Ahmedabad-based RBZ Jewellers files draft papers with Sebi for IPO

RBZ Jewellers, an organized gold jewellery manufacturer in India, has filed draft papers with the market regulator Sebi for an IPO. The issue comprises of 1 crore equity shares with a face value of Rs 10 each, aiming to raise approximately Rs 100 crore. The IPO will be made through the book building process, and the raised funds will be used for general corporate purposes, including Rs 80.75 crore for working capital requirements. RBZ Jewellers specialize in designing and manufacturing a varied range of gold jewelry, including jadau, meena, and kundan work, which they sell on wholesale and retail platforms.