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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. Tribhovandas Bhimji Zaveri Ltd IPO review by Dilip Davda
  2. Tribhovandas Bhimji Zaveri Ltd IPO review by KM Global Finserv Pvt. Ltd.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved5,833,3332,500,0015,833,33414,166,668
Day 1 - Apr 24, 2012 17:00 IST0.00000.22000.05000.0600
Day 2 - Apr 25, 2012 17:00 IST0.00000.67000.19000.2000
Day 3 - Apr 26, 2012 18:00 IST1.29001.91000.68001.1500

Bhimji Zaveri IPO Prospectus

Bhimji Zaveri IPO Rating

142
3.3
Rating:Rated 3.3 stars

Vote Here ...

Bhimji Zaveri IPO Listing Date

  •   ›  Listing Date: Wednesday, May 9, 2012
  •   ›  BSE Script 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 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

Company Contact Information

Tribhovandas Bhimji Zaveri Ltd
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 Review / Comments

avatar
40. preeti sharma  May 18, 2012 6:12:52 PM IST Reply
What is the current position of company.
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39. C.A  May 9, 2012 10:44:46 PM IST Reply
98% ipo/fpos are trading in huge discount .But all past ipo/fpo was subscribe haveily.
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38. gundu anna  May 9, 2012 7:24:12 AM IST Reply
Wishing all tbz investors good luck on listing.....

Discl: i have not invested.
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37. ahmedabadking  May 8, 2012 11:25:51 AM IST Reply
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.
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37.1. gundu anna  May 9, 2012 10:52:48 AM IST
Hehehehehe...... 5%.
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36. Roshan Jain  May 6, 2012 4:01:27 PM IST Reply
Hello,
Seenuipo's

I Applied through ASBA and i received share in my DMAT Account as on 05th May, 2012
avatar
35. seenuipo  May 6, 2012 6:31:39 AM IST Reply
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.
avatar
34. Roshan Jain  May 5, 2012 10:36:10 AM IST Reply
Received Allotment ;;;;;;;

Can anyone tell the expected date of listing ???
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34.1. vsp share  May 8, 2012 10:31:15 AM IST
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.
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34.2. Ryan  May 9, 2012 1:06:35 PM IST
See, the fate of this isse.
People get looted themselves and then blame sebi and promoters of the company.
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33. Priya Jain  Apr 26, 2012 5:34:25 PM IST Reply
One more IPO survive with 1.14 times subscription. Looks like no interest from QIB side.

Price should fix at lower level Rs 120.
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32. Rahul ahuja  Apr 26, 2012 1:38:48 PM IST Reply
2100 buyer,bt stil little confuse apply or nt,ok let see stil bid can acept til 5pm,
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31. gundu anna  Apr 26, 2012 10:48:02 AM IST Reply
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...
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30. GOEL BERIWALA  Apr 26, 2012 10:40:14 AM IST Reply
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.
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29. Imran Kadiwala  Apr 26, 2012 10:09:59 AM IST Reply
another gov. trd amedmends on jewellery stock which makes this IPO again risky one..not to apply is advisable..!!
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28. Ryan  Apr 26, 2012 9:00:04 AM IST Reply
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.
avatar
27. gundu anna  Apr 25, 2012 7:45:36 PM IST Reply
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...

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26. Jackpoat  Apr 24, 2012 7:55:10 PM IST Reply
Looks like super flop issue of 2012...
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26.1. santonu  Apr 25, 2012 8:53:23 AM IST
expected to pick up today and issue is likely to be subscribed fully
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26.2. Jackpoat  Apr 25, 2012 12:40:07 PM IST
lets see...
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25. bangalore king  Apr 24, 2012 6:32:13 PM IST Reply
CM rating 40/100

http://www.capitalmarket.com/if.asp?L=ipo&M=cmedit%2fstory28-106.asp%3fsno%3d548656
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24. SOMPRASH  Apr 24, 2012 6:22:47 PM IST Reply
On such an auspious day the subscription figures are not so :-

Qib 0.00
Hni 0.22
Retail 0.05
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23. GOEL BERIWALA  Apr 24, 2012 5:30:50 PM IST Reply
HAI EVERYBODY,

PL TELL ME IF THERE IS ANY GMP OF TBZ ?
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22. gundu anna  Apr 24, 2012 7:36:03 AM IST Reply
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..
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22.1. Jackpoat  Apr 24, 2012 1:51:16 PM IST
but how we know qib before issue close bcoz at last moment rush reverse any guess
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22.2. gundu anna  Apr 24, 2012 6:35:24 PM IST
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.
avatar
22.3. Jackpoat  Apr 25, 2012 12:44:01 PM IST
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.
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21. Greed & Fear  Apr 22, 2012 8:12:26 PM IST Reply
Hey dude....can someone explain me how can I apply to IPO's, I have never applied one before.....
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21.1. Jackpoat  Apr 22, 2012 8:28:41 PM IST
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
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21.2. Greed & Fear  Apr 22, 2012 8:47:55 PM IST
Thanks Jackpot, but how to apply where to apply.....
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21.3. K V Subba Rao  Apr 23, 2012 5:08:43 PM IST
Congratulations! Your money is SAFE
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21.4. Jackpoat  Apr 24, 2012 4:11:49 PM IST
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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