RBZ Jewellers IPO: Key Details, Dates, Objectives, and Risks

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RBZ Jewellers IPO

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 DateDecember 19, 2023, to December 21, 2023
Price Band₹95 to ₹100 per share
Lot Size150 Shares
Total Issue Size10,000,000 shares (₹100 Cr)
Fresh Issue10,000,000 shares (₹100 Cr)
Type Of IPOBook Built Issue
Listing AtBSE, NSE

Company Financials

ParticularsFY2023FY2022Growth (%)
Quantity sold & processed (KG)1,058.06940.9912.44
Revenue & Operations (Rs. Crores)287.93252.1114.2
PAT (Rs. Crores)22.3314.4155%
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:

PeersTotal Income (Rs Crores)Diluted EPS (Rs.)RONW (%)
RBZ Jewellers Limited289.627.4424.15%
Kalyan Jewellers Limited141.094.2011.88%
Senco Gold Limited41.08522.8713.04%
Thangamayil Jewellery Ltd31.5658.1320.50%

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.