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Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.
The share allotment for RBZ Jewellers IPO is scheduled for December 22, just a day after the issue closing. The tentative listing date is fixed as December 27.
The gold jewellery maker specialises in Antique gold jewellery with a history spanning over 15 years in the industry. It specializes in designing and manufacturing a diverse range of antique gold jewellery, including jadau, meena, and kundan work, which they sell on both wholesale and retail platforms.
The SME IPO of Accent Microcell was subscribed by a whopping 362 times at close with the total bids surpassing the Rs 18,000 crore mark, which is a first for any SME company.
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 proceeds to the extent of Rs 80.75 crore will be used for funding working capital requirements and general corporate expenses.