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.
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; and3. General corporate purposes.
»» Issue Open: Apr 24, 2012 - Apr 26, 2012
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:
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Bhimji Zaveri IPO Messages (Bhimji Zaveri IPO Comments)
What is the current position of company.
98% ipo/fpos are trading in huge discount .But all past ipo/fpo was subscribe haveily.
Wishing all tbz investors good luck on listing.....
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 10:52:48 AM IST | gundu anna's messages
Received Allotment ;;;;;;;
34.1. vsp share May 8, 2012 10:31:15 AM IST | vsp share's messages
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 1:06:35 PM IST | Ryan's messages
See, the fate of this isse.
One more IPO survive with 1.14 times subscription. Looks like no interest from QIB side.
2100 buyer,bt stil little confuse apply or nt,ok let see stil bid can acept til 5pm,
another gov. trd amedmends on jewellery stock which makes this IPO again risky one..not to apply is advisable..!!
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?
Looks like super flop issue of 2012...
26.1. santonu Apr 25, 2012 8:53:23 AM IST | santonu's messages
expected to pick up today and issue is likely to be subscribed fully
26.2. Jackpoat Apr 25, 2012 12:40:07 PM IST | Jackpoat's messages
CM rating 40/100
On such an auspious day the subscription figures are not so :-
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.....
22.1. Jackpoat Apr 24, 2012 1:51:16 PM IST | Jackpoat's messages
but how we know qib before issue close bcoz at last moment rush reverse any guess
22.2. gundu anna Apr 24, 2012 6:35:24 PM IST | gundu anna's messages
22.3. Jackpoat Apr 25, 2012 12:44:01 PM IST | Jackpoat's messages
thats right. we only want mcx type issue with heavily oversubscribed.but this type of issue not come every month.
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 8:28:41 PM IST | Jackpoat's messages
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 8:47:55 PM IST | Greed & Fear's messages
Thanks Jackpot, but how to apply where to apply.....
21.3. K V Subba Rao Apr 23, 2012 5:08:43 PM IST | K V Subba Rao's messages
Congratulations! Your money is SAFE
21.4. Jackpoat Apr 24, 2012 4:11:49 PM IST | Jackpoat's messages
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)