BS TransComm IPO : Listing on 27th Oct 2010

by khalid on 26/10/2010 · 0 comments

BS TransComm Limited has informed the share market (BSE) that the shares of its recent IPO will list on 27th Oct 2010. The IPO was open between 6th Oct 2010 to 13th Oct 2010. The price band was Rs 248 to Rs 257 and the Issue Price was fixed at the lower level of price band, Rs 248 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 190.45 crores. BS TransComm is a manufacturer of towers for telecommunication and power sectors. BS Transcomm plans to provide tower companies with solar and wind power solutions along with its existing fuel management solutions.

IPO Listing Detail :-
Listing Date: 27th Oct 2010
BSE Scrip Code :
Listing In : ‘B’ Group of Securities
ISIN : INE043K01011
Issue Price : Rs. 248.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for Part funding of phase I and phase II – expansion in Tower Mfg. (Majeedpally), setting up of backward intg. structural mill-phase I (Majeedpally), to part finance margin money for Working Capital and to fund general corporate purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The sole book running lead manager to the issue is JM Financial Consultants Private Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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