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Tribhovandas Bhimji Zaveri Ltd IPO Opens for Subscription on 24 Apr 2012

Just a brief about Tribhovandas Bhimji Zaveri which was incorporated in 1949 and since than it has become one of the leading top jewellery retailer in India. The company is selling gold jewellery, diamond-studded jewellery, platinum jewellery and jadau jewellery. It has 14 showrooms which are spread in 10 cities across five states.

To tap the public money it is entering the capital market with an initial public offering (IPO) of 16,666,667 Equity Shares. The price band is still not available and will be informed through media as soon as same is finalised.

  • Issue opens on 24 Apr, 2012
  • Issue Closes for subscription on 26 Apr, 2012
  • Listing at BSE and NSE

The competitor exists in form of Tanishq, Gitanjali and Reliance Jewels in the segment.

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