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Tarapur Transformers IPO is a book build issue of ₹63.75 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹63.75 crore.
Tarapur Transformers IPO bidding started from Apr 26, 2010 and ended on Apr 28, 2010. The shares got listed on BSE, NSE on May 18, 2010.
Tarapur Transformers IPO price band is set at ₹75.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹5,850 (90 shares). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
Comfort Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Tarapur Transformers IPO RHP for detailed Information.
| IPO Date | April 26, 2010 to April 28, 2010 |
| Listing Date | May 18, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹65 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 85,00,011 shares (aggregating up to ₹63.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,95,00,000 shares |
Tarapur Transformers IPO offers total 85,00,000 shares. Out of which 42,50,000 (50.00%) allocated to QIB, 12,75,000 (15.00%) allocated to NII, 29,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 42,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 12,75,000 (15.00%) | NA |
| Retail Shares Offered | 29,75,000 (35.00%) | 33,055 |
| Total Shares Offered | 85,00,000 (100.00%) |
Tarapur Transformers IPO opens on April 26, 2010, and closes on April 28, 2010.
| IPO Open Date | Mon, Apr 26, 2010 |
| IPO Close Date | Wed, Apr 28, 2010 |
| Tentative Listing Date | Tue, May 18, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 28, 2010 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1988, Tarapur Transformers Limited is in the business of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power & distribution transformer, Rectifier Transformer, Furnace Duty Transformer, Electric Locomotive Transformer, Electric Traction substation Transformer, Dry type transformer, Potential Transformer, Special purpose transformers.
Tarapur Transformers manufacture Transformers up to 220 KV class, having an installed capacity of manufacturing of 1839.40 MVA & repairing of 1800 MVA per annum.
Tarapur currently operates through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Area village Pali, At & PO – Posheri Taluka – Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi, Vadodara. Company's Boisar unit mostly undertakes the repairing & refurbishment, rehabilitation & upgradation of transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing of transformers per annum. Tarapur's Pali unit is equipped with modern state of art infrastructure facilities & technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum and Vadodara unit is engaged in manufacturing of Current Transformers Potential Transformer normally called as CTPT and Distribution Transformers ranging from 10 KVa/11Kv to 100KVa/11Kv with installed capacity of 39.40 MVA per annum.
| Particulars | For the year/period ended (Rs. in Lakhs) | |||||
| 31-Aug-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 1,208.22 | 2,401.16 | 1,068.34 | 302.98 | 134.05 | 197.59 |
| Profit After Tax (PAT) | 76.20 | 215.60 | 151.41 | 3.80 | 11.60 | (1.60) |
| KPI | Values |
|---|---|
| RoNW | 10.99% |
The Company Tarapur Transformers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Expansion and Modernization of the Pali Unit | 220.51 |
| 2 | To part-finance incremental working capital requirement | 80.00 |
| 3 | To part-finance the acquisition of business | 250.00 |
| 4 | To part –finance the marketing and corporate branding expenses | 20.00 |
| 5 | To part –finance the general corporate Expense | 135.19 |
| 6 | To meet the expenses of the Issue | 29.95 |
CRISIL has assigned an IPO Grade 1 to Tarapur Transformers Ltd IPO. This means as per CRISIL company has 'Poor Fundamentals'. 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 Tarapur Transformers Ltd.
| Listing Date | May 18, 2010 |
| BSE Script Code | 533203 |
| NSE Symbol | TARAPUR |
| ISIN | INE747K01017 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | B |
Tarapur Transformers Ltd.
J-20, MIDC,
Tarapur Industrial Area, Boisar
Thane-401506, Maharashtra, India
Thane, Maharashtra
Phone: +91 2525 - 272996
Email: complianceofficer@tarapurtransformers.com
Website: http://www.tarapurtransformers.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ashok@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tarapur Transformers IPO is a main-board IPO of 85,00,011 equity shares of the face value of ₹10 aggregating up to ₹63.75 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on April 26, 2010, and closes on April 28, 2010.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tarapur Transformers IPO using UPI as a payment gateway. Zerodha customers can apply in Tarapur Transformers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tarapur Transformers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tarapur Transformers IPO opens on April 26, 2010 and closes on April 28, 2010.
Tarapur Transformers IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Tarapur 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 Tarapur Transformers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tarapur Transformers IPO allotment status.
The Tarapur Transformers IPO listing date is on Tuesday, May 18, 2010.
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