Analysis and Insights into the world of IPOs and investing in India

Wednesday, August 10, 2011

Tree House makes allocation to Anchor Investors at lower end of Price Band

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:
  1. Rising India Focus Fund
  2. Axis Equity Fund and
  3. 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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