Tirupati Inks Limited FPO : Listing on 1st Oct 2010

by khalid on 30/09/2010 · 0 comments

Tirupati Inks Limited is engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. The company has entered the capital market with an FPO of 11,976,745 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 1st Oct 2010. The IPO was open from 14th Sep 2010 to 17th Sep 2010. The price band was Rs 41 to Rs 43 and the Issue Price was fixed at the upper level of price band, Rs 43 per equity share.

FPO Listing Detail :-
Listing Date : 1st Oct 2010
BSE Scrip Code : 533258
NSE Symbol : TIRUPATIINK
Listing In : ‘B’ Group of Securities
ISIN : IINE493K01018
Issue Price : Rs. 43.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The FPO proceeds would be used for setting up facility for manufacturing of Speciality Inks and Ink Concentrates, capital expenditure on Lab Equipments for Existing Facilities, augmenting working capital resources, general corporate purposes and meeting the expenses of the issue.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Company’s equity shares are presently listed on Delhi Stock Exchange (DSE).

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