Gold retailer TBZ to launch Rs 200 crore IPO on 24 April

 Gold retailer TBZ to launch Rs 200 crore IPO on 24 April

Reuters

Jewellery retailer Tribhovandas Bhimji Zaveri will launch an initial public offering of shares on April 24, according to newspaper advertisements on Tuesday, a deal that sources said aims to raise up to Rs200 crore.

IDFC Capital and Avendus are book running lead managers for the issue, the advertisement said. The offering will close on April 26.

Tribhovandas, which sells gold and diamond jewellery, currently has 14 showrooms across India, according to its website.

Reuters

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Updated Date: Dec 20, 2014 17:24:37 IST