April 19, 2012

Tribhovandas Bhimji Jhaveri - (TBZ )Issues Opens 23-04-2012


TBZ is a well-known and trusted jewelers retailer in India with more than 145 years of track record.
• The Company has 14 showrooms in nine cities across five states, which have a total carpet area of approximately 48,818 sq. ft.
• The Company primarily retails gold jewelers and diamond-studded jewelers. Also retails other products, including platinum jeweler and jadau  jewellery.
• The Company is promoted by Shrikant Zaveri, Binaisha Zaveri and Raashi Zaveri.
Anchor Book Opens and closes                                 : Monday, April 23, 2012
Issue opens for all categories                                   :  Tuesday, April 24, 2012
Issue Close for all categories                                   : Thursday, April 26, 2012
Issue size                                                             : Total Issue of Rs. 2.00 bn to Rs 2.10 bn
Price Band                                                            : Rs. 120 to Rs. 126 per equity share
Application lot size                                                 :  45 shares
Total no. of shares issued at the above price band       : 16,666,667
Dilution at the above price band                               : 25%
Max no of Anchor Shares                                        : 2,499,999 shares
QIBs portion: Not more than 8,333,332 shares (of which 291,667 shares i.e. 5% of QIB portion is available for allocation on a proportionate basis to Mutual Funds only and the remainder i.e. 5,541,666 shares is available for allocation on a proportionate basis to all QIBs, including Mutual Funds)
Post issue number of shares                                  : 66,666,667 shares 
Post Money Valuation at the above price band         : Rs. 8.0 bn (USD 154 mn) at Rs. 120 / Rs. 8.4 bn (USD 162 mn) at Rs. 126
BRLMs                                                              : IDFC Capital and Avendus Capital
Registrar                                                           : Karvy Computershare
Maximum number of shares that can be applied for by MUTUAL FUNDS:  6,666,660 shares (10% of Post Issue Share Capital, as adjusted for the lot size)
Maximum number of shares that can be applied for by each FII & sub account: 6,666,660 shares (10% of Post Issue Share Capital, as adjusted for the lot size)
Maximum number of shares that can be applied by FII investing on behalf of its sub account which is a foreign corporate or an individual: 3,333,330 shares (5% of Post Issue Shares, adjusted to lot size)
Maximum number of shares that can be applied for by QIBs OTHER than MUTUAL FUNDS, Insurance co’s & FIIs as mentioned above: Total issue of 16,666,650 shares, as adjusted for the lot size (but subject to investment limits prescribed for them by applicable laws and their internal regulations)

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