SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Timbor Home’s IPO gets subscribed by 37%

31 May 2011 Evaluate

Timbor Home’s initial public offer (IPO) of 36.90 lakh shares has been subscribed 37% on the first day of the bidding for the issue. The IPO received bids for 13.50 lakh shares.

The company has set price band between Rs 54 and Rs 63 per equity share. The issue will close on June 2, 2011. The issue would constitute 25% of the fully diluted post issue paid-up equity capital of the company.

The funds raised through the IPO will be used for purchase of machinery, establishment of new stores, working capital requirement and for other corporate purpose.

Timbor Home is a furniture manufacturing and retailing firm. It also operates on a franchise model. The company markets its products under the brand names Timbor Cucine- Modular Kitchens, Timbor Doors- Doors & Door Frames, Timbor Home- Home Furniture, and IKI Kitchens- Hi-end kitchen solutions using 'Hettich' Hardware and accessories.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×