RBZ Jewellers IPO: What GMP, experts siganl as shares ready to list today

livemint.com:

RBZ Jewellers IPO: Listing date for the initial putlic offering (IPO) of RBZ Jewellers Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, RBZ Jewellers share will list on BSE and NES in special per open session during Wednesday deals.

"Trading Members of the Exchange are hereby informed that effective from Wednesday, December 27, 2023, the equity shares of RBZ Jewellers Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities," BSE notice said adding, "The scrip will be in Trade-for-Trade segment for 10 trading days." Credo Brands IPO listing date today. GMP, experts see positive debut of shares According to stock market experts, RBZ Jewellers IPO received tepid response by investors but stock market sentiments are also condusive for listing of shares. They said that Happy RBZ Jewellers share price may manage to have a flat to positive listing.

Meanwhile, shares of RBZ Jewellers Ltd are still not trading in grey market, which means grey market is still neutral on the jewellery brand. Expecting positive debut of RBZ Jewellers shares, Prathamesh Masdekar, Research Analyst at StoxBox said, "With the RBZ Jewellers Ltd. IPO coming on the bourses on 26 September 2023, we expect a decent listing for the issue.

We expect the IPO to open at a premium of around 5% to the issuance price of ₹100 per share." "Their customer base in wholesale business includes reputed national, regional, and local family jewellers spread across 20 states and 72 cities within India. The unique proposition of their business model is their complete control over the entire value chain. The company also has a track record of sustained consolidated revenue