Bookbuilding IPO | ₹64 Cr | Listed at BSE, NSE | Mon, Apr 26, 2010 - Wed, Apr 28, 2010
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,750 (90 shares) (based on upper price). 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 Open
Mon, Apr 26, 2010
IPO Close
Wed, Apr 28, 2010
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹146.25 Cr
| IPO Date | 26 to 28 Apr, 2010 |
| Listed on | Tue, May 18, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 85,00,011 shares (agg. up to ₹64 Cr) |
| Fresh Issue | 85,00,011 shares (agg. up to ₹64 Cr) |
| Share Holding Pre Issue | 1,10,00,000 shares |
| Share Holding Post Issue | 1,95,00,000 shares |
| BSE Script Code / NSE Symbol | 533203 / TARAPUR |
| ISIN | INE747K01017 |
Tarapur Transformers IPO comprises a total issue size of 85,00,000 shares. Out of which, 42,50,000 (50.00%) are allocated to QIB, 12,75,000 (15.00%) allocated to NII 29,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion and Modernization of the Pali Unit | 22.05 |
| 2 | To part-finance incremental working capital requirement | 8.00 |
| 3 | To part-finance the acquisition of business | 25.00 |
| 4 | To part –finance the marketing and corporate branding expenses | 2.00 |
| 5 | To part –finance the general corporate Expense | 13.52 |
| 6 | To meet the expenses of the Issue | 3.00 |
| KPI | |
|---|---|
| RoNW | 10.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 56.41% |
| Market Cap | ₹146.25 Cr. |
The Tarapur Transformers IPO is subscribed 1.74 times on April 28, 2010 5:00:00 PM (Day 3). The public issue subscribed 2.74 times in the retail category, 0.03 times in the QIB category, and 5.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.03 | 42,50,000 | |
| NII | 5.08 | 12,75,000 | |
| Retail | 2.74 | 29,75,000 | |
| Total | 1.74 | 85,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees, Registrar Fees, Fees of Legal Avisor and Auditors Fees | 0.51 |
| 2 | IPO Grading Expenses | 0.05 |
| 3 | Printing and Distribution of Issue Stationery | 1.14 |
| 4 | Underwriting Commission, Brokerage and Selling Commission | 0.32 |
| 5 | Advertising and Marketing expenses | 0.60 |
| 6 | Other expenses (stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.29 |
| 7 | Contingencies | 0.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹75.00 | ₹75.00 |
| Low | ₹54.10 | ₹54.30 |
| High | ₹97.50 | ₹97.45 |
| Last Trade | ₹56.90 | ₹57.40 |
Lead Manager Reports
Tarapur Transformers IPO is a main-board IPO of 85,00,011 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on Mon, Apr 26, 2010, and closes on Wed, Apr 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 Mon, Apr 26, 2010 and closes on Wed, Apr 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 Tue, May 18, 2010.
