RBZ Jewellers IPO subscribed 16.86 times on Final Day
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The Initial Public Offering of RBZ Jewellers Limited was subscribed 16.86 times on the first day of bidding.
The issue received bids of 13,31,83,500 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 24.74 times, followed by Qualified Institutional Buyers with 13.43 times, whereas Non-Institutional Investors Portion with 9.27 times. 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.
Above views are of the author and not of the website kindly read disclaimer
