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 companyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
