IPO Issue Details
Issue Price / Price Band₹240 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size25 Shares per Lot
Total Issue Size29,90,000 shares (aggregating up to ₹71.66 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 29 Jun 2010
Subscription CloseFri, 02 Jul 2010
Anchor AllotmentMon, 28 Jun 2010
Basis of AllotmentThu, 08 Jul 2010
Initiation of RefundsFri, 09 Jul 2010
Credit of Shares to DematFri, 09 Jul 2010
Listing DateFri, 16 Jul 2010
UPI Mandate Deadline2010-07-02
Application & Investment Details
Retail — Min (1 Lots)₹6,000 — 25 shares
Retail — Max (13 Lots)₹78,000 (13 Lots)
HNI — Min (34 Lots)₹2,04,000 — 850 shares
Pre-IPO Promoter Holding75,00,000 shares
Post-IPO Promoter Holding1,04,90,000 shares
About Technofab Engineering Ltd.
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.
Objects of the Issue
Technofab Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet long-term working capital requirements.
30.00
2
2 To finance the procurement of construction equipment.
16.23
3
3 To set up maintenance and storage facility for construction equipment
4.99
4
4 For setting up of training centre for employees
5.40
5
5 For general corporate purposes
9.39
6
6 To meet Issue expenses
5.62
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,00,000 shares
Post-IPO Promoter Holding
1,04,90,000 shares