The company informed the bourses that it allocated 21,00,000 equity shares at Rs100 per share on Monday, December 18, 2023, to anchor investors
FinTech BizNews Service
Mumbai, December 18, 2023: RBZ Jewellers Limited, one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distributing to reputable nation-wide retailers and significant regional players in India, has garnered Rs21 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it allocated 21,00,000 equity shares at Rs. 100 per share on Monday, December 18, 2023, to anchor investors. PGIM India Equity Growth Opportunities Fund – Series I bought 5 lakh equity shares amounting to Rs 5 crore, BOFA Securities Europe SA – ODI bought 11 lakh equity shares amounting to Rs 11 crores and Negen Undiscovered Value Fund purchased 5 lakh equity shares valued at Rs 5 crore. Arihant Capital Markets Limited is the sole book running lead manager and Bigshare Services Private Limited is the registrar to the Issue.
IPO Details
The Offer of face value of ?10 per Equity Share is entirely a fresh issuance of 1,00,00,000 Equity Shares, with no offer for sale component. The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Tuesday, December 19, 2023, and closes on Thursday, December 21, 2023. The price band for the Offer has been determined at Rs 95 – Rs 100 per equity share. The IPO will fetch Rs 100 crore at the upper end of the price band. Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter. The Offer is being made through the Book Building Process, wherein not more than 35% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, not less than 30% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.
