About 33 lakh shares - more than 4% of total traded volume of 7.9 crore shares - of Timbor Home were gone for delivery on Wednesday - first day of trade on exchanges.
It was huge rush for shares of Timbor Home, a manufacturer and retailer of solid wood furniture, modular kitchens and doors.
Shares of Timbor Home, a manufacturer and retailer of solid wood furniture, modular kitchens and doors, opened at Rs 72, with 14% premium over an issue price of Rs 63 on the Bombay Stock Exchange.
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.
Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, has fixed issue price at higher end of price band of Rs 54-63 a share.
The IPO of Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, has received tremendous response from investors on last day.
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.
Timbor Home (THL), a manufacturer-retailer having a Pan-India presence with more than 80 exclusive stores of kitchen, door and furniture retail outlets, has opened its initial public offer of 36.9 lakh equity shares for subscription. MLR Securities has recommended avoiding the issue.
Timbor Home, a manufacturer-retailer having a Pan-India presence with more than 80 exclusive stores of kitchen, door and furniture retail outlets, has opened its initial public offer of 36.9 lakh equity shares for subscription today.
CRISIL Equities has assigned a grade of 1/5 to the proposed initial public offer (IPO) of Timbor Home, which indicates that the fundamentals of the IPO are ‘poor’ relative to other listed equity securities in India.