RBZ Jewellers Limited

About RBZ Jewellers Limited  Incorporated in 2008, RBZ Jewellers Limited is one of the leading organised manufacturers of gold jewellery in India, specialising in antique bridal gold jewellery. It distributes the jewellery to nation-wide retailers and significant regional players and holds a market share of 1% of the total organised wholesale gold jewellery market in India.  The company designs and manufactures a wide range of antique bridal gold jewellery consisting of jadau, Meena and Kundan work and sells it on a wholesale and retail basis. Its customer base in wholesale business includes national, regional and local family jewellers spread across 20 States and 72 cities within India. It also operates a retail showroom under the brand name “Harit Zaveri” and is an established player in Ahmedabad.  Its manufacturing facility is situated in Ahmedabad, Gujarat where both the designing and the manufacturing takes place. It employs advanced technologies in casting, laser and 3-D printing.  It has a work-force of 189 employees and a permitted capacity of 250 artisans in its manufacturing facilities. Its marketing endeavours include celebrity engagements, venture with reputed magazines, awareness campaigns in societies, pan India sales tours, advertisements in newspaper, radio shows, billboards including digital media and participation in national, regional and local jewellery exhibitions.  The company also exports its jewellery to the Middle East region.  Between FY21 and FY23, it saw a CAGR rise of 39% in its revenue from operations and 31% in its profit. Moreover, it is estimated that about 10-13 million weddings are held in India every year and the bridal jewellery segment accounts for about 65%-70% share of the total wholesale jewellery segment. Plus, the domestic gold wholesale jewellery industry is expected to grow at a CAGR of 2.5% by 2023, all of which could be beneficial for the company.  And now, RBZ Jewellers Limited is coming out with its initial public offer (IPO). The entire IPO will be a fresh issue. The money raised through the fresh issue will be utilised for funding capital expenditure and general corporate purposes. Its shares will be listed on the NSE and the BSE.  Here are key details about the RBZ Jewellers Limited IPO:     Company Name  RBZ Jewellers Limited   Company Type  Private    Company Established On  2008   RBZ Jewellers Limited IPO Opening Date  19th December 2023    RBZ Jewellers Limited IPO Closing Date  21st December 2023   RBZ Jewellers Limited IPO Allotment Status  22nd December 2023    Credit of Shares to the Demat Account  26th December 2023   RBZ Jewellers Limited IPO Listing Date  27th December 2023    RBZ Jewellers Limited IPO Face Value  ₹10 per share   RBZ Jewellers Limited IPO Lot Size  150 shares    RBZ Jewellers Limited IPO Issue Size  Approx ₹100 crore   RBZ Jewellers Limited IPO to be Listed on  BSE, NSE    RBZ Jewellers Limited IPO Price band  ₹95 – ₹100 per share        Financial snapshot     Particulars  FY21  FY22  FY23    Revenue  ₹ 106 crore  ₹ 252 crore  ₹ 287 crore    Net Profit  ₹ 9.74 crore  ₹ 14.4 crore  ₹ 22.3 crore               Here’s a quick look at RBZ Jewellers Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)  Strengths and opportunities   Organised manufacturing setup under one roof with a manufacturing capability of processing gold jewellery of 2,040 kg for the six month period ended 30 September 2023.  Geographical spread and client mix consisting national retailers such as Titan, Malabar, Joyalukkas, Senco, Kalamandir, PN Gadgil and prestigious 170 family retailers such as Hazoorilal Jewellers, Om Jewellers, C. Krishniah Chetty Jewellers, Vummidi Bangaru Jewellers and CH Jewellers.  Design and innovation in product range spanning antique, bridal, traditional, contemporary and combination designs across jewellery lines and price points.  Established systems and procedures to mitigate risk in terms of inventory, surveillance and insurance.  EBITDA margins of 19%, 10% and 13% in FY21, FY22 and FY23 respectively.   Risks and threats   Capital intensive business with working capital requirements amounting to ₹96 crore, ₹110 crore and ₹149 crore in FY21, FY22 and FY23 respectively.  Has experienced negative cash flows from operating activities in FY21, FY23 and the six months ended until 30 September 2023.  Has incurred indebtedness amassing to ₹101 crore as of 30 September 2023.  Had an employee attrition rate of 64%, 60% and 56% in FY21, FY22 and FY23 respectively.  Subject to seasonal fluctuations, especially lower income in peak seasons may have a disproportionate effect.  Subject to the risk of fraud, raw material or jewellery theft, design theft, employee negligence or similar incidents.  Subject to extensive statutory and regulatory requirements and supervision.  Faces competition from both the organised and unorganised players in the industry.            RBZ Jewellers Limited IPO details  |RBZ Jewellers Limited IPO date  According to the offer document filed by the company with the SEBI, the RBZ Jewellers IPO’s opening date – in other words, the RBZ Jewellers IPO launch date – will be 19th December 2023. The RBZ Jewellers IPO closing date is 21st December 2023. After this, investors will be updated about the allotment status on 22nd December 2023.  Investors, who have been allotted shares, can expect them to be credited to their demat account on 26th December 2023. The RBZ Jewellers IPO listing date is 27th December 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  |RBZ Jewellers Limited IPO Price Band  The entire IPO is a fresh issue. The RBZ Jewellers IPO price band has been set between ₹95 and ₹100 per share. Interested investors can choose a price within this band to apply for the IPO.  The RBZ Jewellers IPO listing price will be determined on 27th December 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.  |RBZ Jewellers Limited IPO Lot size  The RBZ Jewellers IPO details have been declared. The RBZ Jewellers IPO lot size is set at 150 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the RBZ Jewellers IPO issue size is approx ₹100 crore.           How to pre-apply for the RBZ Jewellers Limited IPO?  You can pre-apply for the RBZ Jewellers Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.  Follow these steps to pre-apply for the IPO:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘RBZ Jewellers Limited IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Pre-Apply’  Accept the mandate on your UPI app            How to apply for the RBZ Jewellers Limited IPO?  If you are interested in this investment opportunity but unsure how to apply for the RBZ Jewellers Limited IPO, here we are listing out the steps for you.  When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the RBZ Jewellers Limited IPO on Upstox:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘RBZ Jewellers Limited IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Apply’  Accept the mandate on your UPI app            How to check the RBZ Jewellers LimitedIPO allotment status?  When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.  Here’s a step-by-step guide on how to check the RBZ Jewellers Limited IPO allotment status:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover page, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, you will find the ‘View all’ option  Once you click on ‘View all’, you will be directed to the ‘IPO’ tab  In the ‘IPO’ tab, click on ‘My applications’  In ‘My applications’, under the History section, your RBZ Jewellers Limited IPO allotment status will be mentioned    Check Allotment Status           Open a demat account with Upstox to apply for the RBZ Jewellers Limited IPO  To apply for the RBZ Jewellers Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.  Here is a step-by-step guide on how to open a demat account with Upstox:   Click here to visit the demat account opening page on the Upstox website.  Enter your phone number and other essential details to begin opening a demat account.  Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  Complete the e-verification using the OTP sent to your registered mobile number.   This is all it takes to open a demat account with Upstox. Easy and quick, right?   Open Demat Account           Upstox – trading app to apply for the RBZ Jewellers Limited IPO  Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  You can apply for the RBZ Jewellers Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.  In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.