The company have filed its papers with SEBI but I am not sure when the IPO will come.

But I can vouch for this company as from childhood these are the one from whom we buy gold.

I put the thread because the original owner passed away few days back. And I found an article on him so sharing.

Industry Mourns Passing of Kishorebhai Zaveri

Diamonds.net - Industry Mourns Passing of Kishorebhai Zaveri

TBZ IPO opens on 24th April and closes on 26th April.

I hope they get the pricing right.

This is a capital intensive business and usually gets low multiples in the market.

Tribhovandas Bhimji Zaveri IPO to open on April 24 - Moneycontrol.com -

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Alchemist are you going for this one? I am in 2 minds, would not go mostly.

I won't comment on this issue till I look at the valuations of the company.

I prefer buying good companies, but only if valuations are reasonable.

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Don't know how much influence does Champaklal Zaveri has on this Company?

Alchemist can throw some more light on it, the website shows that its run by Shrikant Zaveri, I have no idea about him. It's a very old company, to call TBZ, a company sounds very odd, shop would be a more appropriate word, they are basically shopkeepers who have turned into Directors and CEOs and what not.

I don't think "Champaklal Zaveri" is associated with TBZ.

I did not find any mention of Champaklal Zaveri or his late parents, Kantaben and Pranlal in TBZ's RHP.

TBZ has an annual turnover of over Rs 1000 crore. I don't think it is fair to call it just a "shop".

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Price Band decided: 120 - 126.

Would not go for this IPO too.

Happy Investing !

Way too high, 70-75 would have been the right price according to me.

Skipping this for sure.

TBZ must be having a large number of HNI clients.

TBZ may be able to "convince" some of them to subscribe to the issue. .

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I'll take view after Tulsian's Analysis.

But one thing is sure once my family comes to know this ipo is out, they will even want me to go even if it cost 1000.

They are its loyal customer.

I am in doubt because if I go I will have to stick for long term.

if that's the case, get it from the secondary market after listing, you can get it for half price in a month's time.

How can you be sure that it will go half the price?

Same was said about mt educare and see already 30% run up seen here.

Though once it comes out of t segment it will surely fall.

by the way Tulsian's view.

https://www.sptulsian.com/article/66285

Well my gut feeling .

But I strongly feel that it is priced way too high.

TBZ IPO has been subscribed only 0.62 times till 12 PM.

Today is the last day.

I am not sure if the issue will get fully subscribed or not.

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3 PM update:

Overall subscription: 0.94 times.

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Avoid TBZ IPO: Says KM global
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Avoid Tribhovandas Bhimji Zaveri IPO: KM Global - Moneycontrol.com -

IPO Subscribed Fully
Tribhovandas Bhimji Zaveri IPO fully subscribed - Moneycontrol.com -

When is the listing?