Timbor Home IPO subscribed 50% on Day 1

There was a lot of investor interest in the IPO of Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, on Day 1. The retail portion of the issue has been fully subscribed (1.44 times) on Day 1 as of 5 pm on May 30, 2011.

June 02, 2011 / 11:03 IST

26 Aug, 2025 12:21

Volume

Todays L/H

There was a lot of investor interest in the IPO of Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, on Day 1. The retail portion of the issue has been fully subscribed (1.44 times) on Day 1 as of 5 pm on May 30, 2011.

Overall, the issue has been subscribed 50% as per NSE website. The grey market premium has shot up to Rs. 4 to Rs. 4.50 (as per SmartInvestment) over and above the issue price band of Rs 54-63 with Rs 2500 to Rs 2700 for Rs 2 lakh application form (Kostak).

The company

first published: May 31, 2011 07:37 am

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