RBZ Jewellers to announce IPO allotment today; Check details here

22 Dec 2023 , 01:06 PM

The jewellery manufacturer, RBZ Jewellers IPO has closed for subscription on December 21 and the allotment of shares are expected today. Investors those who have applied for the IPO can check allotment status of RBZ Jewellers IPO on BSE website or on website of company’s registrar, Bigshare Services Pvt Ltd.

The company aimed to generate Rs 100 crores by offering 1 crore fresh shares within the price range of Rs 95 to Rs 100 per share. The minimum lot size for retail investors was established at 150 shares, requiring a minimum investment of Rs 15,000. The robust subscription figures underscored the considerable interest of retail investors in the IPO.

RBZ Jewellers’ initial public offering (IPO) witnessed a subscription rate of 16.86 times. The retail segment experienced a subscription of 24.45 times, with a total of 8.55 crore consolidated share bids surpassing the quota of 35 lakh shares.

For non-institutional investors (NIIs), the subscription rate was 9.27 times, while qualified institutional buyers (QIBs) demonstrated a subscription rate of 13.43 times.