Rbz Jewellers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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RBZ Jewellers Lt

CMP

135.73

+6.46 (5.00%)

₹100

Offer Price

₹ 100.00 Cr

Issue Size

₹ 15,000

Min Investment

16.86x

Times Subscribed

150

Lot size

Time Line

  • 19
    Dec 2023
    Open
  • 21
    Dec 2023
    Close
  • 22
    Dec 2023
    Finalisation of Basis of Allotment
  • 26
    Dec 2023
    Initiation of Refunds
  • 26
    Dec 2023
    Transfer of Shares to Demat Account
  • 27
    Dec 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Deepen and penetrate its existing customer relationships and continue to expand geographically.

  • Increase its production and enhance its product portfolio.

  • Continue to invest in its marketing and brand building initiatives.

  • Strengthen its Inventory Management practices.

  • Leverage technology to grow.

Products & Services

  • RBZ Jewellers Limited is one of the leading organized manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery.

Strengths

  • Organised manufacturing setup under one roof.

  • Client mix and geographical spread enhancing understanding of customer preference and emerging trends;

  • Design and Innovation in its product range.

  • Brand built on the core values of trust, transparency and innovation.

  • Effective operations and internal control to achieve efficiency and reduce risks;

Risks

  • The strength of the company`s brand is crucial to the success and its may not succeed in continuing to maintain and develop of the brand.

  • The Company requires significant amount of working capital for continued growth. Its inability to meet the working capital requirements, on commercially acceptable terms, may have an adverse impact on the business, financial condition and results of operations.

  • The company`s inability to respond to changes in demands and market trends in a timely manner and failure to expand of the product offering in a diversified manner may have an adverse effect on its business, results of operations and financial condition.

  • The company revenue and earnings are dependent on the sales mix consisting of retail and wholesale as well as provision of job work services and working capital requirements of each segment is different. If its are unable to balance or maintain this sales mix or balance working capital requirement for every segment in future, there could be an adverse impact on the company business, financial condition and results of operations.

  • The company is dependent on the long-term relationship with the customers. In particular, the process substantial volume of gold for the customers for whom the company work on jobwork basis. If such customers were to suffer a deterioration of their business, cease doing business with its or substantially reduce their dealings with it, the company revenues could decline, which could have adverse effect on its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
25.00%
Pre Holding

99.98%

Post Holding

74.98%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 252.11 (135.60%) 287.93 (14.20%) 24.15 (-)
Gross Profit 252.11 (135.60%) 287.93 (14.20%) 24.15 (-)
Net Income 252.11 (135.60%) 287.93 (14.20%) 24.15 (-)
Assets 252.11 (135.60%) 287.93 (14.20%) 24.15 (-)
Liabilities 252.11 (135.60%) 287.93 (14.20%) 24.15 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
RBZ Jewellers Ltd 287.93 22.33 188.61 96.14 24.15 0.00 30.82 9.91 0.51
Kalyan Jewellers India Ltd 14,071.45 433.10 10,712.94 10,712.94 11.91 4.20 35.28 4.04 0.97
Senco Gold Ltd 4,077.40 158.48 2,905.32 2,905.32 17.00 22.87 166.92 5.45 1.26
Thangamayil Jewellery Ltd 3,152.55 79.74 1,246.56 1,246.56 20.50 58.13 283.38 6.39 1.41
Titan Company Ltd 40,575.00 3,250.00 27,023.00 27,023.00 27.42 36.61 133.75 12.02 0.63
Ashapuri Gold Ornament Ltd 158.01 1.79 90.71 90.71 2.16 0.71 33.01 1.96 0.08
Sky Gold Ltd 1,153.80 18.61 252.19 252.19 18.96 17.32 91.34 7.37 1.49

Book Running Managers

  • Arihant Capital Markets Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Block D Mondeal Retail Park,
Near Rajpath Club SG H.W Iscon,
Ahmedabad - 380054
Phone : +91-79-6913 5737 Email : cs@rbzjewellers.com https://www.rbzjewellers.com

Offer Related Information

Initial public issue of 1,00,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of RBZ Jewellers Limited ("The Company" or the "Issuer") for cash at a price of Rs. 100 per equity share (including a premium of Rs. 90 per share) ("Issue Price") aggregating to Rs. 100.00 crores ("The Issue"). The issue will constitute 25% of its post-issue paid-up equity share capital. The face value of equity shares is Rs 10 each. The issue price is 10 times the face value of the equity shares.

News

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