TBZ sets IPO price band at Rs 120-126

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
Business Standard
177 22
Business Standard

TBZ sets IPO price band at Rs 120-126

Press Trust Of India  |  New Delhi 

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.

RECOMMENDED FOR YOU

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
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
P I Inds. 643.50 7.90
Tech Mahindra 515.05 7.47
Greenply Inds. 211.50 7.06
Nilkamal Ltd 1213.10 6.35
J Kumar Infra 237.15 5.80
> More on BSE Gainers
Company Price() Chg(%)
P I Inds. 643.80 7.47
Tech Mahindra 514.95 7.23
Lanco Infratech 4.50 7.14
Greenply Inds. 211.35 6.77
J Kumar Infra 237.00 6.21
> More on NSE Gainers
Company Price() Chg(%)
VRL Logistics 288.55 -8.43
G S F C 74.70 -6.21
Bliss GVS Pharma 97.55 -4.97
Cipla 473.45 -4.33
Amara Raja Batt. 858.50 -4.02
> More on BSE Gainers
Company Price() Chg(%)
Ruchi Soya Inds. 18.80 -14.93
VRL Logistics 288.50 -8.34
G S F C 74.45 -6.53
Bliss GVS Pharma 97.30 -4.89
Cipla 473.50 -4.16
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard