RBZ Jewellers IPO: Issue fully subscribed on Day 01; retail portion booked 4.45 times
₹100 crore via the issuance of fresh equity shares. The price band for the offer has been fixed at ₹95–100 per equity share, with a face value of ₹10 each. Also Read: RBZ Jewellers IPO opens today: Should you subscribe to the issue? RBZ Jewellers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Investors can bid for a minimum of 150 equity shares and in multiples of 150 thereafter. Hence, at the upper price band, retail investors will have to invest ₹15,000 for one lot. RBZ Jewellers is one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India.
Also Read: RBZ Jewellers Limited raises ₹21 crore from anchor investors ahead of IPO It is strategically looking to establish a strong presence in Southern India, which accounts for 41% of the total jewellery demand in the country. It occupies 10,417 square feet of the showroom, while the remaining 1,250 square feet are leased. The IPO was fully subscribed on the first day of its offering.
The IPO received bids for 1,80,43,350 shares against the 79,00,000 shares available for subscription, resulting in a subscription rate of 2.28 times, as per BSE data. Notably, the retail segment of the IPO showed strong demand, with a subscription rate of 4.45 times. The non-institutional investors (NIIs) segment saw a subscription rate of 0.71 times, while the qualified institutional buyers (QIB) portion received no subscriptions Also Read:
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