Bookbuilding IPO | ₹23 Cr | Listed at BSE, NSE | Mon, May 30, 2011 - Thu, Jun 2, 2011
Timbor Home IPO is a book build issue of ₹23.25 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹23.25 crore.
Timbor Home IPO bidding started from May 30, 2011 and ended on Jun 2, 2011. The shares got listed on BSE, NSE on Jun 22, 2011.
Timbor Home IPO price band is set at ₹63 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,300 (100 shares) (based on upper price). The lot size investment for sNII is 32 lots (3,200 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (15,900 shares), amounting to ₹10,01,700.
Corporate Strategic Allianz Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue.
Refer to Timbor Home IPO RHP for detailed Information.
IPO Open
Mon, May 30, 2011
IPO Close
Thu, Jun 2, 2011
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹92.97 Cr
| IPO Date | 30 May to 2 Jun, 2011 |
| Listed on | Wed, Jun 22, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹63 |
| Issue Price | ₹63 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,90,000 shares (agg. up to ₹23 Cr) |
| Fresh Issue | 36,90,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,10,66,580 shares |
| Share Holding Post Issue | 1,47,56,580 shares |
| BSE Script Code / NSE Symbol | 533444 / TIMBOR |
| ISIN | INE346L01016 |
Timbor Home IPO comprises a total issue size of 36,90,000 shares. Out of which, 18,45,000 (50.00%) are allocated to QIB, 5,53,500 (15.00%) allocated to NII 12,91,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 18,45,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 5,53,500 | 15.00% | NA |
| Retail Shares Offered | 12,91,500 | 35.00% | 12,915 |
| Total Shares Offered | 36,90,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,300 |
| Retail (Max) | 31 | 3,100 | ₹1,95,300 |
| S-HNI (Min) | 32 | 3,200 | ₹2,01,600 |
| S-HNI (Max) | 158 | 15,800 | ₹9,95,400 |
| B-HNI (Min) | 159 | 15,900 | ₹10,01,700 |
Incorporated in year 2000, Timbor Home Ltd is an India based manufacturer and retailer of Italian style modular kitchen components, door frames, home furniture and accessories. Company markets its products under brand names Timbor Cucine, Timbor Doors Timbor Home and IKI Kitchens.
Timbor has 3 manufacturing units in India, 2 of them are located in Ahmedabad and 1 in Anand district in Gujrat. Company market its product though more than 80 exclusive franchise stores in India.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Plant and Machinery for Capacity Expansion | 2.60 |
| 2 | Establishment of Stores | 4.00 |
| 3 | Additional Working Capital Requirement | 13.18 |
| 4 | Public Issue Expenses | 1.62 |
| 5 | General Corporate Purpose | 1.85 |
| KPI | |
|---|---|
| RoNW | 14.6% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 63.26% | 47.43% |
| Market Cap | ₹92.97 Cr. |
The Timbor Home IPO is subscribed 5.78 times on June 2, 2011 5:30:00 PM (Day 4). The public issue subscribed 14.22 times in the retail category, 0.65 times in the QIB category, and 3.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.65 | 18,45,000 | |
| NII | 3.22 | 5,53,500 | |
| Retail | 14.22 | 12,91,500 | |
| Total | 5.78 | 36,90,000 |
CRISIL has assigned an IPO Grade 1 to Timbor Home IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Timbor Home IPO Grading Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees Payable to Lead Manager | 0.26 |
| 2 | Fees Payable to Registrar | 0.03 |
| 3 | Fees Payable to Legal Advisor | 0.02 |
| 4 | IPO Grading Fees | 0.03 |
| 5 | Advertising and Marketing Expenses | 0.55 |
| 6 | Printing and Stationery & Distribution | 0.22 |
| 7 | Brokerage | 0.30 |
| 8 | Others | 0.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹63.00 | ₹63.00 |
| Open | ₹72.00 | ₹72.00 |
| Low | ₹72.00 | ₹72.00 |
| High | ₹94.50 | ₹99.00 |
| Last Trade | ₹91.20 | ₹91.55 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Timbor Home IPO is a main-board IPO of 36,90,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 100.
The IPO opens on Mon, May 30, 2011, and closes on Thu, Jun 2, 2011.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Timbor Home IPO using UPI as a payment gateway. Zerodha customers can apply in Timbor Home IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Timbor Home IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Timbor Home IPO opens on Mon, May 30, 2011 and closes on Thu, Jun 2, 2011.
Timbor Home IPO lot size is 100, and the minimum amount required for application is ₹6,300.
You can apply in Timbor Home IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Timbor Home IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Timbor Home IPO allotment status.
The Timbor Home IPO listing date is on Wed, Jun 22, 2011.
