RBZ Jewellers IPO subscribed 2.28 times on Day 1

The Initial Public Offering of RBZ Jewellers Limited was subscribed 2.28 times on the first day of bidding.

The issue received bids of 1,80,43,350 shares against the offered 79,00,000 equity shares, at a price band of ₹95-100, according to the data available on the stock exchanges.

Retail Portion was the most subscribed with 4.55 times, followed by Non-Institutional Investors Portion with 0.71 times, whereas Qualified Institutional Buyers have placed a negligible bid. The issue kicked off for subscription on Tuesday, December 19, 2023 and will close on Thursday, December 21, 2023.

A day prior to the opening of the issue, RBZ Jewellers Ltd had raised Rs 21 crores from anchor investors. PGIM India Equity Growth Opportunities Fund - Series I bought 5 lakh equity shares amounting to Rs 5 crore, BOFA Securities Europe SA - ODI bought 11 lakh equity shares amounting to Rs 11 crores and Negen Undiscovered Value Fund purchased 5 lakh equity shares valued at Rs 5 crore.

Arihant Capital Markets Limited is the sole book running lead manager and Bigshare Services Private Limited is the registrar to the Issue.

Source : Equity Bulls

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RBZJewellers IPO FundRaising Subscription