The IPO of Tree House Education Limited has received a good response from the investors with the 1st day subscription figure reached to 0.44 times on an overall basis. Tree House Education IPO is open on 10th August 2011 and will get closed on 12th August 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors Category where it overbid by 0.54 times on the 1st day of subscription. The price band for the issue is Rs 135 at lower level and Rs 153 at upper level. 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.
The category-wise subscription status of IPO on closing of 1st day is given below:-
Qualified Institutional Buyers (QIBs) : 0.50 times
Non Institutional Investors : 0.06 times
Retail Individual Investors : 0.54 times
Overall : 0.44 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 Book running lead managers to the issue are JM Financial Consultants and Motilal Oswal Investment Advisors .
Registrar of the Issue : Karvy Conputershare Private Limited, Hyderabad.
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