RBZ Jewellers Ltd., which is into manufacturing of gold jewelry in India and provides to retailers throughout the nation, has introduced tapping the capital market with an preliminary public providing (IPO) and elevating as much as ₹100 crore by issuance of contemporary shares.
The firm has fastened the price band at ₹95 to ₹100 per fairness share. The IPO will open for subscription on Tuesday and shut on Thursday. Investors can bid for a minimal of 150 fairness shares and in multiples of 150 shares thereafter.
The public subject of face worth of ₹10 per share is solely a contemporary issuance of shares of as much as 10 million with no provide on the market (OFS) element in it.
On Monday, the corporate raised ₹21 crore from a clutch of anchor traders at the higher price band.
Revenue from operations elevated by 14.21% to ₹289.63 crore in FY23 from ₹252.53 crore in FY22.
Profit after tax elevated by 54.94% from ₹14.48 crore in FY22 to ₹22.44 crore in FY23.
