RBZ Jewellers IPO subscribed 3 times, HNI portion booked 95% on Day 2
RBZ Jewellers IPO: The Rs 100-crore issue is entirely a fresh issue of 1 crore shares.
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RBZ Jewellers IPO: The Rs 100-crore issue is entirely a fresh issue of 1 crore shares.
The proceeds from the issue will be used towards funding working capital requirements, capital expenditure requirements for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes, according to the DRHP filed on Monday.
The non-institutional investors' (NIIs) portion was subscribed 3.78 times as of 1 pm, while the qualified institutional buyers (QIBs) subscribed to the issue 0.46 times. The RBZ Jewellers IPO will close on December 21, Thursday. Ahead of the launch, the company has raised Rs 21 crore from anchor investors.
RBZ Jewellers IPO's Non Institutional Investors' (NIIs) portion was subscribed 0.16 times as of 1 pm while the qualified institutional buyers were yet to subscribe to the issue. The RBZ Jewellers IPO will close on December 21, Thursday.
RBZ Jewellers IPO: RBZ Jewellers has priced its public offer in the range of Rs 95-100 and at the upper end, it plans to raise Rs 100 crore. 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.