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RBZ Jewellers IPO was subscribed 16.86 times. The retail portion was subscribed 24.45 times with over 8.55 crore consolidated share bids received against the quota of 35 lakh shares.
Proceeds from the issue will be utilised in funding capital expenditure towards the installation of additional plants and machines, meeting working capital requirements, and general corporate purposes.
The three-day issue ended on December 20, Wednesday. The shares are likely to be credited into the demat account of investors by Friday and the initiation of refunds to those who have missed the allotment will also likely be done by Friday.
RBZ Jewellers IPO GMP: RBZ Jewellers IPO is completely a fresh issue of 1 crore shares. There is no offer for sale (OFS) segment in the public offer. About 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), 15% for non-institutional bidders and 35% for retail investors.
The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case.