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Tecpro Systems Ltd IPO (Tecpro IPO) Detail

September 23, 2010 - September 28, 2010

Tecpro IPO is a book built issue of Rs 267.91 crores.

Tecpro IPO bidding started from September 23, 2010 and ended on September 28, 2010. The shares got listed on BSE, NSE on October 12, 2010.

Tecpro IPO price band is set at ₹340 to ₹355 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹5,325.

Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the Tecpro IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Tecpro IPO RHP for detailed information.

Tecpro IPO Details

IPO Date September 23, 2010 to September 28, 2010
Listing Date October 12, 2010
Face Value ₹10 per share
Price Band ₹340 to ₹355 per share
Lot Size 15 Shares
Total Issue Size7,550,000 shares
(aggregating up to ₹267.91 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue44,223,791
Share holding post issue50,473,791

Tecpro IPO Reservation

Tecpro IPO offers 6,227,000 shares. 3,087,000 (49.57%) to QIB, 735,000 (11.80%) to NII, 2,205,000 (35.41%) to RII, 200,000 (3.21%) to employees. 147,000 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 570 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,087,000 (49.57%)NA
NII (HNI) Shares Offered735,000 (11.80%)
Retail Shares Offered2,205,000 (35.41%)147,000
Employee Shares Offered200,000 (3.21%)NA
Total Shares Offered6,227,000 (100%)

Tecpro IPO Lot Size

Investors can bid for a minimum of 15 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 15 ₹5,325
Retail (Max) 37 555 ₹197,025
Lot Size Calculator

Tecpro IPO Promoter Holding

The Promoters of the Company are:

1. Mr. Ajay Kumar Bishnoi, aged 52 years, is Chairman and Managing Director of the company.
2. Mr. Amul Gabrani, aged 50 years, is Vice-Chairman and Managing Director of the company.

Share Holding Pre Issue 60.03%
Share Holding Post Issue

About Tecpro Systems Ltd

Incorporated in 1990, Tecpro Systems Ltd is an established material handling company in India, engaged in providing turnkey solutions in material handling, ash handling, balance of plant ("BoP") and engineering, procurementand construction ("EPC") contracts.

Tecpro Systems Limited undertakes turnkey projects in Bulk Solids Handling Systems including belt conveyors, slat conveyors, bucket elevators etc., manufacture equipment viz., stackers, reclaimers, various types of crushers, vibrating screens, feeder and conveyor components like Idlers and pulleys and undertakes civil and structural work along with electrical, control and instrumentation systems for the project.

Key Performance Indicator

Objects of the Issue (Tecpro IPO Objectives)

The objects of the Issue are to:

1. fund working capital requirements; and
2. fund expenditure for general corporate purposes.


Tecpro IPO Subscription Status (Bidding Detail)

The Tecpro IPO is subscribed 24.47 times on September 28, 2010 5:00:00 PM. The public issue subscribed 9.07 times in the retail category, 27.99 times in the QIB category, and 62.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB27.99
NII62.48
Retail9.07
Employee0.35
Total24.47

Tecpro Systems Ltd IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Tecpro Systems Ltd IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL 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 CRISIL IPO Grading Document for Tecpro Systems Ltd.

Tecpro Systems Ltd IPO Tags:

Tecpro IPO, Tecpro Systems IPO, Tecpro Systems Ltd IPO Bidding, Tecpro IPO Allotment Status, Tecpro Systems drhp and Tecpro Systems Ltd IPO listing.

Tecpro IPO Prospectus

Tecpro IPO Rating

270
4.2
Rating:Rated 4.2 stars
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Tecpro IPO Listing Details

Listing Date October 12, 2010
BSE Script Code 533266
NSE Symbol TECPRO
ISIN INE904H01010
Final Issue Price ₹355 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹355.00
₹399.40
₹398.00
₹454.25
₹407.85
NSE
₹355.00
₹380.00
₹380.00
₹453.80
₹405.70

Check IPO Performance…

Tecpro Systems Ltd Contact Details

Tecpro Systems Ltd
106, Vishwadeep Tower,
Plot No. 4, District Centre,
Janak Puri, New Delhi 110 058, India.
Phone: (+91 11) 4503 8735
Email: investors@tecprosystems.com
Website: http://www.tecprosystems.com

Tecpro IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tecpro.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Tecpro IPO - Buy or Not

Tecpro IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 0
Members 0 0 0

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Tecpro IPO FAQs

Tecpro IPO is a main-board IPO of 7,550,000 equity shares of the face value of ₹10 aggregating up to ₹267.91 Crores. The issue is priced at ₹340 to ₹355 per share. The minimum order quantity is 15 Shares.

The IPO opens on September 23, 2010, and closes on September 28, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Tecpro IPO opens on September 23, 2010 and closes on September 28, 2010.

Tecpro IPO lot size is 15 Shares, and the minimum amount required is ₹5,325.

You can apply in Tecpro 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 Tecpro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tecpro IPO allotment status.

