Timbor Home, a manufacturer-retailer having a Pan-India presence with more than 80 exclusive stores of kitchen, door and furniture retail outlets, is planning to enter the capital market on May 30, 2011. The issue will close on June 2, 2011.
The company has fixed the price band has been fixed at Rs 54 and Rs 63 per equity share. The book running lead managers to the issue is Corporate Strategic Allianz.
The company intends to use the proceeds of the issue for the purchase of machinery; establishment of new stores across India; meeting its additional working capital requirements.
Timbor Home is an international manufacturer and retailer of solid wood furniture, modular kitchens and doors with a distribution network comprising of franchisee stores across India.
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