Timbor Home IPO : CRISIL gives 1 out of 5 Grade

by khalid on 25/05/2011 · 0 comments

Timbor Home IPO have got 1 out of 5 by CRISIL (rating agency) and this rating/grading is Poor fundamentals for a modular kitchen businesses IPO. The grade 1 indicates that the fundamentals of the IPO are Poor compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of 3,690,000 Equity Shares of Rs 10 each. The premium of the issue will be decided through a 100% Book Building Process. The company will raise around Rs 23.25 crore through this IPO. Timbor Home Limited is manufacturer and retailer of Italian style modular kitchen components, door frames, home furniture and accessories. The company has 84 retail outlets, of which 81 are franchise stores and three are self-owned and operated.

The Sole Book running lead manager (BRLM) to the issue is Corporate Strategic Allianz Limited.

Registrar of the Issue : Purva Sharegistry (India) Private Limited

Stay tuned to BelltheBull Blog for more on Timbor Home IPO !

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