Teja Engineering Industries Ltd - IPO

Teja Engineering Industries Ltd IPO Details

Initial public issue of 16,98,000 equity shares of face value of Rs. 10/- each of Teja Engineering Industries Ltd (TEIL or the Company or the Issuer) for cash at a price of Rs. 220 per equity share including a share premium of Rs. 210 per equity share (the Issue Price) aggregating to Rs. 37.36 (the Issue), of which 85,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 220 per equity share including a share premium of Rs. 210 per equity share aggregating to Rs. 1.87 will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., Net issue of 16,12,800 equity shares of face value of Rs. 10/- each at a price of Rs. 220 per equity share aggregating to Rs. 35.48 Crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.46% and 25.13% respectively of the post issue paid up equity share capital of the company.Offer Price: Rs. 220 per equity share of face value of Rs.10/- each.The offer price is 22 times the face value of the equity shares.Bid can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.

Objective of issue

Funding capital expenditure requirements for the purchase of equipment/machineries. Funding the working capital requirement. General corporate purposes.

Teja Engineering Industries Ltd Contact Details

Teja Engineering Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@tejaengineering.com

Website - www.tejaengineering.com