Bookbuilding IPO | ₹139 Cr | Listed at BSE, NSE | Fri, Dec 7, 2007 - Wed, Dec 12, 2007
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 the NSE and the BSE on Dec 28, 2007.
Transformers IPO is set final issue price at ₹465 per share. The lot size for an application is 15 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,975 (15 shares) (based on upper price). 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 Open
Fri, Dec 7, 2007
IPO Close
Wed, Dec 12, 2007
Issue Price
₹465 per share
Market Cap (Pre-IPO)
₹600.95 Cr
| IPO Date | 7 to 12 Dec, 2007 |
| Listed on | Fri, Dec 28, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹425 to ₹465 |
| Issue Price | ₹465 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 29,95,000 shares (agg. up to ₹139 Cr) |
| Fresh Issue | 29,95,000 shares (agg. up to ₹139 Cr) |
| Share Holding Pre Issue | 99,28,611 shares |
| Share Holding Post Issue | 1,29,23,611 shares |
| BSE Script Code / NSE Symbol | 532928 / TRIL |
| ISIN | INE763I01018 |
Transformers IPO comprises a total issue size of 29,95,000 shares. The net offer to the public is 28,45,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 17,07,000 (60.00%) are allocated to QIB, 2,84,500 (10.00%) allocated to NII 8,53,500 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 17,07,000 | 60.00% | 56.99% | NA |
| NII (HNI) Shares Offered | 2,84,500 | 10.00% | 9.50% | NA |
| Retail Shares Offered | 8,53,500 | 30.00% | 28.50% | 56,900 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,50,000 | 5.01% | NA | |
| Total Shares Offered | 29,95,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| 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 |
| 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 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.
| 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 | Setting up of greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat for manufacturing transformers | 60.75 |
| 2 | To part-finance incremental working capital requirements | 35.40 |
| 3 | To meet the expenses of the issue | 9.55 |
| Total | 105.70 |
| KPI | |
|---|---|
| RoNW | 41.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 76.83% |
| Market Cap | ₹600.95 Cr. |
The Transformers & Rectifiers IPO is subscribed 91.31 times on December 12, 2007 5:00:00 PM (Day 4). The public issue subscribed 58.61 times in the retail category, 110.53 times in the QIB category, and 121.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees, Underwriting and Selling commission | 5.06 |
| 2 | Printing, Stationary and Dispatch Expenses | 1.75 |
| 3 | Advertising and Marketing Expenses | 1.27 |
| 4 | Other Expenses (Listing fees, SEBI filing fees, Bidding Charges, Registrars fees, legal advisors expenses, depository fees etc) | 1.48 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹465.00 | ₹465.00 |
| Open | ₹701.10 | ₹790.00 |
| Low | ₹685.20 | ₹682.30 |
| High | ₹813.75 | ₹790.00 |
| Last Trade | ₹728.00 | ₹729.25 |
Lead Manager Reports
Transformers IPO is a main-board IPO of 29,95,000 equity shares of the face value of ₹10 aggregating up to ₹139 Crores. The issue is priced at ₹465 per share. The minimum order quantity is 15.
The IPO opens on Fri, Dec 7, 2007, and closes on Wed, Dec 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 Fri, Dec 7, 2007 and closes on Wed, Dec 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 Fri, Dec 28, 2007.
