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:

Particulars	For the year/period ended (in Rs. Million))
	31-Mar-11	31-Mar-10	31-Mar-09
Total Income	11,944.57	8,852.52	6,688.77
Profit After Tax (PAT)	404.21	169.36	104.34

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 Open	Apr 24, 2012 - Apr 26, 2012
Issue Type	Book Built Issue IPO
Issue Size	16,666,667 Eq Shares of Rs 10 (aggregating up to Rs 200.00 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 120 - Rs 126 Per Equity Share
Market Lot	45 Shares
Min 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 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:

Vote Here ...

Bhimji Zaveri IPO Listing Date

Listing Date	Wednesday, May 9, 2012
BSE Script Code	534369
NSE Symbol	TBZ
Listing In	T
ISIN	INE760L01018
Issue Price	Rs 120 Per Equity Share
Face Value	Rs 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

Dilip Davda - Subscribe

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/

Bhimji Zaveri IPO Lead Manager(s)

Lead Manager Reports

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Useful Articles

Bhimji Zaveri IPO Review / Comments

39. preeti sharma May 18, 2012 18:12

What is the current position of company.

38. C.A May 9, 2012 22:44

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

37. gundu anna May 9, 2012 07:24

Top Contributor (400+ Posts, 100+ Likes)

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

Discl: i have not invested.

36. ahmedabadking May 8, 2012 11:25

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.

36.1. gundu anna May 9, 2012 10:52

Top Contributor (400+ Posts, 100+ Likes)

Hehehehehe...... 5%.

35. Roshan Jain May 6, 2012 16:01

Hello,
Seenuipo's

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

34. seenuipo May 6, 2012 06:31

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.

33. Roshan Jain May 5, 2012 10:36

Received Allotment ;;;;;;;

Can anyone tell the expected date of listing ???

33.1. vsp share May 8, 2012 10:31

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.

33.2. Ryan May 9, 2012 13:06

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

32. Priya Jain Apr 26, 2012 17:34

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

Price should fix at lower level Rs 120.

31. Rahul ahuja Apr 26, 2012 13:38

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

30. gundu anna Apr 26, 2012 10:48

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...

29. GOEL BERIWALA Apr 26, 2012 10:40

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.

28. Imran Kadiwala Apr 26, 2012 10:09

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

27. Ryan Apr 26, 2012 09:00

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.

26. gundu anna Apr 25, 2012 19:45

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...

25. Jackpoat Apr 24, 2012 19:55

Top Contributor (200+ Posts)

Looks like super flop issue of 2012...

25.1. santonu Apr 25, 2012 08:53

Top Contributor (200+ Posts)

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

25.2. Jackpoat Apr 25, 2012 12:40

Top Contributor (200+ Posts)

lets see...

24. bangalore king Apr 24, 2012 18:32

Top Contributor (300+ Posts)

CM rating 40/100

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

23. SOMPRASH Apr 24, 2012 18:22

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

Qib 0.00
Hni 0.22
Retail 0.05

22. GOEL BERIWALA Apr 24, 2012 17:30

HAI EVERYBODY,

PL TELL ME IF THERE IS ANY GMP OF TBZ ?

21. gundu anna Apr 24, 2012 07:36

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..

Load more comments (1 replies)

21.2. gundu anna Apr 24, 2012 18:35

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.

21.3. Jackpoat Apr 25, 2012 12:44

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.

20. Greed & Fear Apr 22, 2012 20:12

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

Load more comments (2 replies)

20.3. K V Subba Rao Apr 23, 2012 17:08

Congratulations! Your money is SAFE

20.4. Jackpoat Apr 24, 2012 16:11

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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