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  #1  
Old 18th November 2011, 06:22 PM
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Default TBZ (Tribhovandas Bhimji Zaveri) IPO



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

Quote:
Kishorebhai Zaveri, a senior member of the Indian gems and jewelry industry and a philanthropist passed away on October 24, 2011 at the age of 76 following a short illness.
Diamonds.net - Industry Mourns Passing of Kishorebhai Zaveri
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  #2  
Old 17th April 2012, 03:00 PM
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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.

Quote:
Mumbai based 145-year old jewellery retailer Tribhovandas Bhimji Zaveri is tapping the capital market with its public issue of more than 1.66 crore equity shares on April 24, diluting 25% stake, as per the advertisement in The Financial Express.
Tribhovandas Bhimji Zaveri IPO to open on April 24 - Moneycontrol.com -
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  #3  
Old 17th April 2012, 09:20 PM
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Alchemist are you going for this one? I am in 2 minds, would not go mostly.
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  #4  
Old 17th April 2012, 10:24 PM
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Quote:
Originally Posted by Newby View Post
Alchemist are you going for this one?
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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  #5  
Old 18th April 2012, 10:54 AM
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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.

Last edited by marketmover : 18th April 2012 at 11:03 AM.
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  #6  
Old 18th April 2012, 11:53 AM
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Quote:
Originally Posted by marketmover View Post
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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  #7  
Old 18th April 2012, 03:55 PM
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Price Band decided: 120 - 126.
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  #8  
Old 18th April 2012, 06:40 PM
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Would not go for this IPO too.

Happy Investing !
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  #9  
Old 18th April 2012, 09:42 PM
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Quote:
Originally Posted by ssoni View Post
Price Band decided: 120 - 126.
Way too high, 70-75 would have been the right price according to me.

Skipping this for sure.
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  #10  
Old 18th April 2012, 10:08 PM
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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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  #11  
Old 18th April 2012, 10:28 PM
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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.
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  #12  
Old 19th April 2012, 09:34 PM
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Quote:
Originally Posted by magnet View Post
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.
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  #13  
Old 19th April 2012, 10:53 PM
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Quote:
Originally Posted by Newby View Post
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


Last edited by magnet : 19th April 2012 at 11:03 PM.
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  #14  
Old 20th April 2012, 09:33 PM
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Quote:
Originally Posted by magnet View Post
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.
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  #15  
Old 26th April 2012, 12:35 PM
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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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  #16  
Old 26th April 2012, 03:23 PM
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3 PM update:

Overall subscription: 0.94 times.
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  #17  
Old 26th April 2012, 06:24 PM
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Avoid TBZ IPO: Says KM global
--------------
Avoid Tribhovandas Bhimji Zaveri IPO: KM Global - Moneycontrol.com -

IPO Subscribed Fully
Tribhovandas Bhimji Zaveri IPO fully subscribed - Moneycontrol.com -
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  #18  
Old 29th April 2012, 04:58 PM
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When is the listing?
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