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Technocraft IPO is a book built issue of Rs 87.36 crores.
Technocraft IPO bidding started from January 18, 2007 and ended on January 23, 2007. The shares got listed on BSE, NSE on February 12, 2007.
Technocraft IPO price band is set at ₹95 to ₹105 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹6,825.
Anand Rathi Securities Limited is the book running lead manager of the Technocraft IPO, while Datamatics Financial Services Ltd is the registrar for the issue.
Refer to Technocraft IPO RHP for detailed information.
| IPO Date | January 18, 2007 to January 23, 2007 |
| Listing Date | February 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 8,320,000 shares (aggregating up to ₹87.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 23,206,750 |
| Share holding post issue | 31,526,750 |
Investors can bid for a minimum of 65 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 | 65 | ₹6,825 |
| Retail (Max) | 29 | 1885 | ₹197,925 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.6% |
Technocraft Industries (India) Limited is a multi divisional company engaged in the manufacture of a drum closures, pipes and scaffoldings and fabrics and garments with modern production facilities.
They cater to both the domestic and global trade and have positioned ourselves as a multi product and multi market player ensuring that our target market is a diverse mix of the domestic market and international market (exports). Their manufacturing facilities are based at Murbad, Thane.
| KPI | Values |
|---|---|
| RoNW | 10.05% |
The objects of the Issue are:
1. To improve the manufacturing process of Drum Closures thereby reducing usage of raw materials and improve the cost effectiveness;
2. To expand the capacity of the Pipe & Scaffolding Division and to introduce new scaffolding products;
3. To finance the expansion of the yarn division for 27,640 spindles;
4. To augment Working Capital Requirements;
5. To list Equity Shares of on the BSE and NSE, which will enhance our brand name and meet the issue expenses.
The Technocraft IPO is subscribed 10.67 times on January 23, 2007 5:00:00 PM. The public issue subscribed 8.07 times in the retail category, 11.65 times in the QIB category, and 16.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | February 12, 2007 |
| BSE Script Code | 532804 |
| NSE Symbol | TIIL |
| ISIN | INE545H01011 |
| Final Issue Price | ₹105 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹105.00 |
| ₹125.00 |
| ₹97.35 |
| ₹130.00 |
| ₹100.90 |
| NSE |
|---|
| ₹105.00 |
| ₹137.00 |
| ₹97.00 |
| ₹140.00 |
| ₹100.05 |
Technocraft Industries (India) Ltd
Technocraft Industries (India) Limited,
M.I.D.C, Street No.3, Marol Industrial Area,
A-25, Road No.3, Andheri (W) Mumbai – 400 053
Phone: +91-22-40982222
Email: ipo@technocraftgroup.com
Website: http://www.technocraftgroup.com
Datamatics Financial Services Ltd
Phone: +91-22-66712151
Email: technocraft@dfssl.com
Website: https://www.datamatics.com/investors/shareholder-s
Technocraft IPO is a main-board IPO of 8,320,000 equity shares of the face value of ₹10 aggregating up to ₹87.36 Crores. The issue is priced at ₹95 to ₹105 per share. The minimum order quantity is 65 Shares.
The IPO opens on January 18, 2007, and closes on January 23, 2007.
Datamatics Financial Services Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Technocraft IPO opens on January 18, 2007 and closes on January 23, 2007.
Technocraft IPO lot size is 65 Shares, and the minimum amount required is ₹6,825.
You can apply in Technocraft 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 Technocraft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Technocraft IPO allotment status.
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