The price band of Tribhovandas Bhimji Zaveri’s initial public offering (IPO) of Rs 200-210 crore has been fixed at Rs 120-126 a share.
The issue opens on April 24 and closes on April 26. The issue will constitute 25 per cent of the company’s post-issue paid-up capital.
The company plans to utilise the IPO proceeds to finance the establishment of new showrooms and to finance its working capital requirements.