RBZ Jewellers IPO: Key Details, Dates, Objectives, and Risks
Excitement reverberates in the financial realm as RBZ Jewellers Limited prepares to embark on its Initial Public Offering (IPO) journey. Scheduled from December 19, 2023, to December 21, 2023, this IPO presents a golden opportunity for investors. In this blog, we will meticulously dissect the critical facets of RBZ Jewellers IPO, covering essential details such as dates, financials, company background, and objectives.
Key Details on RBZ Jewellers IPO
| IPO Date | December 19, 2023, to December 21, 2023 |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 10,000,000 shares (₹100 Cr) |
| Fresh Issue | 10,000,000 shares (₹100 Cr) |
| Type Of IPO | Book Built Issue |
| Listing At | BSE, NSE |
Company Financials
| Particulars | FY2023 | FY2022 | Growth (%) |
| Quantity sold & processed (KG) | 1,058.06 | 940.99 | 12.44 |
| Revenue & Operations (Rs. Crores) | 287.93 | 252.11 | 14.2 |
| PAT (Rs. Crores) | 22.33 | 14.41 | 55% |
| ROE (%) | 27.94% | 22.94% | 21.79% |
What Does the RBZ Jewellers Do?
Founded in 2008, RBZ Jewellers has solidified its position as a gold jewelry manufacturer specializing in antique designs. Renowned for its brand "Harit Zaveri," the company has established a significant retail presence in Ahmedabad.
Serving a diverse clientele, RBZ Jewellers counts Hazoorilal Jewellers, Malabar Gold, Titan Company Limited, and others among its key customers.
Peer Comparison
For 2023:
| Peers | Total Income (Rs Crores) | Diluted EPS (Rs.) | RONW (%) |
| RBZ Jewellers Limited | 289.62 | 7.44 | 24.15% |
| Kalyan Jewellers Limited | 141.09 | 4.20 | 11.88% |
| Senco Gold Limited | 41.085 | 22.87 | 13.04% |
| Thangamayil Jewellery Ltd | 31.56 | 58.13 | 20.50% |
Key Objectives
The net proceeds from the IPO are earmarked for funding existing and future working capital requirements of the company, along with general corporate purposes. Notably, the entire issue is being raised through promoter shareholding, leading to a reduction from 100% to 75% post-IPO.
As RBZ Jewellers IPO steps into the public domain, investors are poised for an engaging journey. Mark the IPO dates on your calendar and consider the presented key details as you assess this promising investment opportunity. Stay tuned for further updates as RBZ Jewellers ventures into this significant financial milestone.