{"id":23029,"date":"2023-12-20T12:25:00","date_gmt":"2023-12-20T06:55:00","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2023\/12\/20\/rbz-jewelers-limited-ipo-opens-today-arihant-capital-markets-limited-serves-as-the-book-running-lead-manager\/"},"modified":"2023-12-20T12:25:00","modified_gmt":"2023-12-20T06:55:00","slug":"rbz-jewelers-limited-ipo-opens-today-arihant-capital-markets-limited-serves-as-the-book-running-lead-manager","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2023\/12\/20\/rbz-jewelers-limited-ipo-opens-today-arihant-capital-markets-limited-serves-as-the-book-running-lead-manager\/","title":{"rendered":"RBZ Jewelers Limited IPO opens today; Arihant Capital Markets Limited Serves as the Book Running Lead Manager"},"content":{"rendered":"<div>\n<p><strong>New Delhi (India), December 20<\/strong>: RBZ Jewelers Limited\u2019s initial public offering (IPO) opens for bidding on Tuesday, 19 December 2023, and will conclude on Thursday, December 21st. The share price for the company\u2019s offering is set between \u20b995 and \u20b9100 per share, and the shares are available in lots of 150 and multiples thereof.\u00a0<\/p>\n<p>The company\u2019s aim is to raise \u20b9100 crores through the IPO and is completely a fresh issue; there is no offer-for-sale component. A total of 1,00,00,000 new equity shares are being issued in the public offering at a face value of \u20b910. The proceeds from the IPO will be used for general corporate purposes and to finance the company\u2019s working capital needs.<\/p>\n<p>Arihant Capital Markets Ltd is the sole Book-Running Lead Manager for the issue. After successful completion, the company\u2019s equity will be listed on the BSE and NSE mainboards. The IPO marks a significant phase in RBZ Jewelers\u2019 history, spanning over fifteen years.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/livemumbai.in\/wp-content\/uploads\/2023\/12\/2-33-1024x768-1.jpg\" alt=\"\" class=\"wp-image-33362\" srcset=\"https:\/\/livemumbai.in\/wp-content\/uploads\/2023\/12\/2-33-1024x768-1.jpg 1024w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/12\/2-33-300x225.jpg 300w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/12\/2-33-768x576.jpg 768w, https:\/\/pnn.digital\/wp-content\/uploads\/2023\/12\/2-33.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"><\/figure>\n<p>RBZ Jeweler is a well-known jewellery brand in India that specialises in designing and manufacturing a diverse range of antique gold jewellery, including jadau, meena, and kundan work, which they sell through wholesale and retail platforms. Their wholesale customer base includes reputed national, regional, and local family jewellers spread across 20 states and 72 cities within India. Operating under \u201cHarit Zaveri\u201d in Ahmedabad, they hold 1% of India\u2019s organised wholesale gold jewellery.\u00a0<\/p>\n<p>In a recent Analyst Conference in Mumbai, Mr. Amol Kshirsagar, Vice President of Arihant Capital Markets Limited, highlighted that RBZ Jewelers combines seasoned expertise with youthful dynamism under the aegis of its experienced promoters, making it a unique entity in the gold jewellery segment. The company\u2019s strategic approach to growth involves leveraging IPO funds for expansion without necessitating additional capital expenditure or lead time. This strategy is expected to enhance investor returns significantly.<\/p>\n<p>Jewellers\u2019 commitment to excellence is evident in its modern manufacturing facility in Ahmedabad and the elegant \u201cHarit Zaveri\u201d retail showroom. The company\u2019s financial growth, with significant increases in revenue and profit in FY2023, reflects its robust market position and operational proficiency.<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), December 20: RBZ Jewelers Limited\u2019s initial public offering (IPO) opens for bidding on Tuesday, 19 December 2023, and will conclude on Thursday, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-23029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/23029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=23029"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/23029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/23030"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=23029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=23029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=23029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}