RBZ Jewellers Limited

RBZ Jewellers Limited is an India-based gold jewellery manufacturer specializing in antique-style designs, including jadau, meena and kundan work, which it sells both on a wholesale basis to jewellers across the country and at retail through its own showroom. The company was incorporated in 2008 and converted into a public limited company in February 2023. It runs a gold jewellery manufacturing facility on the SG Highway in Ahmedabad, Gujarat, of about 24,000 square feet with capacity for around 250 artisans, and supplies wholesale customers spread across 19 states and 72 cities. Its retail showroom trades under the Harit Zaveri brand and is a well-known name in Ahmedabad. The company positions itself in the antique and traditional gold jewellery niche, combining design and manufacturing under one roof rather than outsourcing production. It listed on the NSE and BSE on 27 December 2023 through a mainboard IPO that was entirely a fresh issue of shares, with no offer for sale, raising funds primarily to support its working capital needs.

Ahead of the issue opening, the company raised about Rs 21 crore from anchor investors at the IPO price of Rs 100 per share, with Negen Capital and PGIM India each taking around 5 lakh shares and BofA Securities Europe SA allotted around 11 lakh shares.