Tarapur Transformers Limited IPO : Finally subscribed 1.74 times

by khalid on 03/05/2010 · 0 comments

Tarapur Transformers Limited is in the business of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power & distribution transformer, Rectifier Transformer, Furnace Duty Transformer, Electric Locomotive Transformer, Electric Traction substation Transformer, Dry type transformer, Potential Transformer, Special purpose transformers. The IPO of Tarapur Transformers Limited has received a nominal response from the Investors with the final oversubscription figure nearing to just about 1.74 times on an overall basis. Qualified Institutional Buyers havn’t showed a good response.

The category-wise subscription status of Intrasoft Technologies Limited on closing day is given below:-

QIB: 0.03 Times
Non-Institutional Investors: 5.07 Times
Retail: 2.73 Times
Overall: 1.74 Times

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

The proceeds of the IPO will be used for Expansion and Modernization of Pali Unit, part-finance incremental working capital requirements, part-finance the acquisition of business, part –finance the marketing and corporate branding expenses, part –finance the general corporate Expenses and to meet the expenses of the Issue.

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

Issue Detail:-
Issue Open : 26th April 2010 – 28th April 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 8500000 Equity Shares of Rs 10 each
Issue Size : Rs. 55.25 Crores – 63.75 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 65 – Rs 75 Per Equity Share
Market Lot : 90 Shares
Minimum Order Quantity : 90 Shares
Listing At : BSE, NSE

Book running lead managers to the issue is Comfort Securities Pvt Ltd

Registrar of the Issue is Bigshare Services Pvt. Ltd. Mumbai.

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