December 19, 2023
Stocks

RBZ Jewellers' ₹100 crore IPO commences today: Important details to be aware of before subscribing.

RBZ Jewellers' ₹100 crore initial public offering (IPO) commenced its subscription today, on December 19, 2023, and is scheduled to conclude on December 21. The company has established a price range of ₹95-100 per share for the IPO. It is noteworthy that this marks one of the final IPOs of the year 2023. In anticipation of the IPO launch, RBZ Jewellers successfully secured ₹21 crore from anchor investors. The company allocated 21 lakh shares at ₹100 per share to three anchor investors, namely PGIM India Equity Growth Opportunities Fund, BOFA Securities Europe SA, and Negen Undiscovered Value Fund.

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