Tribhovandas Bhimji Zaveri, a well known name in Jewellery retail business, is launching an initial public offering of shares on April 24 to raise up to Rs 210 crore.
Issue Open: April 24, 2012
Issue close: April 26, 2012
Price Band: Rs. 120 - Rs. 126 Per Equity Share
Minimum Bid Size: 45 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 200000
Price band will be between Rs 120 and Rs 126 a share for its up to Rs 210 crore IPO. Subscription to 16.66-million-share IPO is set to begin on April 24th and closes on April 26th.
Tribhovandas Bhimji Zaveri has 14 showrooms across India and it's competitors include other organized jewellery retailers like Gitanjali Gems , Titan Industries and Thangamayil Jewellery etc.
IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO. This means as per CRISIL, company has 'Average Fundamentals'.
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