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Tribhovandas Bhimji Zaveri Ltd IPO (Bhimji Zaveri IPO) Detail

Apr 24, 2012 - Apr 26, 2012        
  
   

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.

Company Promoters:

The promoters of the company are Shrikant Zaveri, Binaisha Zaveri and Raashi Zaveri.

Company Financials:

ParticularsFor the year/period ended (in Rs. Million))
31-Mar-1131-Mar-1031-Mar-09
Total Income11,944.578,852.526,688.77
Profit After Tax (PAT)404.21169.36104.34

Objects of the Issue:

The objects of Tribhovandas Bhimji Zaveri Ltd IPO are:

1. To finance the establishment of new showrooms;
2. To finance incremental working capital requirements; and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 24, 2012 - Apr 26, 2012
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 16,666,667 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 200.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 120 - Rs. 126 Per Equity Share
  »»  Market Lot: 45 Shares
  »»  Minimum Order Quantity: 45 Shares
  »»  Listing At: BSE, NSE

Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO Grading

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

Bhimji Zaveri IPO Reviews:

  1. Dilip Davda says 'Subscribe' to Tribhovandas Bhimji Zaveri Ltd IPO
  2. KM Global Finserv Pvt. Ltd. says 'Avoid' to Tribhovandas Bhimji Zaveri Ltd IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 5,833,333  2,500,001  5,833,334  14,166,668 
 Day 1 - Apr 24, 2012 17:00 IST 0.0000 0.2200 0.0500 0.0600 
 Day 2 - Apr 25, 2012 17:00 IST 0.0000 0.6700 0.1900 0.2000 
 Day 3 - Apr 26, 2012 18:00 IST 1.2900 1.9100 0.6800 1.1500 

Bhimji Zaveri IPO News Alerts

  1. Tuesday, May 8, 2012 12:44:58 PM
    IPO Listing - Tribhovandas Bhimji Zaveri Ltd
  2. Thursday, April 26, 2012 8:24:00 AM
    Final subscription - Tribhovandas Bhimji Zaveri Ltd
  3. Tuesday, April 17, 2012 11:43:14 AM
    Upcoming IPO - Tribhovandas Bhimji Zaveri Ltd

Bhimji Zaveri IPO Rating

   Rating: 3.3
142
3.3
Rating:Rated 3.3 stars

Vote Here ...

   IPO Reviews  |  IPO Gradings

Bhimji Zaveri IPO Listing Date

Listing Date:Wednesday, May 9, 2012
BSE Scrip Code:534369
NSE Symbol:TBZ
Listing In:T Group of Securities
Sector:Gems, Jewellery and Watches
ISIN:INE760L01018
Issue Price:Rs. 120.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 120.00
Open:Rs. 115.00
Low:Rs. 110.00
High:Rs. 119.80
Last Trade:Rs. 111.20
Volume:1,157,892
NSE
Rs. 120.00
Rs. 115.05
Rs. 110.50
Rs. 120.00
Rs. 111.00
1,253,983

Bhimji Zaveri IPO Prospectus

Company Contact Information

Registered Office :
    241/43, Zaveri Bazar,
    Mumbai 400 002
   
Phone: +91 22 3956 5001
Fax: +91 22 3956 5056
Email: investors@tbzoriginal.com
Website: http://www.tbztheoriginal.com

Bhimji Zaveri IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: tbz.ipo@karvy.com
Website: http://karisma.karvy.com

Bhimji Zaveri IPO Lead Manager(s)


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Bhimji Zaveri IPO Messages (Bhimji Zaveri IPO Comments)

  Post New Message ...  

40. preeti sharma  May 18, 2012 7:12:52 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
preeti sharma's - IPO Comments,  Public Profile

What is the current position of company.

 

39. C.A  May 9, 2012 11:44:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
C.A's - IPO Comments,  Public Profile

98% ipo/fpos are trading in huge discount .But all past ipo/fpo was subscribe haveily.

 

38. gundu anna  May 9, 2012 8:24:12 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Wishing all tbz investors good luck on listing.....

Discl: i have not invested.

 

37. ahmedabadking  May 8, 2012 12:25:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ahmedabadking's - IPO Comments,  Public Profile

listing is tommorow 9th may. Expected to be a great listing 5% upper circuit for sure as no one has applied. Another MT education in the making.

 

37.1. gundu anna  May 9, 2012 11:52:48 AM IST |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Hehehehehe...... 5%.

 

36. Roshan Jain  May 6, 2012 5:01:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Roshan Jain's - IPO Comments,  Public Profile

Hello,
Seenuipo's

I Applied through ASBA and i received share in my DMAT Account as on 05th May, 2012

 

35. seenuipo  May 6, 2012 7:31:39 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seenuipo's - IPO Comments,  Public Profile

Hello,
Roshan Jain
Have you received information of allotment.if so,whether you applied through ASBA or Non ASBA
Nobody received so far information about this
Have you phoned karvy and got the inforamtion.

 

34. Roshan Jain  May 5, 2012 11:36:10 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Roshan Jain's - IPO Comments,  Public Profile

Received Allotment ;;;;;;;

Can anyone tell the expected date of listing ???

 

34.1. vsp share  May 8, 2012 11:31:15 AM IST |  I Like It.  Like  |  Report Abuse
vsp share's - IPO Comments,  Public Profile

TBZ-IPO going to be listed on 9th May. sum research report said it is good for long term but i dont hv any idea.

 

34.2. Ryan  May 9, 2012 2:06:35 PM IST |  I Like It.  Like  |  Report Abuse
Ryan's - IPO Comments,  Public Profile

See, the fate of this isse.
People get looted themselves and then blame sebi and promoters of the company.

