Timbor Home Limited is entering into primary market with an Initial Public Offer (IPO) of 3,690,000 Equity Shares of Rs 10 each. The IPO is opening on 30th May 2011 and the shares will be available for subscription up to 2nd Jun 2011. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 54 – Rs 63 Per Equity Share. The company is likely to raise around Rs 23.25 Crore through the issue at the upper level of price band. 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 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).
IPO Summary :-
IPO Open : 30th May 2011 – 2nd Jun 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : 3,690,000 Equity Shares of Rs 10 each
IPO Size : Rs 19.93 – 23.25 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 54 – Rs 63 Per Equity Share
Minimum Bid Quantity : 90 Shares (Rs.5670 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 3150 Shares (Rs. 198450 with 35 Lots ) @ upper level of price band
Listing At : BSE, 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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