Tree House to list on August 26

Tree House Education and Accessories , an educational services provider, is going to list its shares on the exchanges on August 26, 2011.

The company has fixed its issue price of Rs 135 per share. QIB and HNI received shares at Rs 135 per share while retail category received at Rs 129 per share (Discount of Rs 6 to issue price).

Tree House mopped up Rs 112.06 crore via IPO of 84,32,189 equity shares. The issue was opened for subscription during August 10-12, 2011.

Tree House operates the largest number of self-operated pre-schools in India. (Source: CRISIL Report - December 2010). As of June 15, 2011, it has 223 pre-schools under the brand name of “Tree House” across 33 cities (as per municipal limits) in India; out of which 149 are operated by the company and the rest by franchisees.

It intends to utilise that proceeds for expansion of pre-school business; acquisition of office space; procurement of exclusivity rights to provide educational services; construction of infrastructure for educational complexes in Rajasthan and Gujarat; and repayment of loan.

L&T Finance Holdings slips below issue price

Shares of L&T Finance Holdings , a subsidiary of engineering and construction company Larsen and Toubro , debuted below the issue price of Rs 52 a share on Day 1.

At 9:48 hours IST, the stock was trading at Rs 51.35, down 1.25%. It has touched a high of Rs 53.85, which was the opening price and low of Rs 49.30 a share.

Traded volume on the National Stock Exchange was more than three crore equity shares.

CMD of L&T, AM Naik said L&T Finance's contribution in the entire group would go up to 30% from 10% in future.

L&T Finance received Rs 1,245 crore through the issue. Parent company L&T's stake in the company reduced to 83% post issue.

Company intends to use issue proceeds for augmenting the capital base of L&T Finance and L&T Infra to meet the capital requirements arising out of expected growth in their assets, primarily the loan portfolio.

L&T Finance Holdings to list shares on August 12

L&T Finance Holdings , a subsidiary of engineering and construction company Larsen and Toubro, will be listing its equity shares on exchanges on Friday, August 12. The company has fixed issue price at Rs 52 a share while the price band was 51-59 a share.

The issue, which opened between July 27-29, was subscribed more than 5 times.

Reserved portion of retail investors was subscribed 9.61 times while non-institutional investors' portion got subscribed 6.18 times and qualified institutional buyers 1.93 times.

L&T Finance received Rs 1,245 crore through the issue. Parent company L&T's stake in the company reduced to 83% post issue.

Company intends to use issue proceeds for augmenting the capital base of L&T Finance and L&T Infra to meet the capital requirements arising out of expected growth in their assets, primarily the loan portfolio.

Inventure Growth closes 78% higher on debut

Inventure Growth and Securities  showed stellar performance on listing day. The stock surged nearly 78% on Thursday to close at Rs 208 a share as against an issue price of Rs 117 on the BSE.

It has touched an intra-day high of Rs 225 and low of Rs 91.55 after opening the trade at Rs 119.

Inventure Growth & Securities Ltd IPO - Listing

Inventure Growth & Securities Ltd IPO shares will list on Thursday, August 04, 2011. Inventure raised capital through IPO of Rs. 81.90 crore from Jul 20, 2011 to Jul 22, 2011. Inventure’s IPO received good response from retail and non institutional investors and managed to oversubscribe subscribed 4.58 times. Company fixed the price for its IPO share on upper end of its price range at Rs 117 per share.

L&T Finance Listing date

L&T Finance Listing

India’s L&T Finance Holdings’ up to 17.5 billion rupee ($392 million) initial public offering will open on July 26 and close July 29.

Open Date 27-Jul-2011
Close Date 29-Jul-2011
Allotment Date 08-Aug-2011 (Expected)
Refund Date 09-Aug-2011
Listing Date : 09-to-11-Aug-2011 (Expected)