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Tree House Education IPO is a book build issue of ₹112.06 crores. The issue is entirely a fresh issue of 0.84 crore shares of ₹112.06 crore.
Tree House Education IPO bidding started from Aug 10, 2011 and ended on Aug 12, 2011. The shares got listed on BSE, NSE on Aug 26, 2011.
Tree House Education IPO price band is set at ₹135.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,400 (40 shares). The lot size investment for sNII is 38 lots (1,520 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (7,440 shares), amounting to ₹10,04,400.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tree House Education IPO RHP for detailed Information.
| IPO Date | August 10, 2011 to August 12, 2011 |
| Listing Date | August 26, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹153 per share |
| Issue Price Final | ₹135 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 84,32,189 shares (aggregating up to ₹112.06 Cr) |
| Retail Discount | Rs 6.00 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,52,83,081 shares |
| Share Holding Post Issue | 3,37,15,270 shares |
Tree House IPO offers total 84,32,189 shares. Out of which 42,16,095 (50.00%) allocated to QIB, 29,51,267 (35.00%) allocated to QIB, 12,64,828 (15.00%) allocated to NII, 29,51,266 (35.00%) allocated to RII and 12,64,828 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 42,16,095 (50.00%) | NA |
| − Anchor Investor Shares Offered | 12,64,828 (15.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,51,267 (35.00%) | NA |
| NII (HNI) Shares Offered | 12,64,828 (15.00%) | NA |
| Retail Shares Offered | 29,51,266 (35.00%) | 73,781 |
| Total Shares Offered | 84,32,189 (100.00%) |
Tree House Education IPO opens on August 10, 2011, and closes on August 12, 2011.
| IPO Open Date | Wed, Aug 10, 2011 |
| IPO Close Date | Fri, Aug 12, 2011 |
| Tentative Listing Date | Fri, Aug 26, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 12, 2011 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹5,400 |
| Retail (Max) | 37 | 1,480 | ₹1,99,800 |
| S-HNI (Min) | 38 | 1,520 | ₹2,05,200 |
| S-HNI (Max) | 185 | 7,400 | ₹9,99,000 |
| B-HNI (Min) | 186 | 7,440 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Tree House Education is one of the leading educational services providers in India. As per CRISIL report, they operate the largest number of self-operated pre-schools in India. They have 177 pre-schools under the brand name of "Tree House" across 23 cities in India.
Tree House provide a wide variety of educational services to K-12 schools which includes designing curriculum and providing teaching aids, supplying methods for imparting education, organizing extra-curricular activities for students and teacher training.
They offer playschool and nursery facilities, vacation camps, mother-toddler classes, hobby classes, day care facilities and teacher training course at pre-schools. Tree House Education's pre-schools are mainly located in the states of Maharashtra, Gujarat, Karnataka, Rajasthan and Andhra Pradesh. Company has been ranked amongst the 100 Small Business of the year 2010 in the annual survey conducted by the Franchising World.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 305.73 | 218.71 | 106.47 | 54.26 | 0.99 |
| Profit After Tax (PAT) | 70.78 | 25.99 | 5.12 | (1.91) | (4.89) |
The Company Tree House Education IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion of pre-school business | 4.20 |
| 2 | Acquisition of office space | 1.35 |
| 3 | Procurement of exclusivity rights to provide educational services | 2.70 |
| 4 | Construction of infrastructure for an educational complex in Rajasthan and Gujarat | 4.03 |
| 5 | Repayment of loans | 2.86 |
| 6 | General corporate purposes |
CRISIL has assigned an IPO Grade 3 to Tree House Education IPO. This means as per CRISIL, company has 'Average 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 Tree House IPO Report
| Listing Date | August 26, 2011 |
| BSE Script Code | 533540 |
| NSE Symbol | TREEHOUSE |
| ISIN | INE040M01013 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | B |
Tree House Education & Accessories Ltd.
702 C, Morya House,
Off New Link Road,
Andheri (West),
Mumbai, Maharashtra, 400053
Phone: +91 22 6456 2320
Email: compliance@treehouseplaygroup.net
Website: http://www.treehouseplaygroup.net
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email:
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tree House Education IPO is a main-board IPO of 84,32,189 equity shares of the face value of ₹10 aggregating up to ₹112.06 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 40.
The IPO opens on August 10, 2011, and closes on August 12, 2011.
MUFG Intime 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 Tree House Education IPO using UPI as a payment gateway. Zerodha customers can apply in Tree House Education IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tree House Education IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tree House Education IPO opens on August 10, 2011 and closes on August 12, 2011.
Tree House Education IPO lot size is 40, and the minimum amount required for application is ₹5,400.
You can apply in Tree House Education 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 Tree House Education IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tree House Education IPO allotment status.
The Tree House Education IPO listing date is on Friday, August 26, 2011.
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