Timbor Home, a manufacturer-retailer having a pan-India presence with more than 80 exclusive stores of kitchen, has fixed issue price at higher end of price band of Rs 54-63 a share.
The issue was subscribed 5.78 times, as per data available on NSE. Retail investors were the leading participants in the issue. Their portion was subscribed 14.22 times.
Non-institutional investors and qualified institutional buyers’ reserved portion was subscribed 3.22 times and 0.65 times, respectively.
The company raised Rs 23.25 crore through the issue of 36.9 lakh equity shares.