RBZ Jewellers IPO Filing with Sebi

Vaibhav Jewellers sets IPO price at Rs 204-215 per share, raising Rs 270 Cr

RBZ Jewellers aims to raise funds through an IPO and has initiated the filing process with Sebi, the capital markets regulator. Stay updated on their exciting journey!

Reports suggest that RBZ Jewellers, a prominent B2B and retail jewellery firm, plans to secure approximately Rs 100 crore through this IPO. The company intends to allocate around Rs 80.75 crore from the proceeds to meet its working capital requirements and for general corporate purposes.

In terms of financial performance, RBZ Jewellers experienced a noteworthy growth in revenue from operations. In FY2023, their revenue reached Rs 287.93 crore, marking a 14.21 percent increase compared to the previous fiscal year’s figure of Rs 252.11 crore. Moreover, the company’s profit after tax (PAT) saw a substantial surge of 55 percent, rising from Rs 14.41 crore in the preceding financial year to Rs 22.33 crore in fiscal 2023.

To manage the IPO process, Arihant Capital Markets Limited has been appointed as the sole book-running lead manager. RBZ Jewellers plans to list its equity shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), offering investors an opportunity to participate in this exciting venture.

About Rbz Jewellers:

Rbz Jewellers Limited, established on April 15, 2008, is a privately held company. It is registered as a public limited company and is headquartered in Ahmedabad, Gujarat. The company’s authorized share capital is INR 50.00 crore, with a total paid-up capital of INR 30.00 crore. For the financial year ending on March 31, 2022, Rbz Jewellers Limited recorded operating revenues ranging between INR 100 crore and 500 crore. The company’s EBITDA has experienced a growth of 32.35% compared to the previous year, while its book net worth has seen an increase of 26.23%.

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