RBZ Jewellers shares will debut on December 27 with the grey market indicating a listing price of around ₹105 per share. On December 22 (Friday), RBZ Jewellers announced the allotment details.
RBZ Jewellers is a gold jewellery manufacturer specialising in the creation of antique designs. The company s wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in India.
RBZ Jewellers IPO receives strong demand during the final day of bidding, with subscription rate reaching 24.74 times for retail investors and 9.27 times for non-institutional investors.
RBZ Jewellers IPO witnesses strong demand from retail and non-institutional investors during the second day of bidding. The IPO garnered bids for 5,63,65,650 shares on the second day against the total offering of 79,00,000 shares, resulting in an overall subscription rate of 7.13 times.
Unlisted shares of RBZ Jewellers Ltd are currently trading with zero GMP or no premium in the grey market, indicating no gains on listing day as of now, RBZ Jewellers IPO Fully Subscribed Within Hours: Should You Apply? Check Price, GMP