Timbor Home shines on plan to set up 30 high-end IKI stores

29 May 2012

Timbor Home is currently trading at Rs. 25.60, up by 0.20 points or 0.79% from its previous closing of Rs. 25.40 on the BSE.

The scrip opened at Rs. 27.70 and has touched a high and low of Rs. 27.70 and Rs. 25.60 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.00 on 23-Jun-2011 and a 52 week low of Rs. 19.00 on 28-Mar-2012.

Last one week high and low of the scrip stood at Rs. 27.70 and Rs. 22.70 respectively. The current market cap of the company is Rs. 40.88 crore.

The promoters holding in the company stood at 47.61% while Non-Institutions held 52.39% stake in the company. 

Timbor Home, integrated furniture maker is ready to set up 30 high-end ‘intelligent kitchens of India' (IKI) stores nationally in 2012-13. It has received Rs 6 crore funding from the Small Industries Development Bank of India (SIDBI) for the same.

The company aims to target premium upper-end of the young Indian consumers for IKI stores. Its existing 100 plus Timbor Cucine modular kitchen stores are targeted at the price conscious spending class.

Timbor Home is the first and only company in the Indian furniture industry to be fully integrated by having its own plantation, wood treatment facilities, manufacturing plants as well as retail stores.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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