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