Tribhovandas Bhimji Zaveri IPO
Tribhovandas Bhimji Zaveri IPO — date, price band, lot size & details 2012
Tribhovandas Bhimji Zaveri listed on 9 May 2012 at ₹115.05, 4.1% below the ₹120 issue price.
Tribhovandas Bhimji Zaveri (TBZ) is a jewellery retailer selling gold, diamond, platinum and jadau jewellery through showrooms in 10 cities. Its total income was Rs 1,194.46 crore in FY2011.
Stock price
Tribhovandas Bhimji Zaveri is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 24 Apr 2012
- Close 26 Apr 2012
- Allotment 03 May 2012
- Refund/credit TBA
- Listing 09 May 2012
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 26 Apr, 2012 |
|---|---|
| Price Band | ₹120 – ₹126 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹200 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹5,400 |
| Retail (max) | 37 | 1,665 | ₹1,99,800 |
| S-HNI (min) | 38 | 1,710 | ₹2,05,200 |
| S-HNI (max) | 185 | 8,325 | ₹9,99,000 |
| B-HNI (min) | 186 | 8,370 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 668.88 crore in FY2009 to Rs 1,194.46 crore in FY2011.
- 02Profit after tax rose from Rs 10.43 crore in FY2009 to Rs 40.42 crore in FY2011, and was Rs 50.50 crore in nine months to December 2011.
- 03EBITDA rose from Rs 32.21 crore in FY2009 to Rs 87.32 crore in FY2011.
- 04Its brand dates back to a Mumbai showroom set up in 1864.
Risks · 5
- 01Total borrowing was Rs 204.56 crore on 31 December 2011, above its net worth of Rs 160.63 crore.
- 02Rs 160.45 crore of the issue was for working capital, as jewellery retail needs heavy inventory.
- 03Gold prices drive both sales and inventory value; profit was Rs 40.42 crore on income of Rs 1,194.46 crore in FY2011.
- 04The issue was priced at Rs 120, the bottom of its price band.
- 05Promoter holding fell from 98.9% before the issue to 74.17% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Tribhovandas Bhimji Zaveri offer document.
| Metric | 31 Dec 2011 | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|---|
| Assets | 607.56 | 513.53 | - | - |
| Total Income | 1,118.58 | 1,194.46 | 885.25 | 668.88 |
| Profit After Tax | 50.50 | 40.42 | 16.94 | 10.43 |
| EBITDA | 103.74 | 87.32 | 47.47 | 32.21 |
| NET Worth | 160.63 | 109.91 | 68.46 | 51.53 |
| Total Borrowing | 204.56 | 210.95 | 195.97 | 175.68 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Tribhovandas Bhimji Zaveri RHP.
Where the money goes
₹184.13 Cr of the issue is earmarked to named objects.
About the company
It sells gold jewellery, diamond studded jewellery, platinum jewellery and jadau jewellery through 14 showrooms in 10 cities across five states.
Its best known and oldest showroom at Zaveri Bazar, Mumbai, was established in 1864. It also offers jewellery from Italy, Turkey and Thailand alongside its own designs.
The IPO was Rs 200 crore and was entirely fresh issue at Rs 120, the bottom of the Rs 120 to Rs 126 band. Most of the money was for working capital, with the rest for new showrooms.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Tribhovandas Bhimji Zaveri IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Avendus Capital
11 issues handledBest listing: FirstCry (+40.0%). Weakest: Innoventive Industries (-4.3%).
Dam Capital Advisors Ltd
69 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Tribhovandas Bhimji Zaveri?
The current Grey Market Premium is ₹0.
What is the Tribhovandas Bhimji Zaveri IPO price band?
₹120 to ₹126, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 May 2012, with listing on 9 May 2012.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
