RBZ Jewellers IPO GMP

RBZ Jewellers IPO GMP: RBZ Jewellers Limited, a prominent name in the Indian gold jewelry manufacturing industry, is gearing up to make its debut on the stock market through an Initial Public Offering (IPO) with a total issue size of ₹100 Crores. This mainboard IPO is scheduled to open for subscription from December 19 to December 21, 2023, with a price band of ₹95 to ₹100 per share and a lot size of 150 shares or its multiples. In this blog, we will delve into the Grey Market Premium (GMP) for RBZ Jewellers Limited’s IPO, helping you understand its significance and how it may influence your investment decisions.

Also See: All IPO GMP Price Today

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Understanding RBZ Jewellers Limited IPO GMP:

Grey Market Premium (GMP) is an unofficial and unregulated market where shares of an IPO are traded before their official listing on stock exchanges. The GMP reflects the perceived market demand for the IPO and offers insights into how the IPO might perform on the day of its listing. It’s important to note that GMP is highly volatile and speculative, and its accuracy is not guaranteed. It is merely an indication of market sentiment.

Here’s a GMP table for RBZ Jewellers Limited’s IPO: [Last Updated: 27 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
27-12-2023₹100.00₹–₹100 (0%)
26-12-2023₹100.00₹–₹100 (0%)
25-12-2023₹100.00₹–₹100 (0%)
24-12-2023₹100.00₹–₹100 (0%)
23-12-2023₹100.00₹–₹100 (0%)
22-12-2023₹100.00₹–₹100 (0%)
21-12-2023₹100.00₹–₹100 (0%)
20-12-2023₹100.00₹5600/8400₹105 (5.00%)
19-12-2023₹100.00₹303400/47600₹130 (30.00%)
18-12-2023₹100.00₹0₹100 (0%)
17-12-2023₹100.00₹0₹100 (0%)
16-12-2023₹100.00₹0₹100 (0%)
15-12-2023₹100.00₹0₹100 (0%)

Also See: Upcoming IPO in India

About RBZ Jewellers Limited:

RBZ Jewellers is a renowned organized manufacturer of gold jewelry in India. The company specializes in producing Antique Gold Jewelry with Jadau, Meena, and Kundan work, catering to wholesalers and retailers alike. They operate a retail showroom called “Harit Zaveri” in Ahmedabad and serve a broad customer base across 19 states and 72 cities in India, including well-known names like Titan Company, Malabar Gold, Senco Gold, and Kalamandir Jewelers. Additionally, RBZ Jewellers exports its products to the Middle East region.

Strengths of RBZ Jewellers Limited IPO:

  1. Well-organized manufacturing setup with the capacity to process 1,716 kgs of gold jewelry.
  2. A strong presence in 19 states and 72 cities across India.
  3. Diverse product range, including antique, bridal, traditional, contemporary, and combination designs.
  4. An experienced team of senior managers and a competent board of directors.

Also Read: What is IPO?: Benefits of Investing in an IPO

RBZ Jewellers Limited IPO Objectives:

The net proceeds from the IPO will be utilized for the following purposes:

  1. Funding working capital requirements of the Company.
  2. General corporate purposes.

RBZ Jewellers Limited IPO Dates:

Here are the important dates related to RBZ Jewellers Limited’s IPO:

  • IPO Open Date: December 19, 2023
  • IPO Close Date: December 21, 2023
  • Basis of Allotment Finalization Date: December 22, 2023
  • Refunds Initiation: December 26, 2023
  • Credit of Shares to Demat Account: December 26, 2023
  • IPO Listing Date: December 27, 2023

Also Read: Benefits and Risks of Investing in IPOs: A Comprehensive Guide

Conclusion:

The Grey Market Premium (GMP) for RBZ Jewellers Limited’s IPO provides potential investors with insights into market sentiment. However, it’s crucial to remember that GMP is speculative and may not accurately predict the IPO’s actual performance. Before making any investment decisions, it’s advisable to consider all factors, conduct thorough research, and consult with financial experts. Investing in an IPO carries inherent risks, and it’s essential to make informed choices. RBZ Jewellers Limited’s IPO offers an opportunity to invest in a well-established player in the gold jewelry manufacturing industry, but it’s essential to evaluate your risk tolerance and investment objectives before participating in the IPO.

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