TribhovandasBhimjiZaveri Limited completes Anchor Allocation

TribhovandasBhimjiZaveri Limited (TBZ) who is tapping the capital markets with its IPO in a price band of Rs 120-126 today completed its allocation to anchor investors. A total 0f 24,99,999 shares have been allotted to three entities at the lower end of the price band of Rs 120. This allocation at the lower band is a setback for the company as this indicates the confidence level of the anchor investors. Secondly there is not a single mutual fund who has come as anchor even though there is a great retail growth story as the theme.

The allotment has been made to the three investors as follows: –