Technofab Engineering IPO : Listing on 16th Jul 2010

by khalid on 15/07/2010 · 0 comments

EPC Services provider Technofab Engineering Ltd (TEL) has entered the capital market with an initial public offering (IPO) of 2990000 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 15t Jul 2010. The IPO was open from 29th Jun 2010 to 2nd July 2010. The price band was Rs 230 to Rs 240 and the Issue Price was fixed at Rs 240 per equity share.

IPO Listing Detail :-
Listing Date: 16th July 2010
BSE Scrip Code : 533216
NSE Symbol : TECHNOFAB
Listing In : ‘B’ Group of securities
ISIN : INE509K01011
Issue Price : Rs. 240.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO will be used to meet long-term working capital requirements, finance the procurement of construction equipment, set up maintenance and storage facility for construction equipment, setting up of training centre for employees, general corporate purposes, and to meet Issue expenses.

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

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