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Technofab IPO is a book built issue of Rs 71.66 crores.
Technofab IPO bidding started from June 29, 2010 and ended on July 2, 2010. The shares got listed on BSE, NSE on July 16, 2010.
Technofab IPO price band is set at ₹230 to ₹240 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Collins Stewart Inga Private Limited is the book running lead manager of the Technofab IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Technofab IPO RHP for detailed information.
IPO Date | June 29, 2010 to July 2, 2010 |
Listing Date | July 16, 2010 |
Face Value | ₹10 per share |
Price Band | ₹230 to ₹240 per share |
Lot Size | 25 Shares |
Total Issue Size | 2,990,000 shares (aggregating up to ₹71.66 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 7,500,000 |
Share holding post issue | 10,490,000 |
Technofab IPO offers 2,990,000 shares. 1,470,000 (49.16%) to QIB, 441,000 (14.75%) to NII, 1,029,000 (34.41%) to RII, 50,000 (1.67%) to employees. 41,160 RIIs will receive minimum 25 shares and (sNII) and (bNII) will receive minimum 850 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,470,000 (49.16%) | NA |
NII (HNI) Shares Offered | 441,000 (14.75%) | |
Retail Shares Offered | 1,029,000 (34.41%) | 41,160 |
Employee Shares Offered | 50,000 (1.67%) | NA |
Total Shares Offered | 2,990,000 (100%) |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 25 | ₹6,000 |
Retail (Max) | 33 | 825 | ₹198,000 |
Lot Size Calculator |
Share Holding Pre Issue | 51% |
Share Holding Post Issue |
Incorporated in 1971, Technofab Engineering Ltd (TEL) is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Technofab provide services to domestic and overseas markets across a number of industrial and infrastructure sectors which includes power, oil & gas, water & waste water treatment and other industrial & infrastructure sectors.
Technofab Engineering provides EPC services for various BoP packages for power, oil & gas and other industrial and infrastructure undertakings. Company also provide EPC services to the main plant for water & waste water treatment projects. TEL has dealt with engineering consultants such as Development Consultants Private Limited (DCPL), Desein Private Limited, FITCHNER Consulting Engineers (India) Private Limited, Mecon, Tata Consulting Engineers, Engineers India Limited, M.N. Dastur, L&T, Sargent & Lundy, Uhde India Private Limited, Toyo Engineering India Limited, SAUR International, BCEOM France, etc. for its various EPC projects.
KPI | Values |
---|---|
RoNW | 38.2% |
The Objects of the Issue are:
1. To meet long-term working capital requirements;
2. To finance the procurement of construction equipment;
3. To set up maintenance and storage facility for construction equipment;
4. For setting up of training centre for employees;
5. For general corporate purposes; and
6. To meet Issue expenses.
The Technofab IPO is subscribed 12.78 times on July 2, 2010 5:00:00 PM. The public issue subscribed 10.03 times in the retail category, 4.28 times in the QIB category, and 48.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 4.28 |
NII | 48.85 |
Retail | 10.03 |
Employee | 1.10 |
Total | 12.78 |
Fitch has assigned an IPO Grade 3 to Technofab Engineering Ltd IPO. This means as per Fitch company has 'Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Fitch IPO Grading Document for Technofab Engineering Ltd.
Technofab Engineering IPO, Technofab IPO, Technofab Bidding, Technofab Allotment Status, Technofab Listing and Technofab India.
Listing Date | July 16, 2010 |
BSE Script Code | 533216 |
NSE Symbol | TECHNOFAB |
ISIN | INE509K01011 |
Final Issue Price | ₹240 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹240.00 |
₹265.00 |
₹265.00 |
₹307.00 |
₹295.65 |
NSE |
---|
₹240.00 |
₹276.00 |
₹268.00 |
₹307.80 |
₹296.95 |
Technofab Engineering Ltd
507, Eros Apartments
56, Nehru Place, New Delhi, 110 019
Phone: 91 129 227 0202
Email:
Website: http://www.technofabengineering.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Technofab IPO is a main-board IPO of 2,990,000 equity shares of the face value of ₹10 aggregating up to ₹71.66 Crores. The issue is priced at ₹230 to ₹240 per share. The minimum order quantity is 25 Shares.
The IPO opens on June 29, 2010, and closes on July 2, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Technofab IPO opens on June 29, 2010 and closes on July 2, 2010.
Technofab IPO lot size is 25 Shares, and the minimum amount required is ₹6,000.
You can apply in Technofab IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Technofab IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Technofab IPO allotment status.
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