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.
The promoters of the company are Shrikant Zaveri, Binaisha Zaveri and Raashi Zaveri.
|Particulars||For the year/period ended (in Rs. Million))|
|Profit After Tax (PAT)||404.21||169.36||104.34|
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 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
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
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||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|
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