Forwarding you the Multiple Scrip’s Result Updates. Kindly click on the links to view the report.
Showing posts with label Tree House Education. Show all posts
Showing posts with label Tree House Education. Show all posts
04 June 2013
25 August 2011
Tree House IPO to list on August 26
Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tree House Education, IPO to list on August 26 (Friday)
BSE Scrip Code: 533540.
ISIN No.INE040M01013
CLICK HERE to see Grey market premium/ discount
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tree House Education, IPO to list on August 26 (Friday)
BSE Scrip Code: 533540.
ISIN No.INE040M01013
CLICK HERE to see Grey market premium/ discount
23 August 2011
IPO allotment alert:: Tree House 572 shares are alloted on FULL application
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
IPO allotment alert::
Tree House 572 shares are alloted on FULL application
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
IPO allotment alert::
Tree House 572 shares are alloted on FULL application
13 August 2011
TREE HOUSE IPO: Oversubscribed 1.85x; retail 2.76x; HNI 1.68x; QIB 1.02x
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TREE HOUSE EDUCATION & ACCESSORIES LTD
Updated as on 12 Aug 2011 at 1800 hrs
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TREE HOUSE EDUCATION & ACCESSORIES LTD
| Total Issue Size | 7167361 |
| Total Bids Received | 13275960 |
| Total Bids Received at Cut-off Price | 4144120 |
| No. of times issue is subscribed | 1.85 |
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 2951267 | 2995600 | 1.02 |
| 1(a) | Foreign Institutional Investors (FIIs) | 0 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 806040 | ||
| 1(c) | Mutual Funds | 2189560 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 1264828 | 2128760 | 1.68 |
| 2(a) | Corporates | 1521320 | ||
| 2(b) | Individuals (Other than RIIs) | 607440 | ||
| 2(c) | Others | 0 | ||
| 3 | Retail Individual Investors (RIIs) | 2951266 | 8151600 | 2.76 |
| 3(a) | Cut Off | 3958480 | ||
| 3(b) | Price Bids | 4193120 |
Updated as on 12 Aug 2011 at 1800 hrs
11 August 2011
Ordinary retail Alert: AVOID- TREE HOUSE EDUCATION IPO
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Ordinary retail Alert: AVOID- TREE HOUSE EDUCATION IPO
NOT WORTH INVESTING for retail.
It will be operator driven and if VERY over-valued and will cause concern for retail
Do NOT APPLY unless you understand how operators will play it.
TREE HOUSE EDUCATION & ACCESSORIES LTD
Updated as on 11 Aug 2011 at 1700 hrs
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Ordinary retail Alert: AVOID- TREE HOUSE EDUCATION IPO
NOT WORTH INVESTING for retail.
It will be operator driven and if VERY over-valued and will cause concern for retail
Do NOT APPLY unless you understand how operators will play it.
TREE HOUSE EDUCATION & ACCESSORIES LTD
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 2951267 | 1481440 | 0.50 |
| 1(a) | Foreign Institutional Investors (FIIs) | 0 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 0 | ||
| 1(c) | Mutual Funds | 1481440 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 1264828 | 119560 | 0.09 |
| 2(a) | Corporates | 56640 | ||
| 2(b) | Individuals (Other than RIIs) | 62920 | ||
| 2(c) | Others | 0 | ||
| 3 | Retail Individual Investors (RIIs) | 2951266 | 3295640 | 1.12 |
| 3(a) | Cut Off | 1042840 | ||
| 3(b) | Price Bids | 2252800 |
Updated as on 11 Aug 2011 at 1700 hrs
Tree House Education :: Advise: Subscribe (At lower band) :Way 2 Wealth
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tree House Education & Accessories Ltd. (Tree House), which started
operations in 2007, operates pre-schools under the brand name of 'Tree
House'. As of June 15, 2011, ‘Tree House’ had 223 pre-schools (of which
149 are self-operated) across 33 cities. The company also provided
educational services to 12 schools, which have over 5,000 students, in
four cities in India. Tree House has also ventured into ancillary services
like preschool teacher training and day care.
Objects of the issue: Tree House plans to utilise the IPO proceeds to
open 120 new pre-schools by 2014 (Rs 41 crore), besides constructing
the necessary infrastructure in Rajasthan and Gujarat (Rs 40 crore). It
also plans to use the proceeds for acquiring office space (Rs 11 crore),
procuring exclusivity rights to provide educational services (Rs 15.6
crore) and repayment of loan (Rs 28.5 crore).
