Timbor Home Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 22nd Jun 2011. The IPO was open between 30th May 2011 to 2nd Jun 2011. The price band was Rs 54 to Rs 63 and the Issue Price was fixed at the upper level of the price band, Rs 63 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 23.25 Crore. 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.
IPO Listing Detail :-
Listing Date: 22nd Jun 2011
BSE Scrip Code : 533444
NSE Symbol : TIMBOR
Listing In : ‘B’ Group of Securities
ISIN : INE346L01016
Issue Price : Rs. 63.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for purchase of machinery, establishment of new stores across India, additional working capital requirements, public issue expenses, and general corporate purpose.
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
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