RBZ Jewellers IPO Allotment Status

About the RBZ Jewellers Ltd IPO

The stock of RBZ Jewellers Ltd has a face value of ₹10 per share and. The price band for the book building IPO has been set in the range of ₹95 to ₹100 per share and the final price will be discovered within this band. The IPO of RBZ Jewellers Ltd is entirely a fresh issue of shares with no offer for sale (OFS) component. The fresh issue portion of the IPO of RBZ Jewellers Ltd comprises the issue of 1,00,00,000 shares (100 lakh shares), which at the upper price band of ₹100 per share will translate into a fresh issue size of ₹100.00 crore. Since there is no offer for sale (OFS) component, the fresh issue portion will also double up as the overall size of the IPO. Thus, the overall IPO of RBZ Jewellers Ltd will also comprise of the issue of 1,00,00,000 shares at ₹100 per aggregating to total IPO size of ₹100.00 crore. The RBZ Jewellers IPO will be listed on the NSE and the BSE on the IPO mainboard.
If you have applied for the IPO, there are two ways that you can check your allotment status online. You can either check your allotment status on the BSE (Bombay Stock Exchange) website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of RBZ Jewellers Ltd IPO on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below 

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.
    • Under Issue Type – Select Equity Option
    • Under Issue Name – Select RBZ Jewellers Ltd from the drop down box
    • Enter the Application Number exactly as in the acknowledgement slip
    • Enter the PAN (10-digit alphanumeric) number
    • Once this is done, you need to click on the Captcha to verify that you are not a robot
    • Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. You can either input the application number or you can input your PAN.
Once the data is inputted and the captcha verification is done, the allotment status will be displayed on the screen in front of you informing about the number of shares of RBZ Jewellers Ltd allotted into your demat account. It is suggested that you take a screenshot of this output page and store for future reference. You can verify the demat credit by the close of 26th December 2023.

Checking the allotment status of RBZ Jewellers Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Private Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.
Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select RBZ Jewellers Ltd from the dropdown box. The allotment status will be finalized on 22nd December 2023, so in this case, you can access the details on the registrar website either late on 22nd December 2023 or by middle of 23rd December 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO   

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. nter the application exactly it is given in the acknowledgement slip.

• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where the account is held i.e. NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. After that you can click the Search Button in both cases.

• Thirdly, you can also search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of RBZ Jewellers Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 26th December 2023. The stock of RBZ Jewellers Ltd will appear in the demat account under the ISIN Number (INE0PEQ01016).

Subscription status for the RBZ Jewellers Ltd IPO

One of the key determinants of your allotment is the extent of subscription for various categories. Here is the final subscription status of the RBZ Jewellers Ltd IPO as at close on 21st December 2023, at 17.30 hours.

The issue was open for QIBs (qualified institutional buyers), retail investors and for the HNI / NIIs. There was a broad quota designed for each of the segments viz. the QIBs, the retail and the HNI NII. The table below captures the allocation reservation done for each of the categories.

The response to the IPO of RBZ Jewellers Ltd was strong overall, and it was also quite strong for the retail portion and the HNI portions. The retail subscription of 24.94 times gives a rather modest opportunity of allotment in the IPO. However, the investors can still be hopeful since the SEBI norms on retail IPO allotment is to allot the basic lot size to as many unique investors as possible. The same can be checked using the allotment checking modus operandi explained above. You just need to wait for the basis of allotment to be finalized.