Chennai based Thejo Engineering Limited is entering the primary market with its initial public offering (IPO) of 472,800 Equity Shares of Rs 10 each to raise Rs 19 crore. IPO will open on 4th Sep 2012 and will close on 6th Sep 2012. Its a book building process issue. The price band of the IPO is fixed at Rs 402 at lower level and Rs 430 at upper level. This will be the first company to be listed on the small and medium enterprises exchange platform of the National Stock Exchange (SME at NSE) namely EMERGE.
Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company is based in Chennai and provide services include belt conveyor maintenance and operations.
The equity shares offered through the IPO are proposed to be listed on the small and medium enterprises exchange platform of the National Stock Exchange (SME at NSE) namely EMERGE.
IPO (Initial Public Offering) Summary :-
IPO Opens : 4th Sep 2012
IPO Closes : 6th Sep 2012
IPO Type : 100% Book Built Issue
IPO Size : 472,800 equity Shares of Rs 10 each
IPO Size : Rs 19.00 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 402 – Rs 430 Per Equity Share
Minimum Bid Quantity : 300 Shares
The Sole Book running lead manager (BRLM) to the issue is IDBI Capital Markets, Mumbai.
Registrar of the Issue : Cameo Corporate Services Limited, Chennai.
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