Fixed Price IPO | ₹51 Cr | Listed at BSE, NSE | Fri, Feb 10, 2006 - Thu, Feb 16, 2006
Indo-Tech Transformers IPO is a fixed issue price of ₹51.29 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹38.44 crores and offer for sale of 0.10 crore shares aggregating to ₹12.85 crores.
Indo-Tech Transformers IPO bidding started from Feb 10, 2006 and ended on Feb 16, 2006. The shares got listed on NSE and BSE on Mar 16, 2006.
Indo-Tech Transformers IPO is set final issue price at ₹130 per share.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Indo-Tech Transformers IPO DRHP for detailed Information.
IPO Open
Fri, Feb 10, 2006
IPO Close
Thu, Feb 16, 2006
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹138.06 Cr
| IPO Date | 10 to 16 Feb, 2006 |
| Listed on | Thu, Mar 16, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹130 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 39,45,130 shares (agg. up to ₹51 Cr) |
| Fresh Issue | 29,56,750 shares (agg. up to ₹38 Cr) |
| Offer for Sale | 9,88,380 shares of ₹10 (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 76,63,250 shares |
| Share Holding Post Issue | 1,06,20,000 shares |
| BSE Script Code / NSE Symbol | 532717 / INDOTECH |
| ISIN | INE332H01014 |
Indo-Tech Transformers IPO comprises a total issue size of 39,45,130 shares. The net offer to the public is 38,95,130 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 19,47,565 (50.00%) allocated to NII 19,47,565 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,47,565 | 50.00% | 49.37% |
| Retail Shares Offered | 19,47,565 | 50.00% | 49.37% |
| Preferential Reservations | |||
| Employee Shares Offered | 50,000 | 1.27% | |
| Total Shares Offered | 39,45,130 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Indo Tech Transformers Limited is a well-established participant in India’s transformer manufacturing industry, producing both power and distribution transformers with capacities of up to 100 MVA and 220 kV. Over time, the company has also completed projects for international markets, particularly in North America, including mobile and substation transformers.
The company has developed a strong presence among Southern State Electricity Boards, including those in Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala. It has also built expertise in specialized transformer segments such as wind energy transformers, fail-safe systems, and amorphous metal core transformers.
Its customer base spans multiple segments, including state electricity boards, EPC contractors, corporate clients, and international buyers. Key EPC clients include Larsen & Toubro, ABB, and Reliance Energy, while its corporate clientele features organizations such as the Taj Group of Hotels, Lakshmi Machine Works, TI Group, and the Sanmar Group.
Since its inception, the company has delivered more than 55,000 transformers of varying capacities (up to 60 MVA) to over 3,000 customers across India. In the past eight years, it has expanded its export footprint to countries such as Nigeria, Sri Lanka, the United Kingdom, the United States, Ghana, and Canada.
To remain competitive in a dynamic global environment, the company has both developed in-house technologies and entered into technical collaborations with international firms, including Honeywell Inc. (formerly Allied Signal, USA) and MobileSource Industries Inc.
The company operates three manufacturing facilities—two located in Chennai, Tamil Nadu, and one in Palakkad, Kerala. Together, these plants can produce approximately 500 to 600 transformers per month, with a combined installed capacity of 2,450 MVA annually.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 01 Feb 2003 |
|---|---|---|---|---|
| Assets | 53.82 | 52.40 | 35.99 | 37.23 |
| Total Income | 49.93 | 81.78 | 63.62 | 42.86 |
| Profit After Tax | 4.95 | 7.97 | 3.81 | -0.12 |
| EBITDA | 7.90 | 12.30 | 6.84 | 4.16 |
| NET Worth | 28.88 | 23.93 | 16.60 | 13.17 |
| Reserves and Surplus | 26.06 | 21.11 | 13.78 | 10.36 |
| Total Borrowing | 2.14 | 2.12 | 2.57 | 9.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Relocation and Modernization of Saidapet plant into a new Distribution Transformer Plant of 750 MVA / annum at Thirumazhisai | 7.50 |
| 2 | Setting up a new Power Transformer Plant with a Capacity of 2400 MVA / Annum Incl 220 KV class of transformers at a new location | 30.60 |
| 3 | Setting up of Dry Type Transformer Plant at Thirumazhisai with capacity of 120 units per annum | 2.00 |
| 4 | To meet working capital requirements | 3.40 |
| 5 | To meet Issue Expenses | 3.07 |
| Total | 46.57 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 33.3% |
| Price to Book Value | 1.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.40 | 9.33 |
| P/E (x) | 12.5 | 13.94 |
| Promoter Holding | 80.5% | 54.35% |
| Market Cap | ₹138.06 Cr. |
The Indo-Tech Transformers IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 39.21 | 39,45,130 | 15,46,83,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees for the LM | 1.03 |
| 2 | Fees for Registrar to the Issue | 0.47 |
| 3 | Advertising and Marketing costs | 0.61 |
| 4 | Printing and distribution cost including dispatch | 0.70 |
| 5 | Brokerage and Underwriting commission | 1.28 |
| 6 | Others (initial listing fees and annual listing fees, SEBI filing fees, other statutory fees, depository fees and other related expenses) | 0.02 |
| Total | 4.11 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹130.00 | ₹130.00 |
| Open | ₹165.00 | ₹135.00 |
| Low | ₹165.00 | ₹135.00 |
| High | ₹242.90 | ₹248.00 |
| Last Trade | ₹235.90 | ₹239.10 |
Lead Manager Reports
Indo-Tech Transformers IPO is a main-board IPO of 39,45,130 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹130 per share. The minimum order quantity is .
The IPO opens on Fri, Feb 10, 2006, and closes on Thu, Feb 16, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indo-Tech Transformers IPO using UPI as a payment gateway. Zerodha customers can apply in Indo-Tech Transformers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indo-Tech Transformers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indo-Tech Transformers IPO opens on Fri, Feb 10, 2006 and closes on Thu, Feb 16, 2006.
Indo-Tech Transformers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Indo-Tech Transformers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Indo-Tech Transformers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Indo-Tech Transformers IPO allotment status.
The Indo-Tech Transformers IPO listing date is on Thu, Mar 16, 2006.
