Tree house education and accessories are the leading
providers of educational services in India.
The price band of Tree House Education and Accessories Ltd's Initial Public Offering (IPO) of Rs.112-117 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 begins on August 10 and closes on August 12.
The promoters are looking to dilute 25.01 percent 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 utilize 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.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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