RBZ Jewellers Limited, set to make its debut on the stock market, i launching an Initial Public Offering (IPO) to raise Rs 100 crores and the entire issue comprises a fresh offering of 1 crore shares.
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RBZ Jewellers IPO Subscription DateThe RBZ Jewellers IPO opened for subscription on December 19, 2023, and it will be closing on December 21, 2023.
RBZ Jewellers IPO Allotment DateThe IPO allotment is anticipated to be finalised on December 22, 2023.
RBZ Jewellers IPO Listing DateThe listing on BSE and NSE scheduled for December 27, 2023.
RBZ Jewellers IPO Price Band And Minimum Investment The IPO price band is fixed at Rs 95 to Rs 100 per share, with a minimum lot size of 150 shares.
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Retail investors need a minimum investment of Rs 15,000 to participate. Substantial Non-Institutional Investors (sNII) are required to apply for a minimum of 14 lots (2,100 shares), amounting to Rs 210,000, while Qualified Institutional Buyers (bNII) must apply for 67 lots (10,050 shares), totaling Rs 1,005,000.
Arihant Capital Markets Ltd is serving as the book running lead manager for the RBZ Jewellers IPO, and Bigshare Services Pvt Ltd is appointed as the registrar for the issue.
RBZ Jewellers IPO AboutEstablished in April 2008, RBZ Jewellers Limited specializes in the manufacturing of antique gold jewelry, particularly renowned for its jadau, meena, and kundan work designs.
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Operating under the brand name Harit Zaveri, the company has positioned itself as a prominent player in the gold jewelry market in Ahmedabad.
