IPO will fund capex, expansion plans: TBZ MD
Shrikant Zaveri, managing director, at Tribhovandas Bhimji Zaveri (TBZ) talks about the company's IPO, which has opened today. "The initial public offering will fund capex, expansion plans. We expect to sustain profit margins. We are planning to add 9 stores in the first year and 43 stories in second and third year," he said. However, he added that they are not looking at bringing in international brands.
