Last Updated on October 5, 2023 by BFSLTeam BFSLTeam
On 16th June 2023, RBZ Jewellers, one of India’s largest organised gold jewellery manufacturers, filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch its IPO. As of now, the market regulator is currently assessing the application and is yet to provide a green signal. Find out all that you need to know in order to make an informed investment decision about the RBZ Jewellers Pvt Ltd IPO.
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About the Company- RBZ Jewellers Ltd
RBZ Jewellers has been operating in the jewellery business for the last 15 years. The company specialises in antique gold jewellery like Kundan, Meena and Jadau and sells them on a retail as well as wholesale basis.
In India, it has a customer base in 19 states and 72 cities and operates under the “Harit Zaveri” brand. Internationally, it exports its jewellery to the Middle East region. Across its retail stores, customers can find daily wear, occasional and bridal jewellery across various price points.
In Ahmedabad Gujarat, RBZ Jewellers Pvt Ltd has a manufacturing facility that leverages advanced technology like 3D printing, laser, casting, etc., to ensure high product quality. The company employs 250 highly skilled artisans to create unique products at this facility.
RBZ Jewellers Ltd IPO Details
The RBZ Jewellers Pvt Ltd IPO consists of a fresh issue of 1 crore equity shares. The face value of each share is Rs. 10 and there is no offer for sale in this public issue. Arihant Capital Markets Limited has been appointed as the book-running lead manager, while the registrar for the issue will be Bigshare Services Private Limited.
The company is yet to declare tentative dates for its IPO like the bid opening and closing date, listing date, etc. Furthermore, it will announce details like minimum lot size, price band, etc. after consulting its book-running lead manager.
Also Read: Benefits of Investing in IPO
RBZ Jewellers Ltd IPO Objectives
With the funds from its public issue, RBZ Jewellers Pvt Ltd aims to increase its presence across Tier 1 and Tier 2 cities by building relationships with local, regional and national retailers.
Additionally, it plans on expanding its footprint in South India and developing unique designs and product offerings for customers in that region. RBZ will also expand its current product portfolio based on parameters like cultural and regional preferences and weight.
The company will continue investing in its marketing and brand-building initiatives. This includes collaborations with celebrities and influencers, awareness drives, pan-India tours, digital marketing, etc.
The jeweller also aims to improve its inventory management practices by leveraging technology to optimise its operations and create more efficient design processes, thereby maximising profits.
Strengths
If you are planning to invest in RBZ Jewellers IPO, knowing its strengths and weaknesses is essential. Find the company’s strengths mentioned below:
- RBZ Jewellers has an organised manufacturing setup under one roof. This helps the company manufacture all its jewellery in-house in a cost-effective way. At the same time, it can offer a diverse product portfolio which is high-quality and caters to the latest market trends.
- It has strong relationships with leading jewellery retailers in India like Senco Gold Limited, Joyalukkas India Limited, Malabar Gold Private Limited, etc., which increases the geographical spread of its wholesale business.
- To ensure optimum product quality, this company sources its gold from authorised bullion suppliers. All jewellery articles are tested at government-approved hallmarking facilities while its diamonds are certified by agencies like GIA and IGI.
- The company has seen a consistent increase in its total income between FY 2021 to 2023, with figures rising from Rs. 10,770.65 lakh to Rs. 28,962.62 lakh.
- Its highly accomplished senior management team along with its young leaders have the capability to drive growth in the years to come.
Risks
Here are the main risks involved with investing in the RBZ Jewellers Pvt Ltd IPO:
- Failing to maintain or develop its brand can lead to losses
- The inability to meet working capital requirements can hinder operations and as a result, the company’s finances
- Failure to respond to significant changes in market demand or consumer preferences can have a huge impact on the company’s business, operations and finances
- Factors which can adversely affect gold or jewellery sales will result in heavy losses
Also Read: Risk of investing in IPO
Conclusion
You can keep a tab on news websites for the tentative RBZ Jewellers Pvt Ltd IPO subscription dates. Till then, consider checking out the latest updates about this company’s IPO from our website. Furthermore, you can open a Demat and trading account with us. By doing so, you can stay prepared to invest in this IPO as soon as it launches.
Frequently Asked Questions
RBZ Jewellers has declared a fresh issue of 1 crore equity shares with a face value of Rs. 10/share for its upcoming IPO.
Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri are the promoters of RBZ Jewellers Ltd.
To check your IPO allotment status, simply visit the Bigshare Services Private Limited website. Select the company name, enter your PAN, Beneficiary ID or Application Number, enter the CAPTCHA and click on ‘Search’. The system will show you the IPO allotment status.
The statutory auditor of RBZ Jewellers Ltd is G. K. Choksi & Co.
RBZ Jewellers is yet to declare the bid opening and closing dates for its initial public offering after consulting with its book-running lead manager.
