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    RBZ Jewellers IPO to open on December 19. Here are 10 things to know about the offer

    Synopsis

    The share allotment for RBZ Jewellers IPO is scheduled for December 22, just a day after the issue closing. The tentative listing date is fixed as December 27.

    RBZ Jewellers IPO to open on December 19. Here are 10 things to know about the offeriStock
    The initial public offering (IPO) of RBZ Jewellers will open for subscription on December 19 and close on December 21. The company's shares are expected to list on both exchanges. Here are 10 things to know about the offer.
    1. What is the business overview of RBZ Jewellers?
      The company is a gold jewellery maker specialising in antique gold jewellery. It specializes in designing and manufacturing a diverse range of antique gold jewellery, including jadau, meena, and kundan work, which they sell on both wholesale and retail platforms. According to a Care Edge Report, RBZ Jewellers has established a customer base in the wholesale business, serving reputed national, regional, and local family jewellers across 19 states and 72 cities in India.
    2. What is the industry overview of RBZ Jewellers?
      In calendar year 2022, the gems and jewellery market size of organized wholesales in India was of Rs 21600 crore and the organized retail jewellery market in India was Rs 1.5-1.6 lakh crore. The long-term demand prospects for the sector are supported by a growing working population, higher disposable income, easier access to credit and improved standard of living.
    3. What is the size of RBZ Jewellers IPO?
      The IPO is completely a fresh issue of 1 crore shares. There is no offer for sale (OFS) segment in the public offer.
    4. What is the price band for RBZ Jewellers IPO?
      The price band of this public issue is fixed at Rs 95-100, and at the upper end, the company plans to raise Rs 100 crore. Investors can bid for 150 shares in 1 lot and in multiples thereafter.
    5. What is the structure of RBZ Jewellers IPO?
      About 35% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 30% for non-institutional investors.
    6. How is the financial performance of RBZ Jewellers?
      In FY23, the company's revenues rose 14% year-on-year to Rs 288 crore, primarily attributed to higher revenue generated from the sale of products and services. Net profit in the same period jumped 55% to Rs 22.3 crore.
    7. What are the objects of RBZ Jewellers IPO?
      The proceeds to the extent of Rs 80.75 crore will be used for funding working capital requirements and the rest will be utilised for general corporate expenses.
    8. What is the current GMP of RBZ Jewellers IPO?
      According to market analysts, the current GMP of RBZ Jewellers is Rs 0 in the unlisted market.
    9. Who are the book-running lead managers for RBZ Jewellers IPO?
      Arihant Capital Markets is the sole book-running lead manager and Bigshare Services is the registrar to the offer.
    10. When is the share allotment and listing date for RBZ Jewellers IPO?
      The share allotment for RBZ Jewellers IPO is scheduled for December 22, just a day after the issue closing. The tentative listing date is fixed as December 27.



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