RBZ JEWELLERS IPO UPDATE
A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
Consumer firms plan IPO; startups on poll mandate
India's public market will see about a dozen consumer companies make a debut on the bourses. More on this in today's ETtech Top 5.
Kalyan Jewellers, Sky Gold, 2 more jewellery stocks turned multibaggers since last Akshaya Tritiya
As India marks Akshaya Tritiya today, it's worth noting that the Sensex has surged by 12,750 points, moving from 59,655 on April 21, 2023, to 72,404 on May 9, 2024.
PN Gadgil Jewellers files DRHP with Sebi for Rs 1,100-crore IPO
The IPO includes a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. Promoter SVG Business Trust is supposed to offload part equity.
DOMS, Motisons Jewellers among 11 stocks whose 1-month lock-in period expires in January
Between January 11, 2024, and April 15, 2024, a total of 54 companies are slated to have their pre-listing shareholder lock-ins lifted amounting to the value of $13.52 billion. Here's a look at companies whose 1-month lock in expires in January. (Source: Nuvama)
We always imagine that in each segment RBZ Jewellers has a headroom of 3X at least: Harit Zaveri
RBZ Jewellers' stock remains locked on the upper circuit since its IPO a month and a half ago. The company aims to double its volumes in the next two years, supported by equity and debt raises. With a strong position as an organized manufacturer and retailer, RBZ Jewellers is experiencing robust demand from organized retailers. Margins in the business model vary depending on the segment, but overall stability is expected in terms of ROCE and ROE.
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RBZ Jewellers shares hit upper circuit after muted listing. Should you buy or sell?
The debut was in line with the subdued grey market trend, reflecting cautious investor sentiment towards the company despite its strengths.
RBZ Jewellers shares unchanged on debut, list at par with IPO price
The public offer of RBZ Jewellers was subscribed 16.72 times at close. The retail portion was subscribed 24.45 times and the non institutional investors' portion was booked 9.25 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 13.43 times.
RBZ Jewellers to list on Wednesday. What GMP signals ahead of debut
RBZ Jewellers IPO was subscribed 16.72 times at close. The retail portion was subscribed 24.45 times and the non-institutional investors' portion was booked 9.25 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 13.43 times.
RBZ Jewellers IPO allotment status: Here’s how you can check
RBZ Jewellers IPO was subscribed 16.86 times. The retail portion was subscribed 24.45 times with over 8.55 crore consolidated share bids received against the quota of 35 lakh shares.
RBZ Jewellers IPO: Issue subscribed 16.72 times on final day. Check GMP, other details
RBZ Jewellers IPO GMP: RBZ Jewellers IPO is completely a fresh issue of 1 crore shares. There is no offer for sale (OFS) segment in the public offer. About 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), 15% for non-institutional bidders and 35% for retail investors.
8 IPOs to make D-Street debut next week. Will all listings be positive?
Motisons Jewellers is the most buzzed of the lot, commanding a premium of Rs 76 in the unlisted market against an issue price of Rs 55. The issue, which closed on Wednesday, was subscribed by a massive 159 times at the end, led by non-institutional and retail investors. The share allotment for the public offer is expected later in the evening today.
Motisons Jewellers IPO: Check what GMP indicates ahead of share allotment
Motisons Jewellers IPO was subscribed 159.6 times at close on Wednesday, driven by strong interest from non-institutional buyers and qualified institutional buyers.
RBZ Jewellers IPO: Issue subscribed 7.13 times on Day 2, retail portion 13.10 times
The Non Institutional Investors' portion was subscribed 3.48 times while the qualified institutional buyers subscribed the issue 0.05 times. The RBZ Jewellers IPO will close on December 21, Thursday. Ahead of the launch, the company has raised Rs 21 crore from anchor investors.
RBZ Jewellers IPO: Issue oversubscribed 2.27 times on Day-1. Check GMP
RBZ Jewellers IPO's Non Institutional Investors' (NIIs) portion was subscribed 0.71 times as of 5 pm while the qualified institutional buyers were yet to subscribe the issue. The RBZ Jewellers IPO will close on December 21, Thursday.
6 IPOs open for subscription today. Check latest GMP figures
Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. A higher grey market premium is often a sign of strong listing gains for IPO. Currently, six mainboard IPOs are open and buzzing in the grey market. Take a look:
RBZ Jewellers IPO: Should you subscribe to this Rs 100-crore issue?
RBZ Jewellers IPO: RBZ Jewellers has priced its public offer in the range of Rs 95-100 and at the upper end, it plans to raise Rs 100 crore. About 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), 15% for non-institutional bidders and 35% for retail investors.
Credo Brands raises Rs 165 crore from anchor investors; RBZ Jewellers bags Rs 25 crore
In case of Credo Brands, out of the total allocation of 58.9 lakh equity shares to anchor investors, 24.99 lakh shares were allocated to domestic mutual funds through a total of 3 schemes amounting to Rs 70 crore which is 42.4% of the total anchor book size.
Happy Forgings, RBZ Jewellers and Credo Brands IPOs to open on Tuesday. What GMP indicates ahead of subscription
Ahead of the IPO opening, Happy Forgings is trading at a premium of Rs 440 in the unlisted market as against an issue price of Rs 850. Credo Brands is commanding a premium of Rs 125, compared with an upper price band of Rs 280.
7 mainboard IPOs to flood Dalal Street this week. Check details
Dalal Street is heading for a busy time as at least seven mainboard IPOs will open for subscription this week. Here's a list of IPOs that will open for subscription:
IPO calendar next week: 11 IPOs, including 7 mainboard issues, lined up to raise Rs 4,000 cr
Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.
RBZ Jewellers IPO to open on December 19. Here are 10 things to know about the offer
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: Price band announced at Rs 95-100. Check details
The gold jewellery maker specialises in Antique gold jewellery with a history spanning over 15 years in the industry. 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.
RBZ Jewellers IPO to open for subscription on December 19. Check details
About 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), 15% for non-institutional bidders and 35% for retail investors. The proceeds to the extent of Rs 80.75 crore will be used for funding working capital requirements and general corporate expenses.
Motisons Jewellers IPO to open on December 18. Check details
The company had filed its DRHP in March this year and received approval from the regulator in September. In October, the Jaipur-based retail jeweller raised Rs 33 crore in its pre-IPO funding round.
Ahmedabad -based RBZ Jewellers gets IPO nod
The proceeds to the extent of ₹80.75 crore will be used for funding working capital requirements and general corporate expenses. RBZ is a gold jewellery manufacturer and specialises in Antique gold jewellery.
Vaibhav Jewellers, JSW Infrastructure IPOs fully subscribed; Updater Services sees tepid response so far
The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of bidding process. The overall subscription stood at 2.25 times at close. The NII portion was subscribed the most at 5.18x, followed by retail category at 1.66x. The part reserved for qualified institutional buyers was booked 1.06x
Vaibhav Jewellers IPO opens for subscription. Should you invest?
Vaibhav Jewellers, one of the earlier entrants in the organised jewellery retail market of Andhra Pradesh, is looking to raise Rs 270 crore via its IPO. Analysts are mixed on the IPO given competitive nature of industry.
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