Tankup Engineers Ltd - IPO

Tankup Engineers Ltd IPO Details

Initial public offer of upto 13,95,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Tankup Engineers Limited ("the Company" or "the Issuer") at an issue price of Rs. 140/- per equity share for cash, aggregating up to Rs. 19.53 crores ("Public Issue") out of which 70,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 140/- per equity share for cash, aggregating Rs. 0.98 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and upto 36,000 equity shares aggregating up to Rs. 0.50 crores for subscription by eligible employees (As Defined Hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. issue of 12,89,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 140/- per equity share for cash, aggregating upto Rs. 18.05 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.35 % and 24.34 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is 14 times with the face value of the equity shares. the anchor investor issue price is Rs. 140 per equity share.

Objective of issue

Repayment in full or in part of certain of its outstanding borrowings. Funding to meet working capital requirements. General corporate purposes.

Tankup Engineers Ltd Contact Details

Tankup Engineers Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@tankup.co.in

Website - www.tankup.co.in