Mumbai based Tree House Education IPO has got 3 out of 5 by CRISIL (rating agency) and this rating/grading is ‘Average’ for a pre-school and K-12 education operator company. The grade 3 indicates that the fundamentals of the IPO are ‘Average’ compared to the other listed securities in India. Tree House Education supplies different types of duplex board cartons to over 100 clients in various sectors like FMCG, pharma, electricals, auto ancillary and food.
The IPO proceeds will be used by Tree House Education Limited for for expansion of its pre-school business (Rs.41.3 Cr), acquisition of office space (Rs.11 Cr), procurement of exclusivity rights to provide educational services (Rs.15.6 Cr), construction of infrastructure for educational complexes in Rajasthan and Gujarat (Rs.40 Cr), repayment of loan (Rs.28.58 Cr) and for other corporate purposes.
The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
The Book running lead managers to the issue are JM Financial Consultants and Motilal Oswal Investment Advisors .
Registrar of the Issue : Karvy Conputershare Private Limited, Hyderabad.
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