₹ 95 - ₹ 100
19-Dec-2023 - 21-Dec-2023
₹ 15000.00



19-Dec-2023 - 21-Dec-2023

₹ 95 - ₹ 100

Price Band

₹ 15000.00

Minimum Investment


Bid Lot


  • Face Value - ₹ 10/- Per Share

  • Listing at NSE,BSE

  • 23,333 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of upto 10,000,000 Equity Shares

Category % Shares/Amount
QIB 35% 3,500,000 Shares Rs. 35.00 Cr
HNI 1 5% 1,000,000 Shares Rs. 10.00 Cr @ 476 forms for 1 X
HNI 2 10% 2,000,000 Shares Rs. 20.00 Cr @ 952 forms for 1 X
Retail 35% 3,500,000 Shares Rs. 35.00 Cr @ 23233 forms for 1 X

BRLMs: Arihant Capital Markets

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
23233 forms for 1 X 476 forms for 1 X 952 forms for 1 X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 150 ₹ 15,000
Retail (Upto 2 Lakh) 13 1950 ₹ 195,000
S-HNI (2 Lakh to 10 Lakh) 14 2100 ₹ 210,000
S-HNI (2 Lakh to 10 Lakh) 66 9900 ₹ 990,000
B-HNI (Above 10 Lakh) 67 10050 ₹ 1,005,000

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
20-Dec-2023 14:47

Category Book Size Subscription No. of Times
QIB 1,400,000 ₹ 14.00 Cr. 12,600 ₹ 0.13 Cr. 0.01x
HNI (<10 LAKH) 1,000,000 ₹ 10.00 Cr. 4,147,350 ₹ 41.47 Cr. 4.15x
HNI2 (>10 LAKH) 2,000,000 ₹ 20.00 Cr. 2,532,300 ₹ 25.32 Cr. 1.27x
RETAIL 3,500,000 ₹ 35.00 Cr. 37,327,050 ₹ 373.27 Cr. 10.66x
Total 7,900,000 44,019,300 5.57x
Category Book Size Subscription No. of Times
QIB 1,400,000 ₹ 14.00 Cr. 12,600 ₹ 0.13 Cr. 0.01x
HNI (<10 LAKH) 1,000,000 ₹ 10.00 Cr. 4,147,350 ₹ 41.47 Cr. 4.15x
HNI2 (>10 LAKH) 2,000,000 ₹ 20.00 Cr. 2,532,300 ₹ 25.32 Cr. 1.27x
RETAIL 3,500,000 ₹ 35.00 Cr. 37,327,050 ₹ 373.27 Cr. 10.66x
Total 7,900,000 44,019,300 5.57x

*Excluding Anchor

Total No. of Application Approx : ~264435 (11.33 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • RBZ Jewellers Limited (“RBZ”) was incorporated on April 15, 2008. RBZ is one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India. RBZ holds approximately 1% of total organized wholesale gold jewellery market in India.
  • The company has a history of more than 15 years in the jewellery industry. They design and manufacture a wide range of Antique Bridal Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. They also process and supply Antique Bridal Gold Jewellery on job work basis to national retailers.
  • Their customer base in wholesale business includes reputed national, regional and local family jewellers spread across 20 States and 72 cities within India. RBZ also operates its retail showroom under the brand name “Harit Zaveri” and is an established player in Ahmedabad.
  • The company is specialising in Antique Gold bridal jewellery and are known for their unique designs and craftmanship. Their jewellery designs are inspired by traditional Indian art and culture.
  • They also export their jewellery to Middle East region. They carry out their manufacturing operations from a well-equipped and modern facility situated at Ahmedabad, Gujarat having advanced technologies in casting, laser, and 3-D printing.
  • RBZ have a well-equipped and modern gold jewellery manufacturing facility situated at Sarkhej Gandhinagar Highway, Ahmedabad, Gujarat. RBZ owns an area admeasuring 10,417 sq. ft. of their showroom space and area admeasuring 1,250 sq. ft. is occupied on lease basis. The company currently has work force of 189 employees. They also have permitted capacity of 250 artisans for their manufacturing facility.
  • Their diamond jewellery is certified by various agencies including IGI and GIA. They also send all their jewellery (except gold jewellery weighing less than 2 grams) to government approved hallmarking centres who analyse and check the jewellery in accordance with BIS norms.
Read More


  • Organised manufacturing setup under one roof;
  • Client Mix and geographical spread;
  • Design and Innovation in the product range
  • Brand built on the core values of trust, transparency and innovation;
  • Established systems and procedure to mitigate risk;
  • Experienced Promoters with young leadership and a demonstrated track record supported by a highly experienced and accomplished senior management team and board of directors;

Company Promoters

The Promoters of the company are Rajendrakumar Kantilal Zaveri and Harit Rajendrakumar Zaveri.

Company Financials

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Jun 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,317.92 1,419.90 1,295.26 769.85
Revenue 783.89 3,451.26 3,276.16 1,447.54
Profit After Tax 94.39 176.40 261.51 23.11
Net Worth 328.70 233.54 42.57 -228.37
Reserves and Surplus 306.57 211.41 20.44 -250.50
Total Borrowing 292.69 276.06 84.24 191.07
Amount in ? Lakhs

Objects of the Issue

  • Funding the working capital requirements of the company
  • General Corporate Purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment