Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Transformers IPO is a book build issue of ₹139.27 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹139.27 crore.
Transformers IPO bidding started from Dec 7, 2007 and ended on Dec 12, 2007. The shares got listed on BSE, NSE on Dec 28, 2007.
Transformers IPO price band is set at ₹465.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,375 (15 shares). The lot size investment for sNII is 29 lots (435 shares), amounting to ₹2,02,275, and for bNII, it is 144 lots (2,160 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Transformers IPO RHP for detailed Information.
| IPO Date | December 7, 2007 to December 12, 2007 |
| Listing Date | December 28, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹425 to ₹465 per share |
| Issue Price Final | ₹465 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,95,000 shares (aggregating up to ₹139.27 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 99,28,611 shares |
| Share Holding Post Issue | 1,29,23,611 shares |
Transformers & Rectifiers IPO offers total 29,95,000 shares. Out of which 17,07,000 (56.99%) allocated to QIB, 2,84,500 (9.50%) allocated to NII, 8,53,500 (28.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 17,07,000 (56.99%) | NA |
| NII (HNI) Shares Offered | 2,84,500 (9.50%) | NA |
| Retail Shares Offered | 8,53,500 (28.50%) | 56,900 |
| Employee Shares Offered | 1,50,000 (5.01%) | NA |
| Total Shares Offered | 29,95,000 (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 |
Transformers IPO opens on December 7, 2007, and closes on December 12, 2007.
| IPO Open Date | Fri, Dec 7, 2007 |
| IPO Close Date | Wed, Dec 12, 2007 |
| Tentative Listing Date | Fri, Dec 28, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 12, 2007 |
Investors can bid for a minimum of 15 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 | 15 | ₹6,975 |
| Retail (Max) | 28 | 420 | ₹1,95,300 |
| S-HNI (Min) | 29 | 435 | ₹2,02,275 |
| S-HNI (Max) | 143 | 2,145 | ₹9,97,425 |
| B-HNI (Min) | 144 | 2,160 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1981, Transformers & Rectifiers India Ltd is in the manufacturer of a wide range of transformers. They currently operate through two manufacturing units in Gujarat, located at Changodar, near Ahmedabad and Odhav, in Ahmedabad.
Transformers & Rectifiers India Ltd is one of the major player in the Indian markets manufacturing a wide range of transformers ranging from power generation, transmission and distribution transformers, industrial transformers and a wide range of speciality transformers, focusing on quality, timely delivery and customization.
They have wide spectrum of transformer users in various industries such as petrochemicals, oil refining, cement, paper and pulp, pharmaceuticals, automobiles, steel, alloy plant, power plant, railway applications, mining, minerals etc.
| KPI | Values |
|---|---|
| RoNW | 41.36% |
The Company Transformers & Rectifiers 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 | Setting up of greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat for manufacturing transformers | 607.52 |
| 2 | To part-finance incremental working capital requirements | 354.00 |
| 3 | To meet the expenses of the Issue |
| Listing Date | December 28, 2007 |
| BSE Script Code | 532928 |
| NSE Symbol | TRIL |
| ISIN | INE763I01018 |
| Final Issue Price | ₹465 per share |
| BSE Listing Group | B1 |
Transformers & Rectifiers (India) Ltd.
Survey No. 344-350, Opposite P.W.D Stores,
Changodar Village, Sarkhej Bavla Highway,
Sanand, Gujarat - 382210 India
Sanand, Gujarat
Phone: +91-2717-661661
Email: ipo@transformerindia.com
Website: http://www.transformerindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tr.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Transformers IPO is a main-board IPO of 29,95,000 equity shares of the face value of ₹10 aggregating up to ₹139.27 Crores. The issue is priced at ₹465 per share. The minimum order quantity is 15.
The IPO opens on December 7, 2007, and closes on December 12, 2007.
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 Transformers IPO using UPI as a payment gateway. Zerodha customers can apply in Transformers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transformers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transformers IPO opens on December 7, 2007 and closes on December 12, 2007.
Transformers IPO lot size is 15, and the minimum amount required for application is ₹6,975.
You can apply in 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 Transformers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Transformers IPO allotment status.
The Transformers IPO listing date is on Friday, December 28, 2007.
Useful Articles
RHP