Business Standard

Titagarh Rail Systems Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

128.72 cr

Price Range (₹)

540

Lot Size

10

Min Investment (₹)

5,400.00

Listing Exchange

MumbaiNSE

Open Date

24-Mar-2008

Close Date

27-Mar-2008

Listing Date

21-Apr-2008

Titagarh Rail Systems Ltd News

    The Shares of Titagarh Rail Systems Ltd have now been listed.

    Titagarh Rail Systems Ltd IPO Details

    Public Issue of 23,83,768 Equity Shares of Rs.10/- each (Equity Shares) of Titagarh Wagons Limited (TWL or the Company or the Issuer) for Cash at a price of Rs.540/- per Equity Share (including a Share Premium of Rs.530/- per Equity Share), Consisting of a Fresh Issue of 20,68,111 Equity Shares and an Offer for Sale of 3,15,657 Equity Shares by Mrs.Rashmi Chowdhary and Strategic Ventures fund (Mauritius) Limited (the Selling Shareholders), Aggregating Rs.128.72 Crores (the Issue). The Issue Comprises a net Issue to the Public of 23,68,768 Equity Shares (the net issue) and a Reservation of up to 15,000 Equity Shares for Subscription by Eligible Employees (the Employee Reservation Portion). The Issue will constitute 12.9% of our Post-Issue Capital. The net Issue will Constitute 12.8% of our Post-Issue Capital.Issue Price is Rs.540/- per Equity Share of Face Value Rs.10/-The Face Value of the Equity Shares is Rs.10/- per Share. The Issue Price is 54 times the Face Value

    Objective of issue

    Set up a EMU Manufact. Facility at Uttapura Unit. Modernise & expand facilities at Titagarh & Uttapu. To Set axle machining & wheelset assembly at Uttap. Construct a corporate office and designcum R&D off. Stategic Acquisition. Brand building exercise. General Corporate Purposes.

    Titagarh Rail Systems Ltd Contact Details

    Titagarh Rail Systems Ltd, 8-2-596 Avenue 4, Street No 1, Banjara Hills, Hyderabad - 500 034

    Phone - 91-40-44677111

    Fax - 91-40-23428760

    Email - dinesh.arya@titagarh.in; corp@titagarh.in

    Website - www.titagarh.in