IPO Issue Details
Issue Price / Price Band₹257 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size25 Shares per Lot
Total Issue Size76,79,410 shares (aggregating up to ₹190.45 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 06 Oct 2010
Subscription CloseWed, 13 Oct 2010
Anchor AllotmentTue, 05 Oct 2010
Basis of AllotmentTue, 19 Oct 2010
Initiation of RefundsWed, 20 Oct 2010
Credit of Shares to DematWed, 20 Oct 2010
Listing DateWed, 27 Oct 2010
UPI Mandate Deadline2010-10-13
Application & Investment Details
Retail — Min (1 Lots)₹6,200 — 25 shares
Retail — Max (13 Lots)₹83,525 (13 Lots)
HNI — Min (33 Lots)₹2,04,600 — 825 shares
Pre-IPO Promoter Holding1,41,99,250 shares
Post-IPO Promoter Holding2,18,78,660 shares
About BS Transcomm Ltd.
BS TransComm is engaged in the business of providing a range of services to telecommunication infrastructure providers and power transmission companies including turnkey services. BS Transcomm plans to provide tower companies with solar and wind power solutions along with its existing fuel management solutions. In telecom infrastructure the company's main clients are Reliance Infra, GTL, Indus Towers, Quippo WTTL, Bharti Infratel and Vodafone Essar. Clients in the power business include Power Grid Corporation, Rajasthan Rajya Vidyut Prasaran Nigam & Transmission Corporation of Andhra Pradesh and Karnataka Electricity Board.The company has laid down expansion plans to increase its current tower fabrication and galvanization capacity from 36,000 MTPA to 240,000 MTPA in two phases. In first phase, completed in March 2010, the company expanded the capacity by 84,000 MTPA, taking the current capacity to 1,20,000 MTPA. In phase II the company will increase tower manufacturing capacity from 120,000 MTPA to 240,000 MTPA.
Objects of the Issue
BS Transcomm Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Part funding of Phase I i.e. expansion in Tower Manufacturing and galvanizing capacity from 36,000 MTPA to 1,20,000 MTPA (i.e. an increase in installed capacity by 84,000 MTPA) and setting up of the Backward Integrated Structural Mill with an installed capacity of 90,000 MTPA
2
2 Funding of Phase II i.e. expansion in Tower Manufacturing and galvanizing capacity from 1,20,000 MTPA to 2,40,000 MTPA (i.e. an increase in installed capacity by 1,20,000 MTPA)
3
3 To part finance margin money for working capital for the Project
4
4 To fund general corporate purposes
5
5 To meet expenses of this Issue
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,41,99,250 shares
Post-IPO Promoter Holding
2,18,78,660 shares