Talwalkars Better value Fitness IPO : Opening on 21st Apr 2010

by khalid on 19/04/2010 · 0 comments


Talwalkars Better Value Pvt Ltd (TBVF), commonly famous as Talwalkars, is India’s largest chain of health centers. The company established in 1932, it has 45 ultramodern branches across major cities in India. Talwalkars offer a diverse suite of services including Gyms, Spas, Aerobics and Health Counseling under the brand ‘Talwalkars’. The company is entering into primary market with an Initial Public Offer (IPO) of 6050000 Equity Shares of Rs 10 each. Initial Public Offer is opening from 21st April 2010 and the shares will be available for subscription up to 23rd April 2010. Face value of the share is Rs 10 per share. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue is Rs 128 at the upper end and Rs 123 at the lower end.

The proceeds of the IPO will be used for Setting up of additional health clubs, Repay certain unsecured loans availed by company and to Meet Issue related expenses.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 21st April 2010 – 23rd April 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 6050000 Equity Shares of Rs 10 each
Issue Size : Rs. 74.42 Crores – Rs 77.44 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 123 – Rs 128 Per Equity Share
Market Lot : 50 shares
Minimum Order Quantity : 50 shares
Listing At : BSE, NSE

Book running lead managers to the issue is India Infoline Limited.

Registrar of the Issue is Link Intime India Private Ltd. Mumbai.

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