Timbor Home Limited to open it's IPO on 30th May 2011

Timbor Home Limited operates as a manufacturer-retailer having a pan-India presence with exclusive stores of kitchen, door and furniture retail outlets operating on Franchise Model. It has three manufacturing units one located at Changodar in Ahmedabad District; the second unit at Vatva GIDC, Ahmedabad; and the third at Umreth, in Anand district. The total manufacturing facility of the Company amounts to 2,00,000 sq. ft. The kitchen and furniture manufacturing is based at the Changodar unit; the Stainless Steel Kitchen baskets and accessories is manufactured at the Vatva Unit; while manufacturing of doors, wood treatments and storage is based at Umreth. It manufactures kitchen-kitchen components, furniture, door- door frames and kitchen baskets and accessories.

Timbor Home is proposing to open on May 30, 2011, an initial public offer of 36,90,000 Equity Shares of face value of Rs. 10 each for cash at a price per Equity Share to be decided through the Book Building Process as the Issue. The Issue would constitute 25% of the fully diluted post Issue paid-up equity capital of the Company. The Price Band has been fixed between Rs. 54 and Rs. 63 per Equity Share. The minimum Bid Lot will be 90 Equity Shares and in multiples of 90 Equity Shares thereafter. The Bid/ Issue will close on June 2, 2011.

The Issue is being made through the 100% Book Building Process, wherein up to 50% of the Net Issue shall be available for allocation on a proportionate basis to QIBs, out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the QIB portion shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than to 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders and not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price. Any Bidder may participate in this Issue through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts will be blocked by the SCSBs.

The Equity Shares being offered through the Red Herring Prospectus are proposed to be listed on Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE").

The Book Running Lead Manager ("BRLM") to the Issue is Corporate Strategic Allianz Limited.

Timbor Home Limited 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. The product range includes Home Furniture, Modular Kitchens, Doors, Treated and Kiln Dried Lumber. The Company is one of the major retailers and manufacturers of durable, affordable yet trendy modular kitchens in India. The Company has introduced a new concept and trend giving kitchen a great look through Hi-end modular kitchens with customized solutions, world class cabinetry, shutters, storage and hardware along with Red Dot award winning fittings which are made available to Indian consumers solely using Hitech hardware and accessories. Hitech Kitchens bring in international concepts to Indian households. They are state-of-art products which are targeted to hi-end markets.

Timbor Home Limited is a manufacturer retailer in the modular kitchen industry and currently has exclusive "Timbor Cucine' stores in more than 19 states selling only the company's products. The Company manufactures almost 75% of the components that go into making a modular kitchen, the major strengths includes raw material sourcing to finishing. It employs extensive logistics and supply chain management systems to maintain maximum flexibility, which enables it to meet their needs in an efficient manner without relying on any one vendor, factory or country.

Timbor Home's business model is scalable and unique for creating a nationwide franchisee network. It has a unique brand positioning as well as experience and technical know-how. It has acquired machinery from European and Indian Suppliers and they have also provided technique and joinery details.