Muted Debut: RBZ Jewellers lists at ₹100, same as issue price
RBZ Jewellers' share price today made a weak debut on the bourses today. On NSE as well as BSE, it was listed at ₹100 per share, the same as its issue price.
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RBZ Jewellers' share price today made a weak debut on the bourses today. On NSE as well as BSE, it was listed at ₹100 per share, the same as its issue price.
The public offer of RBZ Jewellers was subscribed 16.72 times at close. The retail portion was subscribed 24.45 times and the non institutional investors' portion was booked 9.25 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 13.43 times.
India Business News: RBZ Jewellers, with a history of more than 15 years in the antique gold jewelry industry, specializes in designing and manufacturing various types of
The debut was in line with the subdued grey market trend, reflecting cautious investor sentiment towards the company despite its strengths.
The company is offering its shares at Rs 51-54 apiece, and investors can bid for 2,000 shares in one lot.