Tree House Education & Accessories obtained 17cr from anchor investors

Tree House Education & Accessories has obtained commitment of greater than Rs 17cr from anchor investors.
The firm in discussion with book running leading_managers has finalised_allocation of 12,64,828 equity stocks to 3 anchor investors, that are Increasing India Focus_Fund (50percent portion), Axis Mutual Fund and Axis Midcap Fund.

They’ve subscribed for anchor_book of the Initial public offering at lowerend of price band of Rs 135-153 for every equity share. It appears that other investors such as qualified_institutional buyers, non_institutional as well as retail investors may place in bids at Rs,135 a stock.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Auction Market

Auction Market An auction  market is a good example of buying and selling of financial instruments (stocks) which happens on the floor of the exchange, such as ...…

American Depositary Receipt

American Depositary Receipt American Depositary Receipt (ADR) is known as a negotiable certificate  issued by an american bank stating that a number of stocks in the overseas firm ...…

Definition for Share

Definition for Share The Certificates representing one unit of ownership in a mutual fund, corporation and limited partnership, the share has a certain declared face value, ...…

Definition for Stock

Definition for Stock The stock of a business entity represents the original capital  invested (paid into) in the business by its founders. The corporation ownership is determined by ...…

Who makes the Offer Documents / Prospectus?

Who makes the Offer Documents / Prospectus? Commonly, the public issues of firms are maintained by "Merchant Bankers" who are accountable for obtaining the project estimated, finalizing the value of the projects, ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics