RBZ Jewellers Limited IPO Message Board (Page 7)

One more Thing

The Business is Really Genuine and Very High Growth Prospects Ahead

It's Financials are really good

I am confident that this company will deliver a Strong H2

I expect H2 At :
Revenue - 280 cr
PAT - 22 cr

What is mean is FY 24 can be closed at a PAT of Approx 34 cr
So PE comes at 11.8 times

So can expect this stock doubling in next 3-6 months from Issue price

Also the Anchor Book was Impressive
Negen Undiscovered is known for picking multibaggers and PGIM Is also a Good Reputed one and BOFA Securities is a Good FII , if in such a small Jewellery Company a
FII is investing , It shows their faith in the company

Comparison :
RBZ > Motisons

Thanks @newgen consultancy . Were you able to get the H1 FY23 numbers anywhere to be able to compare the 1st half and 2nd half numbers last year, with the 1st half for this year? I understand this is a seasonal business but wanted to see how H1 FY24 compares with H1 FY23, will give me confidence to apply.

I much prefer businesses with no GMP but strong fundamentals, and this looks like one such.

agree with RBZ, i recommended it to my family and friends yesterday only, yes it wil be like archean chemical, senco, EMS , manoj vaibhav, too some extent sai silk and zaggle

so if some one gets the chance to buy this company below issue price it will be a best opportunity

i have made limited comments on the forum but one can see whether i was proven right on most ocassions by clicking on my username,

even i recommended archean at 540 now today it reached 650
ems , manoj vaibhav and senco has given 70% return in very short time

EMS can also be bought at current level too and manoj vaibhav too can be considered in near 311

Super.

Hi @newgen consultancy, You have sharp mind to analyze multibagger stock ike RBZ. God bless you.

At what prize best for buy ????

Anywhere around Issue price
I think valuations are very attractive
So no need to wait for a specific price buy
Buying around Issue Price would be really good and IF it's available below Issue price then it will be surely good

Buying can be done till 120

Seniors please guide yeh listing gain dega ya loose mein kholega?

Kindly guide

Thanks @newgen consultancy Appreciate

​@newgen consultancy Can you pls help with how you estimated H2 revenue at 2X of H1 revenue? That's my only cause of concern - RBZ hasn't grown if you annualize H1 numbers, and looking at other jewellery stocks like Kalyan / Manoj Vaibhav / Senco etc, cannot see that much discrepancy in H1 and H2 sales.

​@newgen consultancy 

Brother if the business is good, valuations are fair

Why wait for listing

Are you expecting it to list negatively due to bad market sentiment or any other factor

​@rohiitian 
This company's 70-75% Revenue comes from Supplying to Pan-India Jewellery Giants like Titan , Kalyan , Senco , Malabar

But this company supplies very niche kind of Jewellery like Polka , Bridal and Heavy Jewellery

So this kind of Jewellery is sold between October to December
So it's H2 is Generally 65-70% of full FY's Revenue

So H2 is considered 2×of H1

Thanks @newgen consultancy I also dug a bit into the RHP, and they assess the seasonality risk with Quarterly sales data on Page 52. I'm summarizing the revenue breakup in % terms here.

H1 '23 - 40%, H2 '23 - 60%
H1 '22 - 35%, H2 '23 - 65%
H1 '21 - 31%, H2 '21 - 69%

The seasonality impact has reduced in the last 3 years, but I think it's fair to take a 1.5-1.6x multiplier, which would indicate a 185-200 Cr H2 sales, overall revenue of 310-325 Cr in FY24 with 28-30 Cr PAT. I think this is quite attractive at 13-14x PE but unsure about applying.

Dear @newgen consultancy Could you please clarify about the info - they supply to titan, Kalyan of the world's.. I tried to gather that but could not locate in the documents.

​@rohiitian 
Yes Absolutely Right ✅️
We can enhance our Earnings Expectations
At :
Revenue - 320 cr
PAT - 28 cr

Still the valuations remain Highly Attractive

​@Veeramani 
The Promoter has Specifically Mentioned that in Investor Meetings and Interviews
It would be there In RHP ,
If not can trust this , I am sure he has spoken that multiple times clearly

Thank you dear @newgen consultancy

​@newgen consultancy Agree. I think I will take a risk and apply 1 or 2 BHNI (depending on subscriptions) so that I can get 1 lot. I'm comfortable with the business fundamentals now and I never apply based on GMP.

Your views are highly appreciated..!!
Keep sharing..!!
🙏🙏

Awesome call! How do you even see these things beforehand!!

​@NeoLongus Sir what is t2t segment listing? Is it different from normal listing? What's the difference?

Please explain 🙏

This can be a useful starter: https://www.chittorgarh.com/article/t-group-stocks-explained-trade-to-trade-segment/448/

Keep minting!

​@NeoLongus Revenue isn't flat - there's an error in Chittorgarh FY'21 revenue, they have by mistake entered FY'23 revenue there. The FY' 21 revenue as per RHP was ~100 Cr, which has grown to ~289 Cr in FY' 23

​@Admin @ Chittorgarh.com Can you please correct the error?

Yes @rohiitian - Admin got it wrong but I refer to annualized FY24 vs FY23 vs FY22 from the RHP for revenue and volumes.

Keep minting!