RBZ Jewellers Limited is launching its IPO. The opens for subscription on 19th December and will close on 21st December 2023.
What does RBZ Jewellers Limited do?
RBZ Jewellers is a renowned Indian manufacturer of Antique Gold Jewellery, supplying national and regional retailers. Their expertise lies in crafting Jadau, Meena, and Kundan pieces, serving both wholesale and retail sectors with over 15 years of industry experience. Operating a thriving retail outlet named “Harit Zaveri” in Ahmedabad, they established “Harit Zaveri Jewellers” in 2014, specializing in gold, diamond, and Polki jewelry tailored for bridal, occasional, and everyday wear.
RBZ Jewellers, founded in 2008 as a private limited entity, has a manufacturing facility of 23,966 sq. ft. in Ahmedabad, Gujarat, alongside an 11,667 sq. ft. retail showroom. Starting with eight employees, the company has grown to 185 employees.
In 2023, despite escalating gold prices, the company experienced a notable 12.44% revenue increase in Fiscal 2023. Their product line focuses on Antique Gold bridal jewelry, merging traditional Indian artistry with modern designs, and features an assortment of precious stones such as diamonds, emeralds, rubies, and pearls.
What is the issue size of RBZ Jewellers IPO?
The entire public offer of the company is a fresh issue of up to 1,00,00,000 (1 crore) equity shares.
Financial information and other valuation metrics (in crores)
| Particulars | As of March 31, 2023 | As of March 31, 2022 | As of March 31, 2021 |
|---|---|---|---|
| Total Assets | 206.84 | 154.03 | 123.74 |
| Total income | 289.6 | 252.53 | 107.7 |
| Net Cash inflow / (outflow) from operating activities | (11.227) | 0.8738 | (2.641) |
| Profit after taxes | 22.333 | 14.406 | 9.748 |
| EBITDA | 39.46 | 27.19 | 21.16 |
Risk factors to consider:
There’s no assurance of active or sustained trading in the Equity Shares or regarding the price at which they will be traded after listing.
The company prioritizes stringent quality control and BIS standard hallmarking in manufacturing but faces uncertainty regarding product adherence to designs and high-quality standards due to a small portion sourced from third parties
The company produces intricate gold jewelry requiring specialized craftsmanship lack of formal arrangements with in-house artisans may slow production and hinder artisan retention.
The company faces potential inventory loss due to theft, employee negligence, and other incidents during transit, manufacturing, or at showrooms despite implementing security measures. Previous instances of theft and design infringement have occurred, impacting finances.
Lack of registered designs might pose challenges in protecting intellectual property rights, potentially leading to revenue loss if competitors copy designs.
Schedule of RBZ Jewellers Limited IPO
| Issue Period | 19th December to 21st December 2023 |
|---|---|
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 22, 2023 |
| Initiation of Refunds | December 26, 2023 |
| Credit of Shares | December 26, 2023 |
| Date of Listing | December 27, 2023 |
| Mandate end date | January 05, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 21, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 21, 2024 |
How to apply to the RBZ Jewellers Limited IPO?
You can apply for the RBZ Jewellers Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for RBZ Jewellers Limited IPO?
You can check the allotment status for the RBZ Jewellers Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.