Tree House IPO gathers 44 percent subscription on opening day - Indian IPO Blog

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Thursday, August 11, 2011

Tree House IPO gathers 44 percent subscription on opening day

The IPO of Tree House Education and Accessories Ltd., which has opened for subscription from yesterday, has managed to garner 44% subscription on its day of opening.

Among the subscription figures, the response in the Qualified Institutional Buyers (QIBs) category is 0.50 times or 50%. The Retail Category, which has been offered a discount of Rs.6/- per equity share, has also been subscribed just above half its size at 0.54 times on the Opening Day

Earlier, The IPO Committee of the Board of Directors of the Tree House Education and Accessories Ltd., in consultation with BRLMs, has finalized allocation of 1,264,828 Equity Shares in aggregate, to Anchor Investors at Anchor Investor Allocation Price of Rs. 135 per Equity Share, which is at the lower end of the Price Band for the IPO

The allocation has been made to the following three Anchor Investors:
Rising India Focus Fund
Axis Equity Fund and
Axis Axis Midcap Fund

The shares under Tree House IPO are offered in a Price Band of Rs.135/- to Rs.153/- per equity share. Tree House has also announced a discount of Rs.6 per equity share on the final issue price to Retail Investors. The IPO would remain open for subscription till August 12, 2011

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