Tribhovandas Bhimji Zaveri Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 8,333,332 (50%) | — | ₹10,500 Cr |
| NII (HNI) | — | 2,500,001 (15%) | — | ₹3,150 Cr |
| Retail | — | 5,833,334 (35%) | — | ₹7,350 Cr |
| Σ Total | — | 16,666,667 (100%) | — | ₹210,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹5,670 |
| Retail (Max) | 13 | 585 | ₹73,710 |
| S-HNI (Min) | 14 | 630 | ₹79,380 |
| B-HNI (Min) | 67 | 3,015 | ₹379,890 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 1,194 | 885 | 669 |
| Profit After Tax | 40 | 17 | 10 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To finance the establishment of new showrooms – 19.19
- 2 To meet incremental working capital requirements – 160.45
- 3 General corporate purposes – 4.49
Company Overview
Incorporated in 1949, Tribhovandas Bhimji Zaveri Ltd. is India top jewellery retailer. Company sells gold jewellery, diamond-studded jewellery, platinum jewellery and jadau jewellery though 14 showrooms in 10 cities across five states.
Company's most popular and oldest showroom is located at Zaveri Bazar, Mumbai. This was established in 1864. Along with in-house design jewellery, Bhimji Zaveri also offers jewellery from various parts of the world such as Italy, Turkey and Thailand.
It was awarded the 'Readers Digest Trusted Brand Asia' in the category of 'Jewellery Shop' in 2006, 2007 and 2008.
As at March 31, 2012, it had 1,192 employees. In Fiscal 2011, its revenue from operations was 11,939.31 million on a consolidated basis, of which 72.51% was from the sale of gold jewellery, 22.08% was from the sale of diamond-studded jewellery and 5.41% was from sale of other products.
Company has plans to open 43 more showrooms by the end of Fiscal 2015 in 43 cities across 14 states.