Tree House Education & Accessories has come up with a 100% book building; Initial Public Offering (IPO) of 8,432,189 equity shares of face value of Rs 10 each in a price band of Rs 135-153 per equity share.
The IPO opens today, August 10,2011 and will close on August 12, 2011. JM Financial Consultants and Motilal Oswal Investment Advisors are the Book Running Lead Managers; Link Intime India is registrar to the issue.
The Company intends to utilize the proceeds of the issue, after deducting Issue expenses for the following objects:(a) Expansion of its pre-school business;(b) Acquisition of office space;(c) Procurement of exclusivity rights to provide educational services;(d) Construction of infrastructure for educational complexes in Rajasthan and Gujarat;(e) Repayment of loan; and(f) General corporate purposes
Tree House Education & Accessories was originally incorporated as a private limited company on July 10, 2006. Tree House Education & Accessories is the leading providers of educational services in India. It operates the largest number of self-operated pre-schools in India. As of December 31, 2010, the company had 177 pre-schools under the brand name of “Tree House” across 23 cities in India. Of 177 pre-schools, 108 are operated by the Company, or self operated, and the rest are operated through its franchisees. The self-operated pre-schools serve more than 5,000 students, which does not include the students at the franchisee operated pre-schools, primarily in the age group of 1.5 to 6 years. In recent years, the company has branched into providing educational services to K-12 schools and as of December 31, 2010, the company provided such services to 12 schools which had over 5,000 students, in 4 cities in India.
| Company Name | CMP |
|---|---|
| CL Educate | 108.10 |
| Zee Learn | 7.94 |
| Career Point | 420.65 |
| MT Educare | 3.14 |
| Veranda Learning Sln | 235.15 |
| View more.. | |
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