Technofab Engineering Ltd - IPO

Technofab Engineering Ltd IPO Details

Public issue of 29,90,000 equity shares of face value of Rs. 10 each of Technofab Engineering Limited (The Company or The Issuer) for cash at a price of Rs. 240* per equity share aggregating Rs. 71.66* crores (The Issue). The issue comprises of a reservation of 50,000 equity shares of Rs. 10 each for eligible employees (The Employee Reservation Portion) for cash at a price of Rs. 220* per equity share aggregating Rs. 1.10 crores and a net issue to the public of 29,40,000 equity shares of Rs. 10 each (The Net Issue) for cash at a price of Rs. 240 per equity share aggregating Rs. 70.56 crores. The issue will constitute 28.50% of the post issue paid-up equity capital of the company. The net issue will constitute 28.03% of the post issue paid-up equity capital of the company.Issue price : Rs. 240 per equity share of face value Rs. 10 eachThe issue price is 24 times the face value * Discount of Rs. 20 to the issue price determined pursuant to completion of the book building process has been offered to eligible employees (the Employee Discount).

Objective of issue

To meet long-term working capital requirements. To finance the procurement of construction equip.. To set up maintenance & Storage facility cons. eq.. For setting up of training centre for employees. For general corporate purposes.

Technofab Engineering Ltd Contact Details

Technofab Engineering Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@technofabengineering.com

Website - www.technofabengineering.com