Tata Autocomp IPO : Files DRHP with SEBI

by khalid on 02/01/2011 · 2 comments

Tata Autocomp Systems Limited has informed the share market (BSE/NSE) that they have planning to enter capital markets with its maiden public issue of —— equity shares of Rs 10 each constituting Rs 7.5 billion. The company has filed a Draft Red Herring Prospectus (DRHP) on 29nd December 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. Tata Autocomp Systems is a subsidiary of TATA India. The company is a auto parts maker.

Shareholders including Tata Motors, Tata Sons, Tata Industries and Tata Capital Ltd will together sell up to 35.63 million shares in the company, according to its draft red herring prospectus.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book Running Lead Managers (BRLMs) to the offer are JM Financial Consultants Pvt Ltd, Tata Capital Markets Ltd and JP Morgan India Pvt Ltd .

Stay tuned to BelltheBull Blog for more news on Tata Autocomp IPO !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

{ 2 comments… read them below or add one }

Nandan Narula January 2, 2011

Tata Group is truly emerging as a global player in the automobile sector. This IPO i think will further strengthen its expansion plans in this sector.
Thanks for sharing this piece information.


khalid January 3, 2011

Glad you liked it, thanks for adding your valuable comment here 🙂


Previous post:

Next post: