Jewellery retailer Tribhovandas Bhimji Zaveri ( TBZ) set a price band of between Rs120 and Rs126 a share for its up to Rs2.1-billion initial public offering ( IPO).
Subscriptions to the 16.66-million-share issue will begin on April 24 and close on April 26, the company said.
A stock market rebound has boosted the outlook for share sales in India this year, with the recent offering from Multi Commodity Exchange receiving strong demand from investors.
IDFC Capital and Avendus are the lead bookrunners for Tribhovandas' share issue.
Tribhovandas has 14 showrooms across India, according to its website. It competes with jewellery retailers such as Gitanjali Gems, Titan Industries and Thangamayil Jewellery.
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Subscriptions to the 16.66-million-share issue will begin on April 24 and close on April 26, the company said.
A stock market rebound has boosted the outlook for share sales in India this year, with the recent offering from Multi Commodity Exchange receiving strong demand from investors.
IDFC Capital and Avendus are the lead bookrunners for Tribhovandas' share issue.
Tribhovandas has 14 showrooms across India, according to its website. It competes with jewellery retailers such as Gitanjali Gems, Titan Industries and Thangamayil Jewellery.
....more info