Techpro Systems Limited IPO : Files DRHP with SEBI

by khalid on 27/05/2010 · 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. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI on 30th April 2010 to float its IPO. The company wants to raise money from primary market with an IPO of 75,50,000 equity shares of face value Rs 10, with a premium decided by the 100% book building process. The Company was earlier known as Tecpro Systems Private Limited and in corporated in November 1990. The offer comprises a fresh issue of up to 6,250,000 equity shares and an offer for sale of up to 1,300,000 equity shares by Metmin Investments Holdings Ltd. There is a reservation of 200,000 equity shares for eligible employees.

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

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

Registrar to the Issue to the issue is Link Intime India Private Limited.

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