RBZ Jewellers IPO to open on December 19
Ahmedabad-based RBZ Jewellers raised Rs 21 crore from three buyers through its anchor e-book on December 18, a day earlier than the problem opening.
The Rs 100-crore public difficulty can be opening for subscription on December 19 and will shut on December 21.
The gold jewelry producer in its submitting to exchanges mentioned it has finalised allocation of 21 lakh fairness shares to anchor buyers at Rs 100 per fairness share.
Negen Capital, PGIM India, and BofA Securities Europe have been the three buyers within the anchor e-book.
PGIM India Fairness Progress Alternatives Fund – Collection I, and Negen Undiscovered Worth Fund owned by Negen Capital picked 5 lakh shares in RBZ, whereas the remaining 11 lakh shares have been acquired by BofA Securities Europe SA – ODI, the overseas investor.
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RBZ Jewellers, which manufactures vintage bridal gold jewelry consisting of jadau, meena and kundan work, intends to lift Rs 100 crore by solely a contemporary difficulty element on the higher finish of the worth band of Rs 95-100 per share.
Of the web contemporary difficulty proceeds, Rs 80.75 crore can be utilised for the working capital necessities of the corporate and the remaining can be put aside for common company functions.
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Additionally learn: RBZ Jewellers IPO: 10 issues to know earlier than subscribing to the Rs 100-crore difficulty
This would be the second jewelry firm launching an IPO within the present week after Motisons Jewellers.
