RBZ Jewellers Limited
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RBZ Jewellers Limited's successfully transitioned to public market status with its listing on NSE, BSE on Dec 27, 2023. The IPO mobilized 1,00,00,000 Shares in cumulative capital, including 1,00,00,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹95 to ₹100, with minimum investment lots of 150 shares. subscription activity between Dec 19, 2023 and Dec 21, 2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Dec 22, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in April 2008, RBZ Jewellers Limited is an India-based gold jewellery manufacturer specializing in antique designs. The company designs and produces a wide range of antique gold jewellery, including jadau, meena, and kundan work, catering to both wholesale and retail markets. Its wholesale customer base includes well-known national, regional, and local family jewellers across 19 states and 72 cities in India. RBZ Jewellers also operates a retail showroom under the brand "Harit Zaveri", making it a leading name in Ahmedabad. The company’s state-of-the-art manufacturing facility in Ahmedabad, Gujarat, spans 23,966 sq. ft and is fully owned by RBZ Jewellers. This facility can design and manufacture gold jewellery under one roof, with a permitted capacity of 250 artisans and 185 sales personnel. RBZ Jewellers’ major customers by volume in FY23 include Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, Senco Gold Limited, and Hazoorilal Jewellers Private Limited, among others. With a focus on craftsmanship, tradition, and innovation, the company continues to be a key player in the gold jewellery industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Rajendrakumar Kantilal Zaveri
- Harit Rajendrakumar Zaveri
RBZ Jewellers Limited
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