Bookbuilding IPO | ₹200 Cr | Listed at BSE, NSE | Tue, Apr 24, 2012 - Thu, Apr 26, 2012
Tribhovandas Bhimji Zaveri IPO is a book build issue of ₹200.00 crores. The issue is entirely a fresh issue of 1.67 crore shares of ₹200.00 crore.
Tribhovandas Bhimji Zaveri IPO bidding started from Apr 24, 2012 and ended on Apr 26, 2012. The shares got listed on BSE, NSE on May 9, 2012.
Tribhovandas Bhimji Zaveri IPO price band is set at ₹120 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹5,670 (45 shares) (based on upper price). The lot size investment for sNII is 38 lots (1,710 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (8,370 shares), amounting to ₹10,04,400.
Avendus Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Tribhovandas Bhimji Zaveri IPO RHP for detailed Information.
IPO Open
Tue, Apr 24, 2012
IPO Close
Thu, Apr 26, 2012
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹800.00 Cr
| IPO Date | 24 to 26 Apr, 2012 |
| Listed on | Wed, May 9, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹126 |
| Issue Price | ₹120 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,66,66,667 shares (agg. up to ₹200 Cr) |
| Fresh Issue | 1,66,66,667 shares (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 6,66,66,667 shares |
| BSE Script Code / NSE Symbol | 534369 / TBZ |
| ISIN | INE760L01018 |
Tribhovandas Bhimji Zaveri IPO comprises a total issue size of 1,66,66,667 shares. Out of which, 83,33,332 (50.00%) are allocated to QIB, 25,00,001 (15.00%) allocated to NII 58,33,334 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 83,33,332 | 50.00% | NA |
| − Anchor Investor Shares Offered | 24,99,999 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 58,33,333 | 35.00% | NA |
| NII (HNI) Shares Offered | 25,00,001 | 15.00% | NA |
| Retail Shares Offered | 58,33,334 | 35.00% | 1,29,629 |
| Total Shares Offered | 1,66,66,667 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹5,400 |
| Retail (Max) | 37 | 1,665 | ₹1,99,800 |
| S-HNI (Min) | 38 | 1,710 | ₹2,05,200 |
| S-HNI (Max) | 185 | 8,325 | ₹9,99,000 |
| B-HNI (Min) | 186 | 8,370 | ₹10,04,400 |
Incorporated in 1949, Tribhovandas Bhimji Zaveri Ltd. is India top jewellery retailer. Company sells gold jewellery, diamond-studded jewellery, platinum jewellery and jadau jewellery though 14 showrooms in 10 cities across five states.
Company's most popular and oldest showroom is located at Zaveri Bazar, Mumbai. This was established in 1864. Along with in-house design jewellery, Bhimji Zaveri also offers jewellery from various parts of the world such as Italy, Turkey and Thailand.
It was awarded the 'Readers Digest Trusted Brand Asia' in the category of 'Jewellery Shop' in 2006, 2007 and 2008.
As at March 31, 2012, it had 1,192 employees. In Fiscal 2011, its revenue from operations was 11,939.31 million on a consolidated basis, of which 72.51% was from the sale of gold jewellery, 22.08% was from the sale of diamond-studded jewellery and 5.41% was from sale of other products.
Company has plans to open 43 more showrooms by the end of Fiscal 2015 in 43 cities across 14 states.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the establishment of new showrooms | 19.19 |
| 2 | To meet incremental working capital requirements | 160.45 |
| 3 | General corporate purposes | 4.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.9% | 74.17% |
| Market Cap | ₹800.00 Cr. |
The Bhimji Zaveri IPO is subscribed 1.15 times on April 26, 2012 6:00:00 PM (Day 3). The public issue subscribed 0.68 times in the retail category, 1.29 times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.29 | 58,33,333 | |
| NII | 1.91 | 25,00,001 | |
| Retail | 0.68 | 58,33,334 | |
| Total | 1.15 | 1,41,66,668 |
CRISIL has assigned an IPO Grade 3 to Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO Grading Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee, underwriting and selling commission | 6.78 |
| 2 | Advertising and marketing expenses | 1.79 |
| 3 | Printing and stationery | 1.96 |
| 4 | Others (including legal fees, listing fee, Registrar’s fee) | 5.34 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹115.00 | ₹115.05 |
| Low | ₹110.00 | ₹110.50 |
| High | ₹119.80 | ₹120.00 |
| Last Trade | ₹111.20 | ₹111.00 |
Lead Manager Reports
Tribhovandas Bhimji Zaveri IPO is a main-board IPO of 1,66,66,667 equity shares of the face value of ₹10 aggregating up to ₹200 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 45.
The IPO opens on Tue, Apr 24, 2012, and closes on Thu, Apr 26, 2012.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tribhovandas Bhimji Zaveri IPO using UPI as a payment gateway. Zerodha customers can apply in Tribhovandas Bhimji Zaveri IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tribhovandas Bhimji Zaveri IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tribhovandas Bhimji Zaveri IPO opens on Tue, Apr 24, 2012 and closes on Thu, Apr 26, 2012.
Tribhovandas Bhimji Zaveri IPO lot size is 45, and the minimum amount required for application is ₹5,400.
You can apply in Tribhovandas Bhimji Zaveri IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tribhovandas Bhimji Zaveri IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tribhovandas Bhimji Zaveri IPO allotment status.
The Tribhovandas Bhimji Zaveri IPO listing date is on Wed, May 9, 2012.
