Timbor Home to list shares on June 22

Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, will be listing its equity shares on June 22. It has fixed issue price at higher end of price band of Rs 54-63 a share.

The issue, which had opened for subscription during May 30-June 2, was subscribed 5.78 times, as per data available on NSE. Retail investors were the leading participants in the issue. Their portion was subscribed 14.22 times.

Non-institutional investors and qualified institutional buyers' reserved portion was subscribed 3.22 times and 0.65 times, respectively.

The company raised Rs 23.25 crore through the issue of 36.9 lakh equity shares, which will be used for purchasing of machinery, establishment of new stores across India and working capital requirements.