IPO- Tribhovandas Bhimji Zaveri Limited 24-26 April

Issue Opens on                                  :               Tuesday, April 24, 2012

Issue Closes on                                 :               Thursday, April 26, 2012

Price Band                                          :              120-126                                                                                                                                   

Bid Lot Size                                        :              45

Issue Size                                            :               16,666,667 Equity Shares of Rs.10 each

 

QIBs portion 50% of Net Offer         :               8,333,332 Equity Shares

NIBs portion 15% of Net Offer         :               2,500,001 Equity Shares

Retail portion 35% of Net Offer        :               5,833,334 Equity Shares

 

Listing on                                           :               BSE & NSE

 

Registrar to the Issue                       :               Karvy Computershare Private Limited

 

IPO Grading                                      :               “IPO Grade 3/5” by CRISIL

Cheque in favour of                       :              Escrow Account - TBZ IPO - R 

About Company and Issue : 

T. B. Zaveri Ltd  , established in 1864, is one of the oldest companies engaged in retail jewellery business. The company currently runs its business under the "TBZ - the original since 1864"  brand name.It has 14 retail stores in nine cities across five states. The company derives around 70% of revenue from the sale of gold jewellery. 

TBZ is planning  to open nine new large format, high street showrooms with an average carpet area of 3500 sq ft. The company will use the IPO proceeds to establish these new showrooms and to finance the incremental working capital requirement.