Timbor Home IPO subscribed fully on Day 3
The initial public offering of Timbor Home Ltd, which is into manufacturing and retailing of modular kitchen got subscribed fully on the third day of issue.
By PTI |
MUMBAI: The initial public offering of Timbor Home Ltd, which is into manufacturing and retailing of modular kitchen, got subscribed fully on the third day of issue today.
The company expects to mop up over Rs 23 crore through the sale of shares.
According to the data available with the stock exchanges, Timbor Home received total bids for 37.2 lakh shares against 36.9 lakh shares on offer.
Price band for the initial share sale has been fixed at Rs 54-63 and the IPO proceeds would be mainly utilised for expansion plans.
The issue closes tomorrow. Out of the total issue, 50 per cent would be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs) while 35 per cent would be allocated to retail investors.
The company expects to mop up over Rs 23 crore through the sale of shares.
According to the data available with the stock exchanges, Timbor Home received total bids for 37.2 lakh shares against 36.9 lakh shares on offer.
Price band for the initial share sale has been fixed at Rs 54-63 and the IPO proceeds would be mainly utilised for expansion plans.
The issue closes tomorrow. Out of the total issue, 50 per cent would be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs) while 35 per cent would be allocated to retail investors.
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