Tribhovandas Bhimji Zaveri (TBZ) is on an active expansion mode. The leading retail jeweller has garnered a good response to its recent initial public offering. Uplifted with this support from the public, the jewellery retailer Tribhovandas Bhimji Zaveri recently said it would invest about Rs 1,200 crore in the next three years for opening 43 showrooms across the country. %% "We plan to open 43 new stores across India by 2015 with an investment entailing about Rs 1,200 crore. In Kolkata itself, we plan to open three more stores during the same period," Tribhovandas Bhimji Zaveri (TBZ) chairman Shrikant Zaveri told reporters after inaugurating the first of its two stores in the city of joy, Kolkata. %% The showrooms would be both in the large as well as small-format high street stores, he added. At present, TBZ has 18 showrooms across 11 cities, including metros as well as Tier-1 and Tier-2 cities. %% In April, TBZ had launched its Rs 200-crore IPO, which was subscribed 1.5 times on NSE. The company had then said the proceeds would be utilised for escalating its presence and also to meet its working capital requirements.