RBZ Jewellers IPO Opens Tuesday: Price Band at Rs 95-100
By Rediff Money Desk, NEWDELHI Dec 18, 2023 16:54
RBZ Jewellers IPO to open on Tuesday, December 19, with a price band of Rs 95-100 per share. The IPO, which will conclude on December 21, aims to raise Rs 100 crore.
![RBZ Jewellers IPO Opens Tuesday: Price Band at Rs 95-100](https://im.rediff.com/money/2017/jan/16bse2.jpg)
New Delhi, Dec 18 (PTI) RBZ Jewellers on Monday said it has fixed a price band of Rs 95-100 per share for its initial share sale that will open for public subscription on December 19.
The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement.
The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component.
The Ahmedabad-based B2B and retail jewellery firm would raise Rs 100 crore through the issue at the upper end of the price band.
Proceeds from the issue will be utilised for funding the working capital requirements of the company and for general corporate purposes.
The company's revenue from operations rose 14 per cent to Rs 289.6 crore in fiscal 2023 from Rs 252.5 crore in fiscal 2022. Besides, profit after tax surged 55 per cent to Rs 22.43 crore in fiscal 2023 from Rs 14.48 crore in the preceding financial year.
Arihant Capital Markets Ltd is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.
The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement.
The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component.
The Ahmedabad-based B2B and retail jewellery firm would raise Rs 100 crore through the issue at the upper end of the price band.
Proceeds from the issue will be utilised for funding the working capital requirements of the company and for general corporate purposes.
The company's revenue from operations rose 14 per cent to Rs 289.6 crore in fiscal 2023 from Rs 252.5 crore in fiscal 2022. Besides, profit after tax surged 55 per cent to Rs 22.43 crore in fiscal 2023 from Rs 14.48 crore in the preceding financial year.
Arihant Capital Markets Ltd is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...