BS TransComm IPO : Opening on 6th Oct 2010

by khalid on 03/10/2010 · 0 comments

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. The company is entering into peimary market with 76,79,410 equity shares of Rs 10 each to raise Rs 200 crore. The IPO is opening on 6th Oct 2010 and the shares will be available for subscription up to 8th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed as Rs 257 at lower level and Rs 266 at upper level.

The proceeds of this IPO will 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).

Issue Detail:-
Issue Open : 6th Oct 2010 – 8th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 76,79,410 Equity Shares of Rs 10 each
Issue Size : Rs. 200 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 257– Rs. 266 Per Equity Share
Market Lot : 25 Shares
Minimum Order Quantity : 25 Shares
Listing At : BSE, 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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