HNIs, institutions help TBZ issue to scrape through

he initial public offering (IPO) of Tribhovandas Bhimji Zaveri (TBZ) managed to scrape through on the final day, thanks to last minute bids from high net worth and institutional investors. The IPO was subscribed 1.15 times at 7 PM on Thursday, with the non-institutional investors category, comprising the well-heeled, bidding for 1.91 times and institutions bidding for 1.29 times the shares reserved for them. Retail investors bid for 0.6 times the shares set aside for them.


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