Technocraft Industries (India) Ltd - IPO

Technocraft Industries (India) Ltd IPO Details

Public issue of 83,20,000 equity shares of Rs. 10/- each for cash at an Issue price of Rs.105/- per equity share aggregating to Rs.87.36 Crores (hereinafter referred to as 'the issue'). The issue comprises 4,20,000 equity shares of Rs.10/- each aggregating to Rs.4.41 Crores reserved for employees of the company and net issue to public of 79,00,000 equity shares of Rs. 10/- each aggregating to Rs.82.95 Crores. The net issue would constitute 25.06% of the post issue paidup capital of the company.Issue Price: Rs.105/- per equity share of face value of Rs. 10/- each. The issue price is 10.5 times of the face value

Objective of issue

Impr.Manu.Pro.Drum&Closures&Imp.Cost Effectiveness. Exp.Cap.of Pipe&Scaffolding Div.&Intro.New Product. Fin. the expansion of the yarn Division(Spindles). Setting up of Power Project.

Technocraft Industries (India) Ltd Contact Details

Technocraft Industries (India) Ltd, PlotNo-A-16-17 PartB, Cross Lane MIDC, Marol Andheri (East), Mumbai - 400 093

Phone - 91-22-28213383/90/66712001-2006

Fax - 91-22-28369408

Email - investor@technocraftgroup.com; cs@technocraftgroup

Website - www.technocraftgroup.com