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Titagarh Wagons IPO is a book build issue of ₹128.72 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹111.68 crores and offer for sale of 0.03 crore shares aggregating to ₹17.05 crores.
Titagarh Wagons IPO bidding started from Mar 24, 2008 and ended on Mar 27, 2008. The shares got listed on BSE, NSE on Apr 21, 2008.
Titagarh Wagons IPO price band is set at ₹540.00 per share . The lot size for an application is 10. The minimum amount of investment required by an retail is ₹5,400 (10 shares). The lot size investment for sNII is 38 lots (380 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (1,860 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 15,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Titagarh Wagons IPO RHP for detailed Information.
| IPO Date | March 24, 2008 to March 27, 2008 |
| Listing Date | April 21, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹540 to ₹610 per share |
| Issue Price Final | ₹540 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 23,83,768 shares (aggregating up to ₹128.72 Cr) |
| Fresh Issue | 20,68,111 shares (aggregating up to ₹111.68 Cr) |
| Offer for Sale | 3,15,657 shares of ₹10 (aggregating up to ₹17.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,63,74,004 shares |
| Share Holding Post Issue | 1,84,42,115 shares |
Titagarh Wagons IPO offers total 23,83,768 shares. Out of which 14,21,261 (59.62%) allocated to QIB, 2,36,877 (9.94%) allocated to NII, 7,10,630 (29.81%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 14,21,261 (59.62%) | NA |
| NII (HNI) Shares Offered | 2,36,877 (9.94%) | NA |
| Retail Shares Offered | 7,10,630 (29.81%) | 71,063 |
| Employee Shares Offered | 15,000 (0.63%) | NA |
| Total Shares Offered | 23,83,768 (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 |
Titagarh Wagons IPO opens on March 24, 2008, and closes on March 27, 2008.
| IPO Open Date | Mon, Mar 24, 2008 |
| IPO Close Date | Thu, Mar 27, 2008 |
| Tentative Listing Date | Mon, Apr 21, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 27, 2008 |
Investors can bid for a minimum of 10 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 | 10 | ₹5,400 |
| Retail (Max) | 37 | 370 | ₹1,99,800 |
| S-HNI (Min) | 38 | 380 | ₹2,05,200 |
| S-HNI (Max) | 185 | 1,850 | ₹9,99,000 |
| B-HNI (Min) | 186 | 1,860 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.
They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. They had approximately 16.9% market share in the wagon manufacturing segment in Fiscal 2006, which has further increased to approximately 22.1% in Fiscal 2007.
Titagarh Wagons Limited are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.
| Particulars | For the year/period ended (Rs. in million) | |||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 2840.5 | 1244.6 | 1097.3 | 581.1 |
| Profit After Tax (PAT) | 291.9 | 128.5 | 73.2 | 42.5 |
The Company Titagarh Wagons 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 | Set up an EMU manufacturing facility at the Uttarpara unit | 187.41 |
| 2 | Modernize and expand the existing facilities at the Titagarh and Uttarpara units | 188.43 |
| 3 | Set up an axle machining and wheelset assembly facility at the Uttarpara unit | 129.33 |
| 4 | Construct a corporate office and a research and development centre | 70.00 |
| 5 | Strategic acquisition or investments | 125.00 |
| 6 | Brand building exercise | 20.00 |
| 7 | General corporate purposes | 311.51 |
| 8 | Issue expenses | 85.10 |
| Listing Date | April 21, 2008 |
| BSE Script Code | 532966 |
| NSE Symbol | TITAGARH |
| ISIN | INE615H01020 |
| Final Issue Price | ₹540 per share |
| BSE Listing Group | B |
Titagarh Wagons Ltd.
Premlata, 4th Floor,
39,
Shakespeare Sarani,
Kolkata, West Bengal, 700017
Phone: + 91-33 2283 4467
Email: investors@titagarh.biz
Website: http://www.titagarh.biz
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: investors@titagarh.biz
Website: https://ipostatus.kfintech.com/
Titagarh Wagons IPO is a main-board IPO of 23,83,768 equity shares of the face value of ₹10 aggregating up to ₹128.72 Crores. The issue is priced at ₹540 per share. The minimum order quantity is 10.
The IPO opens on March 24, 2008, and closes on March 27, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Titagarh Wagons IPO using UPI as a payment gateway. Zerodha customers can apply in Titagarh Wagons IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Titagarh Wagons IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Titagarh Wagons IPO opens on March 24, 2008 and closes on March 27, 2008.
Titagarh Wagons IPO lot size is 10, and the minimum amount required for application is ₹5,400.
You can apply in Titagarh Wagons 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 Titagarh Wagons IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Titagarh Wagons IPO allotment status.
The Titagarh Wagons IPO listing date is on Monday, April 21, 2008.
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