Pune based auto components company, Tata AutoComp Systems IPO (Initial Public Offering) has got 3 out of 5 by CRISIL (rating agency) and this rating/grading is ‘Average’ for a auto components company. The grade 3 indicates that the fundamentals of the IPO are ‘Average’ compared to the other listed securities in India. Tata AutoComp Systems Limited is a Tata group company established in 1995 and manufactures auto components. The issue will constitute at least 25 percent of the fully diluted post issue paid up capital of the company.
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 (DRHP).
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 (BRLM) to the issue are JM Financial Consultants Pvt Ltd, Tata Capital Markets Ltd and JP Morgan India Pvt Ltd .
Registrar of the Issue : Link Intime (India) Private Limited
Stay tuned to BelltheBull Blog for more on Tata AutoComp Systems IPO !Google+