Business Standard

Time Technoplast Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

123.53 cr

Price Range (₹)

315

Lot Size

20

Min Investment (₹)

6,300.00

Listing Exchange

MumbaiNSE

Open Date

18-May-2007

Close Date

23-May-2007

Listing Date

13-Jun-2007

Time Technoplast Ltd News

    The Shares of Time Technoplast Ltd have now been listed.

    Time Technoplast Ltd IPO Details

    Public issue of 39,21,500 equity shares of face value of Rs.10/- each for cash at a price of Rs.315/- per equity share (including a share premium of Rs.305 per equity share) aggregating to Rs.123.53 Crores (the issue) by Time Technoplast Limited (TTL, our company or the issuer) the issue comprises net issue to the public of 36,60,400 equity shares at a price of Rs.315/- per equity share (the net issue) and a reservation of upto 261,100 equity shares at a price of Rs.315/- per equity share for the permanent employees of the company (including a share premium of Rs.305/- per equity share) ('the employee reservation portion) the issue will constitute 18.74% of the fully diluted post issue paid up capital of our company.Issue Price is Rs.315/- per equity share of face value of Rs.10 each.The issue price is 31.5 times of the face value

    Objective of issue

    Setting up of new Project for Dispos. Medica Devic. Setting up integrated Injection moulding Facilitie. Overseas Projects (Investment in Subsidiaries). Repayment of Loan availed from IL&FS. Acquire entire 49% holding of Time Secu. Serv Ltd. General Corporate Purpose.

    Time Technoplast Ltd Contact Details

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

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - investors@timetechnoplast.com

    Website - www.timetechnoplast.com