17-10-2023 04:49 PM | Source: Accord Fintech
RBZ Jewellers gets SEBI`s go-ahead to raise funds via IPO
RBZ Jewellers has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The equity shares are proposed to be listed on the BSE and the NSE.
The company, which filed the draft red herring prospectus with the SEBI in June 2023, got the regulator’s approval on September 28, 2023. Proceeds from the issue will be utilised to the extent of Rs 80.75 crore for funding working capital requirements of the company and general corporate purposes. Arihant Capital Markets is the sole book-running lead manager to the issue.
The company is one of the leading organized manufacturers of gold jewellery in India, specializing in Antique Gold Jewellery.
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
ITI AMC announces activation of new OPA
India's Blue Star posts jump in Q4 adjusted profit o...
Gautam Adani meets new British envoy to India, wishe...
FIIs stood as net buyers in equities as per May 02 d...
NPCI partners Bank of Namibia to develop UPI-like pa...
Report on power sector equity raises to power up to ...
Motilal Oswal Flexicap Fund Celebrates a Decade of H...
Buy Zinc above 258.50 SL below 256.50tct 261/262 - A...
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685...