Tree House Education IPO (Initial Public Offering) : Listing on 26th Aug 2011

by khalid on 25/08/2011 · 0 comments

Tree House Education Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 26th August 2011. The IPO was open between 10th Aug 2011 to 12th Aug 2011. The price band was Rs 135 to Rs 153 and the Issue Price was fixed at near to the lower level of the price band, Rs 135 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 113.83 Crore. Tree House Education supplies different types of duplex board cartons to over 100 clients in various sectors like FMCG, pharma, electricals, auto ancillary and food.

IPO Listing Detail :-
Listing Date: 26th August 2011
BSE Scrip Code : 533540
Listing In : ‘B’ Group of Securities
ISIN : INE040M01013
Issue Price : Rs. 135.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO are proposed to be utilized for expansion of its pre-school business (Rs.41.3 Cr), acquisition of office space (Rs.11 Cr), procurement of exclusivity rights to provide educational services (Rs.15.6 Cr), construction of infrastructure for educational complexes in Rajasthan and Gujarat (Rs.40 Cr), repayment of loan (Rs.28.58 Cr) and for other corporate purposes.

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

The Book running lead managers to the issue are JM Financial Consultants and Motilal Oswal Investment Advisors .

Registrar of the Issue : Link Intime India Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more on Tree House Education IPO !

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