Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹240.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,750 (25 shares). 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 Date | June 29, 2010 to July 2, 2010 |
| Listing Date | July 16, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹230 to ₹240 per share |
| Issue Price Final | ₹240 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,90,000 shares (aggregating up to ₹71.66 Cr) |
| Employee Discount | ₹20.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,04,90,000 shares |
Technofab IPO offers total 29,90,000 shares. Out of which 14,70,000 (49.16%) allocated to QIB, 4,41,000 (14.75%) allocated to NII, 10,29,000 (34.41%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 14,70,000 (49.16%) | NA |
| NII (HNI) Shares Offered | 4,41,000 (14.75%) | NA |
| Retail Shares Offered | 10,29,000 (34.41%) | 41,160 |
| Employee Shares Offered | 50,000 (1.67%) | NA |
| Total Shares Offered | 29,90,000 (100.00%) |
| 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 |
Technofab Engineering IPO opens on June 29, 2010, and closes on July 2, 2010.
| IPO Open Date | Tue, Jun 29, 2010 |
| IPO Close Date | Fri, Jul 2, 2010 |
| Tentative Listing Date | Fri, Jul 16, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 2, 2010 |
Investors can bid for a minimum of 25 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The Company Technofab 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 | To meet long-term working capital requirements. | 300.00 |
| 2 | To finance the procurement of construction equipment. | 162.38 |
| 3 | To set up maintenance and storage facility for construction equipment | 49.95 |
| 4 | For setting up of training centre for employees | 54.07 |
| 5 | For general corporate purposes | 93.98 |
| 6 | To meet Issue expenses | 56.23 |
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.
| Listing Date | July 16, 2010 |
| BSE Script Code | 533216 |
| NSE Symbol | TECHNOFAB |
| ISIN | INE509K01011 |
| Final Issue Price | ₹240 per share |
| BSE Listing Group | B |
Technofab Engineering Ltd.
507,
Eros Apartments, 56,
Nehru Place,
Delhi, New Delhi, 110019
Phone: 91 129 227 0202
Email: ipo@technofabengineering.com
Website: http://www.technofabengineering.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tel.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Technofab Engineering IPO is a main-board IPO of 29,90,000 equity shares of the face value of ₹10 aggregating up to ₹71.66 Crores. The issue is priced at ₹240 per share. The minimum order quantity is 25.
The IPO opens on June 29, 2010, and closes on July 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 June 29, 2010 and closes on July 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 Friday, July 16, 2010.
Useful Articles
RHP