RBZ Jewellers IPO vs Suraj Estate Developers IPO

Comparision between RBZ Jewellers IPO and Suraj Estate Developers IPO.

IPO Details

RBZ Jewellers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	RBZ Jewellers IPO	Suraj Estate Developers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Arihant Capital Markets Ltd	Iti Capital Ltd Anand Rathi Securities Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of RBZ Jewellers IPO is up to ₹100.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of RBZ Jewellers IPO is ₹100.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	RBZ Jewellers IPO	Suraj Estate Developers IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹95.00 per share	₹340.00 per share
Issue Price (Upper)	₹100.00 per share	₹360.00 per share
Issue Price (Final)	₹100.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	41 shares
Fresh Issue Size	1,00,00,000 shares	1,11,11,111 shares
Fresh Issue Size (Amount)	up to ₹100.00 Cr	up to ₹400.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,00,00,000 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹100.00 Cr	up to ₹400.00 Cr

IPO Timetable

RBZ Jewellers IPO opens on Dec 19, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of RBZ Jewellers IPO and Suraj Estate Developers IPO is Dec 21, 2023, and Dec 20, 2023, respectively.

	RBZ Jewellers IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 18, 2023	Dec 15, 2023
Issue Open	Dec 19, 2023	Dec 18, 2023
Issue Close	Dec 21, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 20, 2024

Financials

RBZ Jewellers IPO P/E ratio is 13.77, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

RBZ Jewellers IPO

Suraj Estate Developers IPO

Financial

RBZ Jewellers Limited Financial Information (Restated)

RBZ Jewellers Limited's revenue increased by 14.69% and profit after tax (PAT) rose by 55.03% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	234.76	206.84	154.03	123.74
Revenue	125.52	289.63	252.53	107.71
Profit After Tax	12.09	22.33	14.41	9.75
Net Worth	104.57	92.47	70.03	55.55
Reserves and Surplus	74.02	61.93	65.60	51.19
Total Borrowing	101.84	95.79	59.71	54.90
Amount in ₹ Crore

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% 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	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

75%

74.95%

P/E Ratio

13.77

35.64

Market Cap

₹400.00 Cr.

₹1597.00 Cr.

ROE

27.49%%

58.18%%

ROCE

27.49%%

21.93%%

Debt/Equity

1.02

8.31

EPS

₹7.44

₹10.10

RoNW

20.08%%

58.18%%

Shares Offered

In the RBZ Jewellers IPO retail investors (RII) are offered 35,00,000 shares while in Suraj Estate Developers IPO retail investors are offered 35,00,000 shares. Qualified institutional buyers (QIB) are offered 14,00,000 shares in RBZ Jewellers IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	RBZ Jewellers IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	21,00,000 shares	33,33,333 shares
Market Maker Reserveration
QIB	14,00,000 shares	22,22,222 shares
NII	30,00,000 shares	16,66,666 shares
RII	35,00,000 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	79,00,000 shares	77,77,777 shares

Bids Received (Subscription)

RBZ Jewellers IPO subscribed 16.86x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	RBZ Jewellers IPO	Suraj Estate Developers IPO
QIB (times)	13.43x	25.74x
NII (times)	9.27x	20.02x
Big NII (times)	6.79x	18.37x
Small NII (times)	14.21x	23.31x
RII (times)	24.74x	9.85x
Employee (times)
Other (times)
Total (times)	16.86x	16.57x

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RBZ Jewellers IPO	Suraj Estate Developers IPO
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Azad Engineering IPO	Innova Captab IPO
Mufti Menswear IPO	Azad Engineering IPO
Inox CVA IPO	Mufti Menswear IPO
Suraj Estate Developers IPO	Inox CVA IPO
Motisons Jewellers IPO	RBZ Jewellers IPO
Mukka Proteins IPO	Motisons Jewellers IPO
Happy Forgings IPO	Mukka Proteins IPO
Muthoot Microfin IPO	Happy Forgings IPO
DOMS IPO	Muthoot Microfin IPO

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