Business Standard

TBZ sets IPO price band at Rs 120-126

Press Trust Of India  |  New Delhi 

  • ALSO READ

    SME bourses attract few takers

    Tribhovandas sets price band for 200 cr IPO

    New Sebi norms reduce listing-day volatility

    The deal provides the right signal for intrinsic value of Max India: Rahul Khosla

    Funds through IPOs slump 82% to Rs 5,800 cr in 2011-12

Jewellery retailer (TMZ) has fixed the price band for its Rs 210-crore initial public offering (IPO) at Rs 120-126 a share. The public issue of 16.6 million equity shares with a face value of Rs 10 each will open on April 24 and close on April 26.

At the lower end of the price band, it will raise Rs 200 crore, while on the upper band it will mop up Rs 210 crore.

According to the red herring prospectus, the proceeds would be used to finance new showrooms and to meet incremental working capital requirements. TBZ plans to open nine new large-format high street showrooms in FY13. It already has 14 showrooms in 10 cities across five states.

and are book running lead managers for the issue. The company manufactures and retails gold, diamond and platinum jewellery.

TBZ sets IPO price band at Rs 120-126

Jewellery retailer Tribhovandas Bhimji Zaveri (TMZ) has fixed the price band for its Rs 210-crore initial public offering (IPO) at Rs 120-126 a share.

Jewellery retailer (TMZ) has fixed the price band for its Rs 210-crore initial public offering (IPO) at Rs 120-126 a share. The public issue of 16.6 million equity shares with a face value of Rs 10 each will open on April 24 and close on April 26.

At the lower end of the price band, it will raise Rs 200 crore, while on the upper band it will mop up Rs 210 crore.

According to the red herring prospectus, the proceeds would be used to finance new showrooms and to meet incremental working capital requirements. TBZ plans to open nine new large-format high street showrooms in FY13. It already has 14 showrooms in 10 cities across five states.

and are book running lead managers for the issue. The company manufactures and retails gold, diamond and platinum jewellery.

image