Techpro Systems Limited IPO : CRISIL gives 4 out of 5

by khalid on 26/09/2010 · 0 comments

Tecpro Systems Limited is a Rs1000 cr turnover company undertakes turnkey projects in Bulk Solids Handling Systems including, raw material handling systems for power, steel, cement plants etc. Techpro Systems Limited IPO has got 4 out of 5 by CRISIL (rating agency) and this rating/grading is above average for a Bulk Solids Handling comapny. The grade 4 indicates that the fundamentals of the IPO are above average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 256.70 – 268.03 crores. The IPO is opening on 23rd Sep 2010 and the shares will be available for subscription up to 28th Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 340 at the lower level and Rs 355 at the upper level.

Issue Detail:-
Issue Open : 23rd Sep 2010 – 28th Sep 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 7,550,000 Equity Shares of Rs 10 each
Issue Size : Rs. 256.70 – 268.03 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 340 – Rs. 355 Per Equity Share
Market Lot : 15 Shares
Minimum Order Quantity : 15 Shares
Listing At : BSE, NSE

Book running lead managers to the issue are Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited.

Registrar of the Issue is Link Intime India Private Ltd, Mumbai.

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