Ahmedabad -based RBZ Jewellers gets IPO nod

Mumbai: Ahmedabad -based RBZ Jewellers received Sebi's approval to raise funds through an initial public offering (IPO). The IPO will be entirely a fresh issue of shares.

The proceeds to the extent of ₹80.75 crore will be used for funding working capital requirements and general corporate expenses. RBZ is a gold jewellery manufacturer and specialises in Antique gold jewellery.