Bookbuilding IPO | ₹72 Cr | Listed at BSE, NSE | Tue, Jun 29, 2010 - Fri, Jul 2, 2010
Technofab Engineering IPO is a book build issue of ₹71.66 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹71.66 crore.
Technofab Engineering IPO bidding started from Jun 29, 2010 and ended on Jul 2, 2010. The shares got listed on BSE, NSE on Jul 16, 2010.
Technofab Engineering IPO price band is set at ₹240 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,000 (25 shares) (based on upper price). The lot size investment for sNII is 34 lots (850 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (4,175 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹20.00 to the issue price.
Collins Stewart Inga Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Technofab Engineering IPO RHP for detailed Information.
IPO Open
Tue, Jun 29, 2010
IPO Close
Fri, Jul 2, 2010
Issue Price
₹240 per share
Market Cap (Pre-IPO)
₹251.76 Cr
| IPO Date | 29 Jun to 2 Jul, 2010 |
| Listed on | Fri, Jul 16, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹240 |
| Issue Price | ₹240 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 29,90,000 shares (agg. up to ₹72 Cr) |
| Fresh Issue | 29,90,000 shares (agg. up to ₹72 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,04,90,000 shares |
| BSE Script Code / NSE Symbol | 533216 / TECHNOFAB |
| ISIN | INE509K01011 |
Technofab Engineering IPO comprises a total issue size of 29,90,000 shares. The net offer to the public is 29,40,000 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 14,70,000 (50.00%) are allocated to QIB, 4,41,000 (15.00%) allocated to NII 10,29,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 14,70,000 | 50.00% | 49.16% | NA |
| NII (HNI) Shares Offered | 4,41,000 | 15.00% | 14.75% | NA |
| Retail Shares Offered | 10,29,000 | 35.00% | 34.41% | 41,160 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 1.67% | NA | |
| Total Shares Offered | 29,90,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,000 |
| Retail (Max) | 33 | 825 | ₹1,98,000 |
| S-HNI (Min) | 34 | 850 | ₹2,04,000 |
| S-HNI (Max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (Min) | 167 | 4,175 | ₹10,02,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1971, Technofab Engineering Ltd (TEL) is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Technofab provide services to domestic and overseas markets across a number of industrial and infrastructure sectors which includes power, oil & gas, water & waste water treatment and other industrial & infrastructure sectors.
Technofab Engineering provides EPC services for various BoP packages for power, oil & gas and other industrial and infrastructure undertakings. Company also provide EPC services to the main plant for water & waste water treatment projects. TEL has dealt with engineering consultants such as Development Consultants Private Limited (DCPL), Desein Private Limited, FITCHNER Consulting Engineers (India) Private Limited, Mecon, Tata Consulting Engineers, Engineers India Limited, M.N. Dastur, L&T, Sargent & Lundy, Uhde India Private Limited, Toyo Engineering India Limited, SAUR International, BCEOM France, etc. for its various EPC projects.
| 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 | To meet long-term working capital requirements. | 30.00 |
| 2 | To finance the procurement of construction equipment. | 16.24 |
| 3 | To set up maintenance and storage facility for construction equipment | 4.99 |
| 4 | For setting up of training centre for employees | 5.41 |
| 5 | For general corporate purposes | 9.40 |
| 6 | To meet Issue expenses | 5.62 |
The Technofab IPO is subscribed 12.78 times on July 2, 2010 5:00:00 PM (Day 4). The public issue subscribed 10.03 times in the retail category, 4.28 times in the QIB category, and 48.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.28 | 14,70,000 | |
| NII | 48.85 | 4,41,000 | |
| Retail | 10.03 | 10,29,000 | |
| Employee | 1.1 | 50,000 | |
| Total | 12.78 | 29,90,000 |
Fitch has assigned an IPO Grade 3 to Technofab Engineering Ltd IPO. This means as per Fitch company has 'Average Fundamentals'. Fitch 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 Fitch IPO Grading Document for Technofab Engineering Ltd.
Technofab Engineering IPO, Technofab IPO, Technofab Bidding, Technofab Allotment Status, Technofab Listing and Technofab India.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 2.77 |
| 2 | Printing and Stationery expenses | 0.59 |
| 3 | Advertising and Marketing expenses | 1.60 |
| 4 | Others (IPO Grading, registrar's fee, legal fee, listing fees, etc.) | 0.67 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹240.00 | ₹240.00 |
| Open | ₹265.00 | ₹276.00 |
| Low | ₹265.00 | ₹268.00 |
| High | ₹307.00 | ₹307.80 |
| Last Trade | ₹295.65 | ₹296.95 |
Lead Manager Reports
Technofab Engineering IPO is a main-board IPO of 29,90,000 equity shares of the face value of ₹10 aggregating up to ₹72 Crores. The issue is priced at ₹240 per share. The minimum order quantity is 25.
The IPO opens on Tue, Jun 29, 2010, and closes on Fri, Jul 2, 2010.
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 Technofab Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Technofab Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technofab Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technofab Engineering IPO opens on Tue, Jun 29, 2010 and closes on Fri, Jul 2, 2010.
Technofab Engineering IPO lot size is 25, and the minimum amount required for application is ₹6,000.
You can apply in Technofab Engineering 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 Technofab Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Technofab Engineering IPO allotment status.
The Technofab Engineering IPO listing date is on Fri, Jul 16, 2010.
