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:   
|
|
|

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 ...

Quick Links

 

Market News

V-Guard Industries hits record high

Post September quarter results, the stock rallied 25% as compared to 1.6% rise in the benchmark CNX Nifty.

New checks to ringfence markets from defaults, systemic risks

New mechanism aims to cut risks faced by markets due to defaults, will also have 'default waterfall' marks to limit liability of non-defaulting ...

Commexes' turnover down 50% at Rs 37 lakh cr so far this fiscal

Bullion takes biggest fall at 60%, energy, metals among other big losers

Primary steel mills to cut prices by Rs 500-700 a tonne for December

Steel prices are down upto 6% globally, raw material costs fall upto 12%

Mentha oil declines 0.74% on subdued demand

Higher supplies from producing regions fuel downtrend

Back to Top