RBZ Jewellers IPO
RBZ Jewellers Limited (RBZJEWEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +4.7% (likely range -12% to +6%), day's high +12.5%, chance of a gain 82%. Actual: 0.0% at the open, +5.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 14,00,000 | 1,87,97,250 | 13.4x | |
| NII (HNI) total | 30,00,000 | 2,77,96,950 | 9.27x | |
| Big NII (above ₹10 lakh) | 20,00,000 | 1,35,88,950 | 6.79x | |
| Small NII (₹2-10 lakh) | 10,00,000 | 1,42,08,000 | 14.2x | |
| Retail | 35,00,000 | 8,65,92,750 | 24.7x | |
| Total | 79,00,000 | 13,31,86,950 | 16.9x |
Bids on NSE and BSE together, as published by NSE, as of 21 Dec 2023, 07:00 PM. Shares offered exclude the anchor portion. 58% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to RBZ Jewellers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Venus Pipes and TubesMay 2022 | 12.0x | 15.7x | 19.0x | 16.3x | ₹165 Cr | +3.5% | +8.7% |
| Exxaro TilesAug 2021 | 17.7x | 5.36x | 40.1x | 22.7x | ₹161 Cr | +5.0% | +10.2% |
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
| Pyramid TechnoplastAug 2023 | 9.94x | 32.2x | 14.7x | 18.3x | ₹153 Cr | +12.7% | +13.2% |
| Suraj Estate DevelopersDec 2023 | 24.3x | 18.9x | 9.30x | 15.6x | ₹424 Cr | -5.6% | -1.5% |
| Stove KraftJan 2021 | 8.02x | 32.7x | 26.0x | 18.0x | ₹413 Cr | +29.4% | +29.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Arihant Capital Markets | 3 | +2.7% | 67% |
Offer documents (NSE)
Frequently asked
What is the RBZ Jewellers IPO price band and lot size? ₹95.0–100 per share, with a lot of 150 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 16.9x overall: QIB 13.4x, NII 9.27x, retail 24.7x.
How did it list? It opened at ₹100, +0.0% against the issue price of ₹100, and closed its first day +5.0%.