 

33. Priya Jain  Apr 26, 2012 6:34:25 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Priya Jain's - IPO Comments,  Public Profile

One more IPO survive with 1.14 times subscription. Looks like no interest from QIB side.

Price should fix at lower level Rs 120.

 

32. Rahul ahuja  Apr 26, 2012 2:38:48 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

2100 buyer,bt stil little confuse apply or nt,ok let see stil bid can acept til 5pm,

 

31. gundu anna  Apr 26, 2012 11:48:02 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Hi All,

I have decided NOT to apply for tbz IPO as I cannot take the risk with this issue.

Whatever the subscription figure, I am not going to apply. Now subscription fig may not be reliable... some related party may apply if any...

This may give some listing gain, but the risk is very high.. So I dont want to go with this...

 

30. GOEL BERIWALA  Apr 26, 2012 11:40:14 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
GOEL BERIWALA's - IPO Comments,  Public Profile

HAI EVERYBODY,

I AM ALSO IN THE OPINION THAT ONE SHOULD NOT APPLY IN SUCH TYPE OF IPO.

THIS MAY GIVE LISTING GAIN TO RETAILERS. BUT THE RISK OF GOING DOWN IN

THE OPENING DAY IS VERY VERY HIGH. SO, THOSE WHO HAVE HARD EARNED

MONEY SHOULD NOT APPLY.

 

29. Imran Kadiwala  Apr 26, 2012 11:09:59 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Imran Kadiwala's - IPO Comments,  Public Profile

another gov. trd amedmends on jewellery stock which makes this IPO again risky one..not to apply is advisable..!!

 

28. Ryan  Apr 26, 2012 10:00:04 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ryan's - IPO Comments,  Public Profile

Completely Avoid.......
Everyday new taxes by govt on gold transactions......no future of this company.....promoter will make profit and it will soon be 20% below its ipo price.

So why to risk your money in such cheap quality stock.

 

27. gundu anna  Apr 25, 2012 8:45:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Now tbz IPO looks very risky... remember it will list in trade to trade segment. So one has to take delivery on lisitng day. so who will buy this much shares on listing day if no demand exists now?

Let us see what happens tommorrow...

 

26. Jackpoat  Apr 24, 2012 8:55:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

Looks like super flop issue of 2012...

 

26.1. santonu  Apr 25, 2012 9:53:23 AM IST |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments,  Public Profile

expected to pick up today and issue is likely to be subscribed fully

 

26.2. Jackpoat  Apr 25, 2012 1:40:07 PM IST |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

lets see...

 

25. bangalore king  Apr 24, 2012 7:32:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
bangalore king's - IPO Comments,  Public Profile

CM rating 40/100

http://www.capitalmarket.com/if.asp?L=ipo&M=cmedit%2fstory28-106.asp%3fsno%3d548656

 

24. SOMPRASH  Apr 24, 2012 7:22:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SOMPRASH's - IPO Comments,  Public Profile

On such an auspious day the subscription figures are not so :-

Qib 0.00
Hni 0.22
Retail 0.05

 

23. GOEL BERIWALA  Apr 24, 2012 6:30:50 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
GOEL BERIWALA's - IPO Comments,  Public Profile

HAI EVERYBODY,

PL TELL ME IF THERE IS ANY GMP OF TBZ ?

 

22. gundu anna  Apr 24, 2012 8:36:03 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

those who wants to take some risk and punting can apply in this issue. There are anchor investors in this issue... so that much risk is reduced, however anchor investors are through mauritius which means may be promoters themselves making fake investments so that retail will subscribe!!???? They meight have some understanding with promoters too.....

I will decide on last day and then decide to apply or not. For me minimum 5 times each in QIB and retail is a must to apply..

 

22.1. Jackpoat  Apr 24, 2012 2:51:16 PM IST |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

but how we know qib before issue close bcoz at last moment rush reverse any guess

 

22.2. gundu anna  Apr 24, 2012 7:35:24 PM IST |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Jackpoat,

U can check at 230pm at NSE website. There u can find subscription figure. Still if one issue is missed out... no problem.. rather than loosing money....

Remember our objetive is not to apply for every issue... but to make money in every issue that we apply.

 

22.3. Jackpoat  Apr 25, 2012 1:44:01 PM IST |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

thats right. we only want mcx type issue with heavily oversubscribed.but this type of issue not come every month.
i ll apply ipo using online sbi asba which closed at 2.00 pm .before that i hv decide apply or not and if apply then how much.

 

21. Greed & Fear  Apr 22, 2012 9:12:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Greed & Fear's - IPO Comments,  Public Profile

Hey dude....can someone explain me how can I apply to IPO's, I have never applied one before.....

 

21.1. Jackpoat  Apr 22, 2012 9:28:41 PM IST |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

Apply for 1 lot ie if if it is oversubscribed in retail 3 times then 3 apply 3 lot and apply only if qib crosses 3 times

 

21.2. Greed & Fear  Apr 22, 2012 9:47:55 PM IST |  I Like It.  Like  |  Report Abuse
Greed & Fear's - IPO Comments,  Public Profile

Thanks Jackpot, but how to apply where to apply.....

 

21.3. K V Subba Rao  Apr 23, 2012 6:08:43 PM IST |  I Like It.  Like  |  Report Abuse
K V Subba Rao's - IPO Comments,  Public Profile

Congratulations! Your money is SAFE

 

21.4. Jackpoat  Apr 24, 2012 5:11:49 PM IST |  I Like It.  Like  |  Report Abuse
Jackpoat's - IPO Comments,  Public Profile

havu u demat and trading a/c... if yes contact ur broker for apply if no then first open a demat and trading a/c (sharekhan/india infoline/indiabull/icici security ect)

 

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