RBZ Jewellers listing: Shares debut unchanged, matching IPO price; know all details – Times of India

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RBZ Jewellers IPO listing: RBZ Jewellers made its stock market debut today, with shares maintaining their IPO price of Rs 100. The company’s initial public offering (IPO) generated significant interest, with the public offer being oversubscribed 16.72 times by the closing date.
According to ET, ahead of the official listing, RBZ Jewellers’ shares traded consistently in the grey market. The retail portion of the IPO was oversubscribed by 24.45 times, non-institutional investors participated 9.25 times, and Qualified Institutional Buyers (QIBs) demonstrated significant interest, oversubscribing the reserved category by 13.43 times.
The IPO comprised a fresh issue of 1 crore shares, without any offer for sale (OFS) segment. The funds raised from the IPO, totaling Rs 100 crore, will be allocated towards meeting working capital requirements and covering general corporate expenses.About RBZ Jewellers
RBZ Jewellers, with a history of more than 15 years in the antique gold jewelry industry, specializes in designing and manufacturing various types of antique gold jewelry, including jadau, meena, and kundan work. The company operates in both wholesale and retail markets.
The company has established a solid customer base in the wholesale business, serving reputable national, regional, and local family jewelers across 19 states and 72 cities in India, according to a Care Edge Report.
In the three fiscal years leading up to 2023, RBZ Jewellers experienced robust financial performance, with a compound annual growth rate (CAGR) of 64.05% in revenue from operations. The profit after tax also showed substantial growth, with a CAGR of 51.36% from FY21 to FY23.

In FY23, the company’s revenues increased by 14% to Rs 287.93 crore, primarily driven by higher revenue from the sale of products and services. The issue was valued at a price-to-earnings (P/E) ratio of 13.4x based on FY23 earnings.
Arihant Capital Markets served as the sole book running lead manager for the IPO, and Bigshare Services acted as the registrar to the offer.


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