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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.

Bhimji Zaveri IPO Details

Issue OpenApr 24, 2012 - Apr 26, 2012
Issue TypeBook Built Issue IPO
Issue Size16,666,667 Eq Shares of Rs 10
(aggregating up to Rs 200.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 120 - Rs 126 Per Equity Share
Market Lot45 Shares
Min Order Quantity45 Shares
Listing AtBSE, 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 Subscription Status (Bidding Detail)

Bhimji Zaveri IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

5,833,333

2,500,001

5,833,334

14,166,668

Apr 26, 2012 18:00

1.29x

1.91x

0.68x

1.15x

Bhimji Zaveri IPO Prospectus

Bhimji Zaveri IPO Rating

142
3.3
Rating:Rated 3.3 stars

Vote Here ...

Bhimji Zaveri IPO Listing Date

Listing DateWednesday, May 9, 2012
BSE Script Code534369
NSE SymbolTBZ
Listing InT
ISININE760L01018
Issue PriceRs 120 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 120.00
Rs 115.00
Rs 110.00
Rs 119.80
Rs 111.20
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 Reviews / Ratings

Company Contact Information

Tribhovandas Bhimji Zaveri Ltd
241/43, Zaveri Bazar,
Mumbai 400 002


Phone: +91 22 3956 5001
Email: investors@tbzoriginal.com
Website: http://www.tbztheoriginal.com

Bhimji Zaveri IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

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Bhimji Zaveri IPO Review / Comments

preeti sharma
39. preeti sharma  May 18, 2012 18:12 I Like It. | Report Abuse
What is the current position of company.
C.A
38. C.A  May 9, 2012 22:44 I Like It. | Report Abuse
98% ipo/fpos are trading in huge discount .But all past ipo/fpo was subscribe haveily.
gundu anna
37. gundu anna  May 9, 2012 07:24 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Wishing all tbz investors good luck on listing.....

Discl: i have not invested.
ahmedabadking
36. ahmedabadking  May 8, 2012 11:25 I Like It. | Report Abuse
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.
gundu anna
36.1. gundu anna  May 9, 2012 10:52 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Hehehehehe...... 5%.
Roshan Jain
35. Roshan Jain  May 6, 2012 16:01 I Like It. | Report Abuse
Hello,
Seenuipo's

I Applied through ASBA and i received share in my DMAT Account as on 05th May, 2012
seenuipo
34. seenuipo  May 6, 2012 06:31 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
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.
Roshan Jain
33. Roshan Jain  May 5, 2012 10:36 I Like It. | Report Abuse
Received Allotment ;;;;;;;

Can anyone tell the expected date of listing ???
vsp share
33.1. vsp share  May 8, 2012 10:31 I Like It. | Report Abuse
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.
Ryan
33.2. Ryan  May 9, 2012 13:06 I Like It. | Report Abuse
See, the fate of this isse.
People get looted themselves and then blame sebi and promoters of the company.
Priya Jain
32. Priya Jain  Apr 26, 2012 17:34 I Like It. | Report Abuse
One more IPO survive with 1.14 times subscription. Looks like no interest from QIB side.

Price should fix at lower level Rs 120.
Rahul ahuja
31. Rahul ahuja  Apr 26, 2012 13:38 I Like It. | Report Abuse
2100 buyer,bt stil little confuse apply or nt,ok let see stil bid can acept til 5pm,
gundu anna
30. gundu anna  Apr 26, 2012 10:48 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
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...
GOEL BERIWALA
29. GOEL BERIWALA  Apr 26, 2012 10:40 I Like It. | Report Abuse
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.
Imran Kadiwala
28. Imran Kadiwala  Apr 26, 2012 10:09 I Like It. | Report Abuse
another gov. trd amedmends on jewellery stock which makes this IPO again risky one..not to apply is advisable..!!
Ryan
27. Ryan  Apr 26, 2012 09:00 I Like It. | Report Abuse
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.
gundu anna
26. gundu anna  Apr 25, 2012 19:45 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
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...

Jackpoat
25. Jackpoat  Apr 24, 2012 19:55 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Looks like super flop issue of 2012...
santonu
25.1. santonu  Apr 25, 2012 08:53 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
expected to pick up today and issue is likely to be subscribed fully
Jackpoat
25.2. Jackpoat  Apr 25, 2012 12:40 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
lets see...
bangalore king
24. bangalore king  Apr 24, 2012 18:32 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
SOMPRASH
23. SOMPRASH  Apr 24, 2012 18:22 I Like It. | Report Abuse
On such an auspious day the subscription figures are not so :-

Qib 0.00
Hni 0.22
Retail 0.05
GOEL BERIWALA
22. GOEL BERIWALA  Apr 24, 2012 17:30 I Like It. | Report Abuse
HAI EVERYBODY,

PL TELL ME IF THERE IS ANY GMP OF TBZ ?
gundu anna
21. gundu anna  Apr 24, 2012 07:36 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
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..
gundu anna
21.2. gundu anna  Apr 24, 2012 18:35 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
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.
Jackpoat
21.3. Jackpoat  Apr 25, 2012 12:44 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
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.
Greed & Fear
20. Greed & Fear  Apr 22, 2012 20:12 I Like It. | Report Abuse
Hey dude....can someone explain me how can I apply to IPO's, I have never applied one before.....
K V Subba Rao
20.3. K V Subba Rao  Apr 23, 2012 17:08 I Like It. | Report Abuse
Congratulations! Your money is SAFE
Jackpoat
20.4. Jackpoat  Apr 24, 2012 16:11 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
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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