Bookbuilding IPO | ₹112 Cr | Listed at BSE, NSE | Wed, Aug 10, 2011 - Fri, Aug 12, 2011
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,120 (40 shares) (based on upper price). 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 Open
Wed, Aug 10, 2011
IPO Close
Fri, Aug 12, 2011
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹455.16 Cr
| IPO Date | 10 to 12 Aug, 2011 |
| Listed on | Fri, Aug 26, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹153 |
| Issue Price | ₹135 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 6.00 per share |
| Total Issue Size | 84,32,189 shares (agg. up to ₹112 Cr) |
| Fresh Issue | 84,32,189 shares (agg. up to ₹112 Cr) |
| Share Holding Pre Issue | 2,52,83,081 shares |
| Share Holding Post Issue | 3,37,15,270 shares |
| BSE Script Code / NSE Symbol | 533540 / TREEHOUSE |
| ISIN | INE040M01013 |
Tree House Education IPO comprises a total issue size of 84,32,189 shares. Out of which, 42,16,095 (50.00%) are allocated to QIB, 12,64,828 (15.00%) allocated to NII 29,51,266 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 39.47% | 29.6% |
| Market Cap | ₹455.16 Cr. |
The Tree House IPO is subscribed 1.85 times on August 12, 2011 6:00:00 PM (Day 3). The public issue subscribed 2.76 times in the retail category, 1.02 times in the QIB category, and 1.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.02 | 29,51,267 | |
| NII | 1.68 | 12,64,828 | |
| Retail | 2.76 | 29,51,266 | |
| Total | 1.85 | 71,67,361 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to the lead managers | 0.51 |
| 2 | Fees to the bankers to Issue | 0.01 |
| 3 | Underwriting, brokerage and selling commission (including commission and processing fees to SCSBs and the Syndicate for ASBA Applications) | 0.06 |
| 4 | Advertising, marketing, printing, stationery, distribution and postage expenses | 0.25 |
| 5 | Fees to advisors | 0.17 |
| 6 | Registrar to the Issue’s fees | 0.01 |
| 7 | Other expenses (grading agency, etc.) | 0.06 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹135.00 | ₹135.00 |
| Open | ₹132.80 | ₹132.00 |
| Low | ₹104.15 | ₹105.15 |
| High | ₹161.50 | ₹161.50 |
| Last Trade | ₹116.55 | ₹117.60 |
Lead Manager Reports
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 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 40.
The IPO opens on Wed, Aug 10, 2011, and closes on Fri, Aug 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 Wed, Aug 10, 2011 and closes on Fri, Aug 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 Fri, Aug 26, 2011.
