Tribhovandas Bhimji Zaveri Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 9th May 2012.
The IPO was open between 24th April 2012 to 26th April 2012. The price band was Rs 120 to Rs 126 and the Issue Price was fixed at the lowerr level of the price band, Rs 120 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of 16,666,667 shares. IPO was subscribed 1.15 times (0.68 times in retail) on closing day. Tribhovandas Bhimji Zaveri is a manufacturer and seller of gold and diamond studded jewellery. It has 14 showrooms in nine cities across five states in India and is planning to open additional 44 showrooms (26 large format high street showrooms and 18 small format high street showrooms) by the end of fiscal 2014. It has its manufacturing unit located in Kandivali, Mumbai and has a total of 904 employees.
The proceeds of the IPO amount would be used by the management to setting up new showrooms and for working capital needs.
Listing Date: 9th May 2012
BSE Scrip Code: 534369
NSE Symbol: TBZ
Listing In: T Group of Securities
Issue Price: Rs 120.00 Per Equity Share
Face Value: Rs 10.00 Per Equity Share
The equity shares offered through the IPO are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Book running lead managers (BRLM) to the issue are IDFC Capital Limited and Avendus Capital Pvt Limited.
Registrar of the Issue : Karvy ComputerShare Private Limited, Hyderabad.
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