
| 31 March 2023 | 289.62 | 259.85 | 22.33 | 95.79 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.49% |
| ROCE | 27.49% |
| Debt/Equity | 1.02 |
| EPS (Rs) | 7.44 |
| RoNW | 20.08% |
Object Of The Issue
- Funding working capital requirements of the Company.
- General corporate purposes.
RBZ Jewellers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Kalyan Jewellers Limited | 78.33 |
| 2 | 10 | Senco Gold Ltd | 32.50 |
| 3 | 10 | Thangamayil Jewellery Ltd | 24.78 |
| 4 | 10 | D P Abhushan Limited | 28.46 |
| 5 | 1 | Titan Company Limited | 93.06 |
| 6 | 10 | Ashapuri Gold Ornament Limited | 14.96 |
| 7 | 10 | Sky Gold Limited | 49.46 |
RBZ Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 75.00% |
RBZ Jewellers IPO Prospectus
Company Contact Information
| RBZ Jewellers Limited Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway Beside Iscon Mall, Ahmedabad, 380054 Phone: +91-79-29915740 Email: cs@rbzjewellers.com Website: https://rbzjewellers.com/ |
RBZ Jewellers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
RBZ Jewellers IPO Lead Manager(s)
| 1. Arihant Capital Markets Ltd |
RBZ Jewellers IPO FAQs
| What is RBZ Jewellers IPO? RBZ Jewellers IPO is a main-board IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on BSE & NSE. |
| When RBZ Jewellers IPO will open? The IPO is to open on 19 December 2023 for QIB, NII, and Retail Investors. |
| What is RBZ Jewellers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the RBZ Jewellers IPO? You can apply RBZ Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the RBZ Jewellers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “RBZ Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the RBZ Jewellers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “RBZ Jewellers“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the RBZ Jewellers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “RBZ Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the RBZ Jewellers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “RBZ Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is RBZ Jewellers IPO Size? RBZ Jewellers IPO size is ₹100 Crore. |
| What is RBZ Jewellers IPO Price Band? RBZ Jewellers IPO Price Band is ₹95 to ₹100. |
| What is RBZ Jewellers IPO Minimum and Maximum Lot Size? The minimum bid is 150 Shares with ₹15,000 amount while the maximum bid is 1950 Shares with ₹1,95,000. |
| What is the RBZ Jewellers IPO Allotment Date? RBZ Jewellers IPO allotment date is 22 December 2023. |
| What is the RBZ Jewellers IPO Listing Date? RBZ Jewellers IPO listing date is 27 December 2023. The IPO is to list on BSE and NSE. |
