IPO ALERT: RBZ Jewellers Ltd IPO opens TODAY

 

 

The gems and jewellery sector is a key contributor to India’s total exports. G&J accounted for about 9% (INR 3.0 trillion) of India’s total exports in the FY23. G&J imports accounted for comparatively smaller share of about 4% (INR 2.1 trillion) of total imports by the country in the same fiscal. The domestic gold jewellery wholesale industry is expected to grow from 378 tonnes (out of 600 tonnes total gold jewellery demand) in 2022 to 402 tonnes by 2025 and 475 tonnes by 2030, at a CAGR of 2.5%. In value terms, the industry size is expected to increase to INR 2,340 billion in 2030 from INR 1,713 billion in 2022. In Indian wholesale jewellery sector, unorganized segment accounts for lions share with about 85% share as compared to the organized segment with approx. 15%. In CY20, the share of organised retail jewellery market is about 32% which is forecasted to increase to 40% by CY25.

RBZ Jewellers Ltd. is a Gujarat based Company and one of the leading organized manufacturers of gold jewels in India, specializing in antique bridal gold jewellery and distributor to reputable nation-wide retailers and significant regional players in India. The Company has an extensive client base spread across 20 states and 72. cities within India. The Company operates its retail showroom under the brand name “Harit Zaveri” and is an established player in Ahmedabad who offers a variety of gold and other jewellery items at different price ranges. The Company has its modern, well-equipped manufacturing plant and shop showroom located in Ahmedabad. All gold jewellery products in line are hallmarked by BIS and diamond jewellery is certified by various agencies including IGI and GIA.

The company reported revenues of INRINR 2879.28 million in FY23 which grew 14.21% YoY with an EBITDA of INR 377.48 million which grew 14.32% YoY and reported EBITDA margin of 13.11%. RBZ’s PAT was reported at INR 223.33 million which grew 55.03% YoY. The company’s ROE and ROCE was reported at 9.72% and 14.38% respectively in FY23.

Objects of the issue:
1. Funding Working Capital Requirements
2. General Corporate Purposes

 

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