The Tecpro IPO listing date is on October 12, 2010.
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Tecpro IPO Message Board

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670 Comments

670. BABU JI PUNJABI |   Link |  Bookmark |December 10, 2010 10:41:10 AM
I STILL NOT RECEIVE MY REFUND FOR 5 LOTS APPLIED. KINDLY GUIDE WHERE TO REGISTER MY COMPLAINT AS KARVY ALWAYS SAYING THAT YOU WILL RECEIVE THE REFUND ORDER IN NEXT WEEK
669. Rajasthan |   Link |  Bookmark |November 1, 2010 7:54:57 PM
received orders of rs.1942 crores today.....stock up by rs.35/-.....intraday touched 435......very bullish outlook.....orderbook expected to reach 4500 crores......expected to cross 460 mark in the coming days which was achieved on listing day
668. Anonymous |   Link |  Bookmark |October 25, 2010 2:57:10 PM
REFUND NOT YE RECD FOR APPLICATION O 28941862
PADAM KUMAR GUPTA
RS 95850.00
REFUND ORDER NO 112435
SPEED POST NO EM052984353IN
667. Anonymous |   Link |  Bookmark |October 25, 2010 2:56:06 PM
REFUND NOT RECD FOR APPLICATION NO 28941929
KAVITA GUPTA
RS 95850.00
REFUND ORDER NO 112436
SPEED POST NO EM052984367IN
666. Rajasthan |   Link |  Bookmark |October 24, 2010 1:04:30 PM
yes,this is definitely a good company in material handling business..management is very aggressive and recently the have won many orders..the only concern here is the litigation regarding their chhatisgarh order which forms a substantial part of their orderbook...but still i am quite bullish on this company
665. IPOGARV |   Link |  Bookmark |October 24, 2010 12:58:58 PM
Saw Interview of Management at CNBC during last week. The management and employees are committed to work at hand and knows their designing capability. This company is expected to be rerated in one to two years.
664. Anonymous |   Link |  Bookmark |October 23, 2010 1:27:42 PM
All refunds have been made.
Kindly check with your bank if it is an ecs,asba or you can track it through speedpost by the reference no given against your application no.

Thanks,

Sachin
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

663. Anonymous |   Link |  Bookmark |October 21, 2010 8:09:37 PM
Ive not got refund...
Application No. 12251365
Refund Order No.: 612248
Amount: 5325
KINDLY HELP.....

GAURAV DAVE
662. Anonymous |   Link |  Bookmark |October 21, 2010 12:21:25 PM
Against application number 28932151 refund not received
661. Anonymous |   Link |  Bookmark |October 20, 2010 11:13:24 PM
Ive not got refund...
Refund Order No.: 612248       
Amount: 5325
KINDLY HELP.....

GAURAV DAVE
660. Anonymous |   Link |  Bookmark |October 20, 2010 11:09:51 PM
Ive not got refund...
Refund Order No.: 612248       
Amount: 5325
KINDLY HELP.....

GAURAV DAVE
659. Ravi, Bangalore |   Link |  Bookmark |October 20, 2010 5:28:11 PM (300+ Posts)
603. Sunita W

Tecpro 381- It needs to cross 411 to become bullish. It could fall to 325, 286 or even below 221. Averaging in three instalments is the best strategy.

When you average in instalments, even if you get today's price, you would be in profit in case you have bought & caught already.
658. Anonymous |   Link |  Bookmark |October 19, 2010 9:33:08 PM
ive not got refund order of no.556384 rs.5325 respectively so kindly help me......
i ve not got refund in sbi br of indore(myh branch)
so kindly help me.....
657. Anonymous |   Link |  Bookmark |October 19, 2010 6:25:52 PM
till i have not received refund order of tecpro
what to say
lage raho
saurabh shah appli.no.1538348
15975/00
656. Prudent investo |   Link |  Bookmark |October 18, 2010 11:00:34 PM
The point is not about the retail investor and its behaviour is well known and predictable, nothing new in the same as it is general belief.

But I think it is MF i.e. institutional investors along with the FII's who are changing their dealings in the case of IPO's as they seems to be booking the profits on the day of listing itself and hence all the leading good IPO are falling at the end of the first day itself a very strange phenomenon.

I am not aware of any regulation restricting the exist of the FII and institutional investors like MF on very first day of listing itself.

Need further analysis.
655. Anonymous |   Link |  Bookmark |October 18, 2010 9:21:21 PM
Against application number 12206225 refund not received till 20.10.Linkintime r very slow in responce.
654. Anonymous |   Link |  Bookmark |October 18, 2010 5:26:46 PM
when do we get refund of balance money?
653. IPOGARV |   Link |  Bookmark |October 17, 2010 5:55:19 PM
@ 647 dear Prudent Investor,

just on ur point, technicals I do not understand much. However, behaviour, the retail investor mind set is for short time at the current stage. Good or bad companies wharever,motto and pattern is to rotate the money and get listing gains. Companies come with their business plan asking investors to become business partners. However, retail investor is stating I am best businessman and I know how efficiently I can use my money?

One funda is there when there is someone selling, buyer exists also. Market functions in such way. imperfect, one has to identify which hat one is wearing, short term or long term. both are good.

For me Eros as well tecpro are for long term.

652. Anonymous |   Link |  Bookmark |October 17, 2010 5:17:56 PM
when is refund being received?
651. Anonymous |   Link |  Bookmark |October 16, 2010 5:25:38 PM
I HAVE NOT RECEIVED REFUND MONEY CAN ANYONE SUGGET WHAT TO DO?