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Wednesday, August 17, 2011

Tree House Education fixes Issue Price at Rs.135

Tree House Education Limited has fixed the Issue Price of its recent IPO at the lower end of the Price Band of the IPO. The Issue Price is fixed at Rs.135/- per equity share, while the price band of the IPO was Rs.135/- to Rs.153/- per equity share

Tree House Education Limited intends to utilise the proceeds for expansion of pre-school business; acquisition of office space, procurement of exclusivity rights to provide educational services and construction of infrastructure for educational complexes in Rajasthan and Gujarat; and repayment of loan. Tree House Education Limited was open for subscription between August 10, 2011 and August 12, 2011 and was subscribed 1.85 times on an overall basis

As announced earlier, there will be a special discount of Rs.6/- per equity share for retail investors, who will consequently get the shares at Rs.129/- per share. Stay tuned to Indian IPO Blog for Tree House Education Limited IPO Allotment Status and Listing Day updates!

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