Tribhovandas Bhimji Zaveri Ltd IPO (Bhimji Zaveri IPO) Detail

April 24, 2012 - April 26, 2012

Bhimji Zaveri IPO is a book built issue of Rs 200.00 crores.

Bhimji Zaveri IPO bidding started from April 24, 2012 and ended on April 26, 2012. The shares got listed on BSE, NSE on May 9, 2012.

Bhimji Zaveri IPO price band is set at ₹120 to ₹126 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹5,670.

Avendus Capital Pvt Ltd and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the Bhimji Zaveri IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Bhimji Zaveri IPO RHP for detailed information.

Bhimji Zaveri IPO Details

IPO Date April 24, 2012 to April 26, 2012
Listing Date May 9, 2012
Face Value ₹10 per share
Price Band ₹120 to ₹126 per share
Lot Size 45 Shares
Total Issue Size16,666,667 shares
(aggregating up to ₹200.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Bhimji Zaveri IPO Reservation

Bhimji Zaveri IPO a total of 14,166,668 shares are offered. QIB: 5,833,333 (41.18%), RII: 5,833,334 (41.18%), NII: 2,500,001 (17.65%).

Anchor Investor Shares Offered-
QIB Shares Offered5,833,333 (41.18%)
NII (HNI) Shares Offered2,500,001 (17.65%)
Retail Shares Offered5,833,334 (41.18%)
Total Shares Offered14,166,668 (100%)

Bhimji Zaveri IPO Lot Size

Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 45 ₹5,670
Retail (Max) 35 1575 ₹198,450
Lot Size Calculator

About Tribhovandas Bhimji Zaveri Ltd

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 Financials

ParticularsFor the year/period ended (in Rs. Million))
Total Income11,944.578,852.526,688.77
Profit After Tax (PAT)404.21169.36104.34

Objects of the Issue (Bhimji Zaveri IPO Objectives)

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 Review (Apply)

[Dilip Davda]  Looking at the fancy enjoyed by such counters on the bourses, modest investment for long term investment recommended. Read detail review...

Bhimji Zaveri IPO Subscription Status (Bidding Detail)

The Bhimji Zaveri IPO is subscribed 1.15 times on Apr 26, 2012 6:00:00 PM. The public issue subscribed 0.68 times in the retail category, 1.29 times in the QIB category, and 1.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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 Prospectus

Bhimji Zaveri IPO Rating

Rating:Rated 3.3 stars
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Bhimji Zaveri IPO Listing Details

Listing Date May 9, 2012
BSE Script Code 534369
NSE Symbol TBZ
ISIN INE760L01018
Final Issue Price ₹120 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Bhimji Zaveri IPO Contact Details

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

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: tbz.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Bhimji Zaveri IPO - Buy or Not

Bhimji Zaveri IPO Recommendation Summary

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Bhimji Zaveri IPO FAQs

Bhimji Zaveri IPO is a main-board IPO of 16,666,667 equity shares of the face value of ₹10 aggregating up to ₹200.00 Crores. The issue is priced at ₹120 to ₹126 per share. The minimum order quantity is 45 Shares.

The IPO opens on April 24, 2012, and closes on April 26, 2012.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bhimji Zaveri IPO opens on April 24, 2012 and closes on April 26, 2012.

Bhimji Zaveri IPO lot size is 45 Shares, and the minimum amount required is ₹5,670.

You can apply in Bhimji Zaveri IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bhimji Zaveri IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhimji Zaveri IPO allotment status.

The Bhimji Zaveri IPO listing date is on May 9, 2012.
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Bhimji Zaveri IPO Message Board

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39. preeti sharma |   Link |May 18, 2012 6:12:52 PM
What is the current position of company.
38. C.A |   Link |May 9, 2012 10:44:46 PM
98% ipo/fpos are trading in huge discount .But all past ipo/fpo was subscribe haveily.
37. gundu anna |   Link |May 9, 2012 7:24:12 AM (500+ Posts, 100+ Likes)
Wishing all tbz investors good luck on listing.....

Discl: i have not invested.
36. ahmedabadking |   Link |May 8, 2012 11:25:51 AM
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 |   Link |May 9, 2012 10:52:48 AM (500+ Posts, 100+ Likes)
Hehehehehe...... 5%.
35. Roshan Jain |   Link |May 6, 2012 4:01:27 PM

I Applied through ASBA and i received share in my DMAT Account as on 05th May, 2012
34. seenuipo |   Link |May 6, 2012 6:31:39 AM (200+ Posts)
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 |   Link |May 5, 2012 10:36:10 AM
Received Allotment ;;;;;;;

Can anyone tell the expected date of listing ???
33.1. vsp share |   Link |May 8, 2012 10:31:15 AM
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 |   Link |May 9, 2012 1:06:35 PM
See, the fate of this isse.
People get looted themselves and then blame sebi and promoters of the company.
32. Priya Jain |   Link |Apr 26, 2012 5:34:25 PM
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 |   Link |Apr 26, 2012 1:38:48 PM
2100 buyer,bt stil little confuse apply or nt,ok let see stil bid can acept til 5pm,
30. gundu anna |   Link |Apr 26, 2012 10:48:02 AM (500+ 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 |   Link |Apr 26, 2012 10:40:14 AM




28. Imran Kadiwala |   Link |Apr 26, 2012 10:09:59 AM
another gov. trd amedmends on jewellery stock which makes this IPO again risky one..not to apply is advisable..!!
27. Ryan |   Link |Apr 26, 2012 9:00:04 AM
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 |   Link |Apr 25, 2012 7:45:36 PM (500+ 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 |   Link |Apr 24, 2012 7:55:10 PM (200+ Posts)
Looks like super flop issue of 2012...
25.1. santonu |   Link |Apr 25, 2012 8:53:23 AM (200+ Posts)
expected to pick up today and issue is likely to be subscribed fully
25.2. Jackpoat |   Link |Apr 25, 2012 12:40:07 PM (200+ Posts)
lets see...
24. bangalore king |   Link |Apr 24, 2012 6:32:13 PM (400 Posts)
CM rating 40/100

23. SOMPRASH |   Link |Apr 24, 2012 6:22:47 PM
On such an auspious day the subscription figures are not so :-

Qib 0.00
Hni 0.22
Retail 0.05
22. GOEL BERIWALA |   Link |Apr 24, 2012 5:30:50 PM

21. gundu anna |   Link |Apr 24, 2012 7:36:03 AM (500+ 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..
21.2. gundu anna |   Link |Apr 24, 2012 6:35:24 PM (500+ Posts, 100+ Likes)

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 |   Link |Apr 25, 2012 12:44:01 PM (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 |   Link |Apr 22, 2012 8:12:26 PM
Hey dude....can someone explain me how can I apply to IPO's, I have never applied one before.....
20.3. K V Subba Rao |   Link |Apr 23, 2012 5:08:43 PM
Congratulations! Your money is SAFE
20.4. Jackpoat |   Link |Apr 24, 2012 4:11:49 PM (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)