Business Standard

TBZ sets IPO price band at Rs 120-126

Related News

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.

Read more on:   
|
|
|

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

Read More

Tribhovandas Zaveri IPO subscribed 20% on Day 2

The Rs 210-crore initial public offer (IPO) of jewellery retailer Tribhovandas Bhimji Zaveri's (TBZ) was subscribed 20% on the second day of the ...

Recommended for you

Advertisements

Quick Links

Market News

Aluminium up by 0.7% on pick-up in demand

A firming trend in base metals at the London Metal Exchange (LME) also supported the rise in prices

Nickel rose by 1.4% on positive global cues

Speculators enlarged positions on positive cues from global markets

Igarashi Motors rallies on strong Q4 results

The stock rallied 9% to Rs 535 after reporting a 71% YoY jump in net profit at Rs 17.04 crore in the March 2015 quarter.

PNC Infratech declined below issue price

The stock had listed at Rs 387, a 2.4% premium against its issue price of Rs 378 per share; At 1004 hours, the stock was trading at Rs 377

Nifty hovers around 8,350; Tata Motors, ITC decline 1%

By 9:55, the Sensex was lower by 63 points at 27,581 and the Nifty has slipped by 17 points at 8,353

 

Back to Top