Tree House Education fixes issue price at Rs 135/share

Tree House Education and Accessories , an educational service provider has fixed its issue price at the lower end of band of Rs 135-153 a share.

The company has raised Rs 112.06 crore through the issue of 84.32 lakh equity shares, by diluting 25.01% stake.

It 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.

IPO, which was opened for subscription between August 10-12, was subscribed 1.85 times.

There will be a special discount of Rs. 6/- per equity share for retail investors, who will get consequently share at  Rs.129/- per share.

L&T IPO allotment status

L&T Finance Holdings’ up to Rs 17.5 billion (USD 392 million) initial public offering will open on July 26 and close July 29, the company said in a filing with the Registrar of Companies.

The offer will be open for anchor investors on July 26, while it will open for retail bids the next day.

HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse are the arrangers to the L&T Finance offer. Sharepro Services Private Limited is the registrar to the issue.

Check L&T Finance Holdings IPO Allotment Status Here

Allotment status for IPO

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