Talwalkars Better value Fitness Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,025,000 (50%) | — | ₹3,872 Cr |
| NII (HNI) | — | 907,500 (15%) | — | ₹1,162 Cr |
| Retail | — | 2,117,500 (35%) | — | ₹2,710 Cr |
| Σ Total | — | 6,050,000 (100%) | — | ₹77,440 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,400 |
| Retail (Max) | 13 | 650 | ₹83,200 |
| S-HNI (Min) | 14 | 700 | ₹89,600 |
| B-HNI (Min) | 67 | 3,350 | ₹428,800 |
Financial Statements Amount in ₹ Crore
| Metric | 30-Sep-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 36 | 59 | 38 |
| Profit After Tax | 3 | 6 | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- (1) Setting up of additional health clubs; –
- (2) Repay certain unsecured loans availed by company; and –
- (3) Meet Issue related expenses. –
Company Overview
Incorporated in 2003, Talwalkars Better Value Fitness Limited owns one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand 'Talwalkars'. Talwalkars first gym was setup in the year 1932.
As of today, Company operates 51 health clubs in 24 cities of 11 states across the country serving over 55,000 members. Talwalkars were the Official Fitness Partners for Standard Chartered Mumbai Marathon in 2008 and 2009 and Femina Miss India Contest in 2009.