Investment Rationale
􀂃 Company-owned model: The Company prefers company-owned
model as against franchisee model as the former has various
inherent advantages such as quality control and maintenance of
hygiene. Its 149 self-operated pre-schools represent 66.82% of its
total pre- schools.
ô€‚ƒ Recognized brand: The “Tree House” brand is well- recognized for
pre-schools and its quality teaching methods.
􀂃 Expansion to new geographies: It intends to expand its
geographical presence and reach by opening 120 additional selfoperated
pre- schools across India by FY14.
􀂃 Standardized and innovative teaching methods: For maintaining
quality, all its pre- schools have standardized curriculum and
innovative teaching methods including playschool, nursery facilities,
vacation camps, mother-toddler classes, hobby classes, day care
facilities and teacher training course. An average teacher student
ratio of 1:14 is maintained at its self- operated pre- schools.
Key Concerns
􀂃 It proposes to set up educational complex at Jhunjhunu, Rajasthan
on a land which cannot be used for non-agricultural purpose. It is
yet to receive approval for land use conversion. If delayed it may
disrupt the schedule of development of the said complex.
􀂃 Limited operating history in providing educational services to K12
schools.
􀂃 Its self-operated pre-schools are mainly on leave and license basis.
Inability to renew the agreements may hamper the operations.
Valuation and Investment Argument: The pre-school market is still at
a nascent stage in India and being highly fragmented and unorganised
provides huge opportunity to an established player and early entrant
like ‘Tree House’. At the offer price bands, the issue is available at P/E
of 38.6x- 43.7x its FY12E EPS of Rs 3.5 on post diluted equity capital
which seems to be on a higher side. Though we are not comfortable on
the pricing front and the present market stuation also looks threatening
but being a concept stock, it may attract investor interest. Hence we
recommend playing on Education theme via Tree House. Subscribe at
the lower band.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tree House Education & Accessories Ltd. (Tree House), which started
operations in 2007, operates pre-schools under the brand name of 'Tree
House'. As of June 15, 2011, ‘Tree House’ had 223 pre-schools (of which
149 are self-operated) across 33 cities. The company also provided
educational services to 12 schools, which have over 5,000 students, in
four cities in India. Tree House has also ventured into ancillary services
like preschool teacher training and day care.
Objects of the issue: Tree House plans to utilise the IPO proceeds to
open 120 new pre-schools by 2014 (Rs 41 crore), besides constructing
the necessary infrastructure in Rajasthan and Gujarat (Rs 40 crore). It
also plans to use the proceeds for acquiring office space (Rs 11 crore),
procuring exclusivity rights to provide educational services (Rs 15.6
crore) and repayment of loan (Rs 28.5 crore).
Investment Rationale
􀂃 Company-owned model: The Company prefers company-owned
model as against franchisee model as the former has various
inherent advantages such as quality control and maintenance of
hygiene. Its 149 self-operated pre-schools represent 66.82% of its
total pre- schools.
ô€‚ƒ Recognized brand: The “Tree House” brand is well- recognized for
pre-schools and its quality teaching methods.
􀂃 Expansion to new geographies: It intends to expand its
geographical presence and reach by opening 120 additional selfoperated
pre- schools across India by FY14.
􀂃 Standardized and innovative teaching methods: For maintaining
quality, all its pre- schools have standardized curriculum and
innovative teaching methods including playschool, nursery facilities,
vacation camps, mother-toddler classes, hobby classes, day care
facilities and teacher training course. An average teacher student
ratio of 1:14 is maintained at its self- operated pre- schools.
Key Concerns
􀂃 It proposes to set up educational complex at Jhunjhunu, Rajasthan
on a land which cannot be used for non-agricultural purpose. It is
yet to receive approval for land use conversion. If delayed it may
disrupt the schedule of development of the said complex.
􀂃 Limited operating history in providing educational services to K12
schools.
􀂃 Its self-operated pre-schools are mainly on leave and license basis.
Inability to renew the agreements may hamper the operations.
Valuation and Investment Argument: The pre-school market is still at
a nascent stage in India and being highly fragmented and unorganised
provides huge opportunity to an established player and early entrant
like ‘Tree House’. At the offer price bands, the issue is available at P/E
of 38.6x- 43.7x its FY12E EPS of Rs 3.5 on post diluted equity capital
which seems to be on a higher side. Though we are not comfortable on
the pricing front and the present market stuation also looks threatening
but being a concept stock, it may attract investor interest. Hence we
recommend playing on Education theme via Tree House. Subscribe at
the lower band.
