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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 ₹120.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹5,400 (45 shares). 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 Date | April 24, 2012 to April 26, 2012 |
| Listing Date | May 9, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹126 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,66,66,667 shares (aggregating up to ₹200.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 6,66,66,667 shares |
Bhimji Zaveri IPO offers total 1,66,66,667 shares. Out of which 83,33,332 (50.00%) allocated to QIB, 58,33,333 (35.00%) allocated to QIB, 25,00,001 (15.00%) allocated to NII, 58,33,334 (35.00%) allocated to RII and 24,99,999 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Tribhovandas Bhimji Zaveri IPO opens on April 24, 2012, and closes on April 26, 2012.
| IPO Open Date | Tue, Apr 24, 2012 |
| IPO Close Date | Thu, Apr 26, 2012 |
| Tentative Listing Date | Wed, May 9, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 26, 2012 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Million)) | ||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 11,944.57 | 8,852.52 | 6,688.77 |
| Profit After Tax (PAT) | 404.21 | 169.36 | 104.34 |
The Company Bhimji Zaveri IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Looking at the fancy enjoyed by such counters on the bourses, modest investment for long term investment recommended. Read detail review...
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
| Listing Date | May 9, 2012 |
| BSE Script Code | 534369 |
| NSE Symbol | TBZ |
| ISIN | INE760L01018 |
| Final Issue Price | ₹120 per share |
| BSE Listing Group | T |
Tribhovandas Bhimji Zaveri Ltd.
241/43,
Zaveri Bazar,
Mumbai, Maharashtra, 400002
Phone: +91 22 3956 5001
Email: investors@tbzoriginal.com
Website: http://www.tbztheoriginal.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: tbz.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
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 ₹200.00 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 45.
The IPO opens on April 24, 2012, and closes on April 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 April 24, 2012 and closes on April 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 Wednesday, May 9, 2012.
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