Tree House fixes public offer price at Rs 135-153

Our Bureau Mumbai | Updated on November 12, 2017

The price band of Tree House Education and Accessories Ltd's Initial Public Offering (IPO) of Rs 112-127 crore has been fixed at Rs 135- 153 a share.

The company proposes to issue up to 84,32,189 equity shares of face value Rs 10 each. The issue opens on August 10 and closes on August 12. The promoters are looking to dilute 25.01 per cent stake in the company post the issue.

The company will offer a discount of Rs 6 a share to retail investors. Tree House plans to utilise the IPO proceeds to expand its pre-school business, acquire office space, to procure exclusivity rights to provide educational services, for construction of infrastructure for educational complexes in Rajasthan and Gujarat and for repayment of loans.

The shares are proposed to be listed on the BSE and the NSE. JM Financial Consultants and Motilal Oswal Investment Advisors are the Book Running Lead Managers and Link Intime India is the Registrar to the issue.

Published on August 08, 2011

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