09 August 2011
TREE HOUSE IPO opens tomorrow ( 10-Aug-2011)closes on 12-Aug-2011
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TREE HOUSE IPO opens tomorrow ( 10-Aug-2011)closes on 12-Aug-2011
Stay cautious.
DO not invest right now. See how market is.
Invest on last day after seeing grey market premium and FII/QIB subscription details
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TREE HOUSE IPO opens tomorrow ( 10-Aug-2011)closes on 12-Aug-2011
Stay cautious.
DO not invest right now. See how market is.
Invest on last day after seeing grey market premium and FII/QIB subscription details
08 August 2011
Tree House Education IPO opens August 10: ALL YOU NEED TO KNOW: ASBA form, prospectus, grading report
Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TREE HOUSE EDUCATION & ACCESSORIES LIMITED
| |||
| *Non-Retail investors i.e. QIB and Non-Institutional Investors shall mandatorily use ASBA facility | |||
| Symbol - Series | TREE EQ | ||
| Issue Period | Aug 10, 2011 to Aug 12, 2011 | ||
| Post issue Modification Period | Aug 13,2011 | ||
| Issue Size | Public issue of 84,32,189 Equity Shares of Rs. 10/- each | ||
| Issue Type | 100% Book Building | ||
| Price Range | Rs. 135 to Rs. 153 | ||
| Face Value | Rs.10/- | ||
| Tick Size | Re. 1/- | ||
| Market Lot | 40 Equity Shares | ||
| Minimum Order Quantity | 40 Equity Shares | ||
| IPO Grading | IPO GRADE 3 | ||
| Rating Agency | CRISIL Limited | ||
| Maximum Subscription Amount for Retail Investor | Rs.200000 | ||
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. | ||
| Book Running Lead Manager | JM Financial Consultants Private Limited,Motilal Oswal Investment Advisors Private Limited | ||
| Syndicate Member | JM Financial Consultants Private Limited,Motilal Oswal Investment Advisors Private Limited | ||
| Categories* | FI,IC,MF,FII,OTH,CO,IND,and NOH | ||
| No. of Cities with Bidding Centers | 43 | ||
| Name of the registrar | LINK INTIME INDIA PRIVATE LIMITED | ||
| Address of the registrar | C -13, Pannalal Silk Mills Compound,L.B.S Marg, Bhandup (West),Mumbai ? 400 078 | ||
| Contact person name number and Email id | Mr. N. Mahadevan Iyer,Telephone: +91 22 2596 3838 Facsimile: +91 22 2594 6969,mumbai@linkintime.co.in | ||
| Prospectus | Click Here | ||
| Trading Member List | Click Here | ||
| Application Forms | Click Here | ||
| ASBA e-form link | e-Forms | ||
| Grading Report | Click Here | ||
| Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form | Click Here | ||
IPO details: Tree House Education and Accessories
India Equity Research Reports, IPO and Stock NewsVisit http://indiaer.blogspot.com/ for complete details �� ��
Issue Terms
| |
|---|---|
Issue price / Floor Price (Rs)
|
135-153
|
Application per share (Rs)
|
135.00
|
Minimum investment amount (Rs)
|
5,400.00
|
Minimum bid (no of shares)
|
40 shares and in multiples of 40 thereafter
|
Maximum Shares for Retail
|
1480-1280
|
Issue Date and Size
| |
|---|---|
Issue opens
|
10-Aug-11
|
Issue closes
|
12-Aug-11
|
Listing on
|
BSE, NSE
|
Issue size (Rs cr)
|
113.83-129.01
|
Total shares offered
|
84.32
|
Lead Managers & Registrar
| |
|---|---|
Lead Manager(1)
|
JM Financial Consultants Pvt Ltd
|
E-mail
|
treehouse.ipo@jmfinancial.in
|
Lead Manager(2)
|
Motilal Oswal Investment Advisors Pvt Ltd
|
E-mail
|
treehouse.ipo@motilaloswal.com
|
Registrar
|
Link Intime India Pvt Ltd
|
E-mail
|
mumbai@linkintime.co.in
|
Company Contact Details
| |
|---|---|
Company's address
|
702 C, Morya House, Off New Link Road, Andheri (West), Mumbai
|
Pincode
|
400 053
|
Tel No.
|
91 22 6456 2322
|
Fax No.
|
91 22 2673 6905
|
Website
|
http://www.treehouseplaygroup.net
|
Description
|
|---|
Company provides educational services in India. As of June 15, 2011, it has 223 pre-schools under the brand name of Tree House across 33 cities (as per municipal limits) in India.
|
Objects of Issue
|
|---|
|
Subscribe to:
Posts (Atom)