The Bhimji Zaveri IPO is a Rs 200.00 crore book-built issuance. Bidding for the Bhimji Zaveri IPO began on April 24, 2012 and finished on April 26, 2012. On May 9, 2012, the shares were listed on the BSE and NSE. The pricing range for Bhimji Zaveri’s initial public offering (IPO) is set at 120 to 126 rupees per share. An application requires a minimum lot size of 45 shares. Retail investors must make a minimum investment of $5,670.
The company’s most popular and oldest showroom is in Mumbai’s Zaveri Bazar. This was founded in 1864. Bhimji Zaveri sells jewelry from all around the world, including Italy, Turkey, and Thailand, in addition to its own designs. It was named a ‘Readers Digest Trusted Brand Asia’ in the area of ‘Jewellery Shop’ in 2006, 2007, and 2008. It employed 1,192 people as of March 31, 2012. In fiscal 2011, its revenue from operations was 11,939.31 million on a consolidated basis, with 72.51% coming from the sale of gold jewelry, 22.08% coming from the sale of diamond-studded
jewelry, and 5.41% coming from the sale of other items. Company has plans to open 43 more showrooms by the end of Fiscal 2015 in 43 cities across 14 states.
Bhimji Zaveri IPO Details
| IPO Date | April 24, 2012 to April 26, 2012 |
| Listing Date | May 9, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹126 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 16,666,667 shares (aggregating up to ₹200.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Bhimji Zaveri IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹5,670 |
| Retail (Max) | 35 | 1575 | ₹198,450 |
Bhimji Zaveri IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 5,833,333 (41.18%) | NA |
| NII (HNI) Shares Offered | 2,500,001 (17.65%) | |
| Retail Shares Offered | 5,833,334 (41.18%) | 129,629 |
| Total Shares Offered | 14,166,668 (100%) |
Bhimji Zaveri Company Financials
| Particulars | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Total Income | 11,944.57 | 8,852.52 | 6,688.77 |
| Profit After Tax (PAT) | 404.21 | 169.36 | 104.34 |
Objects of the Issue (Bhimji Zaveri IPO Objectives)
The objects of Tribhovandas Bhimji Zaveri Ltd IPO are:
- To finance the establishment of new showrooms;
- To finance incremental working capital requirements; and
- General corporate purposes.
Bhimji Zaveri IPO Listing Details
| Listing Date | May 9, 2012 |
| BSE Script Code | 534369 |
| NSE Symbol | TBZ |
| ISIN | INE760L01018 |
| Final Issue Price | ₹120 per share |
Bhimji Zaveri Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹115.00 | ₹115.05 |
| Low | ₹110.00 | ₹110.50 |
| High | ₹119.80 | ₹120.00 |
| Last Trade | ₹111.20 | ₹111.00 |
Tribhovandas Bhimji Zaveri Ltd Contact Details
Tribhovandas Bhimji Zaveri Ltd
241/43, Zaveri Bazar,
Mumbai 400 002
Phone: +91 22 3956 5001
Email: [email protected]
Website: http://www.tbztheoriginal.com
Bhimji Zaveri IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Bhimji Zaveri IPO FAQs
Q1. What is Bhimji Zaveri IPO?
Ans. Bhimji Zaveri IPO is a main-board IPO of 16,666,667 equity shares of the face value of ₹10 aggregating up to ₹200.00 Crores. The issue is priced at ₹120 to ₹126 per share. The minimum order quantity is 45 Shares. The IPO opens on April 24, 2012, and closes on April 26, 2012.
Q2. When Bhimji Zaveri IPO will open?
Ans. The Bhimji Zaveri IPO opens on April 24, 2012 and closes on April 26, 2012.
Q3.What is the lot size of Bhimji Zaveri IPO?
Ans. Bhimji Zaveri IPO lot size is 45 Shares, and the minimum amount required is ₹5,670.
Q4. When is Bhimji Zaveri IPO listing date?
Ans. The Bhimji Zaveri IPO listing date is on May 9, 2012.
