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PRODUCT NOTE |
Talwalkars Better Value Fitness Limited (TBVF)
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OPENS ON : 21/04/2010 |
CLOSES ON : 23/04/2010 |
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Company Details: |
- One of the largest fitness chains in India as per the statistics of the IHRSA Asia Pacific Report, 2008.
- Pan India presence operating 58 Health Clubs dotting 28 cities serving over 55,000 members in 12 states of the country with successful ‘Hub and Spoke’ model.
- TBVF was co-promoted in the year 2003 by the Talwalkar Group and the Gawande Group with the object of developing “Talwalkars” brand as a leader in health clubs. “Talwalkars” brand can be traced to its origin in 1932, when late Mr. Vishnu Talwalkar set up the first Gym in India, i.e. a history of over 75 yrs.
- Pioneer in the Fitness Industry - Brand “Talwalkars” relates to the concept of “Gym” in India.
- Provides standardised and quality health club service / facilities consistently across all the locations; supported by a 7500 sq ft residential training academy.
- Achieved 3Yr CAGR(FY’09) of 80% in Revenues, 75% in EBITDA & >100% in PAT
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Issue Details: |
Issue Size |
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60,50,000 equity shares |
Face value |
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Rs.10/- per share. |
Floor Price |
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Rs.123 |
Cap Price |
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Rs.128 |
Lot Size |
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50 Equity Shares & in Multiples of 50 equity shares. |
Exchanges |
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NSE & BSE |
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Book Running Lead Manager : |
- India Infoline Limited
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ISSUE STRUCTURE |
S. No. |
Main Category |
No of equity shares reserved for the main category |
1. |
QIB |
At least 3,025,000 Equity Shares |
2. |
Non Institutional |
Not less than 907,500 Equity Shares |
3. |
Retail |
Not less than 2,117,500 Equity Shares |
Total Issue Size |
1+2+3 |
6,050,000 Equity Shares |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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