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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.
| 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 Size | 16,666,667 shares (aggregating up to ₹200.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 66,666,667 |
Bhimji Zaveri IPO offers 14,166,668 shares. 5,833,333 (41.18%) to QIB, 2,500,001 (17.65%) to NII, 5,833,334 (41.18%) to RII. 129,629 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 1,620 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,833,333 (41.18%) | NA |
| NII (HNI) Shares Offered | 2,500,001 (17.65%) | |
| Retail Shares Offered | 5,833,334 (41.18%) | 129,629 |
| Total Shares Offered | 14,166,668 (100%) |
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 | |||
The promoters of the company are Shrikant Zaveri, Binaisha Zaveri and Raashi Zaveri.
| Share Holding Pre Issue | 98.9% |
| Share Holding Post Issue | 74.17% |
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.
| 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 |
| KPI | Values |
|---|---|
| ROCE | 28.5% |
| RoNW | 44.2% |
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.
[Dilip Davda] Looking at the fancy enjoyed by such counters on the bourses, modest investment for long term investment recommended. Read detail review...
The Bhimji Zaveri IPO is subscribed 1.15 times on April 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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.29 |
| NII | 1.91 |
| Retail | 0.68 |
| Total | 1.15 |
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
| Listing Date | May 9, 2012 |
| BSE Script Code | 534369 |
| NSE Symbol | TBZ |
| ISIN | INE760L01018 |
| Final Issue Price | ₹120 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹120.00 |
| ₹115.00 |
| ₹110.00 |
| ₹119.80 |
| ₹111.20 |
| NSE |
|---|
| ₹120.00 |
| ₹115.05 |
| ₹110.50 |
| ₹120.00 |
| ₹111.00 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: tbz.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
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