Timbor Home IPO : Subscribed 0.50 times on Day 1

by khalid on 30/05/2011 · 0 comments

The IPO of Timbor Home Limited has received a very little response from the investors with the 1st day subscription figure reached to just 0.50 times on an overall basis. Timbor Home Limited IPO is open on 30th May 2011 and will get closed on 2nd Jun 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors (RIIs) Category where it overbid by 1.44 times on the 1st 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 1st day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 1.44 times
Overall : 0.50 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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