Timbor Home IPO : Finally subscribed 5.78 times

by khalid on 03/06/2011 · 0 comments

The IPO of Timbor Home Limited has received a good response from the investors with the final day subscription figure reached to 5.78 times on an overall basis. Timbor Home Limited IPO was open on 30th May 2011 and got closed on 2nd Jun 2011 for subscription. The IPO has managed to get a better response from Retail Individual Investors (RIIs) Category where it overbid by 14.22 times on the final day of subscription. The price band for the issue is Rs 54 at lower level and Rs 63 at upper level. 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 category-wise subscription status of IPO on closing of 2nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.65 times
Non Institutional Investors : 3.22 times
Retail Individual Investors : 14.22 times
Overall : 5.78 times

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

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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