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PRODUCT NOTE
TECHNOFAB ENGINERING LTD.
OPENS ON : 29/06/2010 CLOSES ON : 2/07/2010
Company Details:
  • • Incorporated in 1971, Technofab Engineering Ltd (TEL) is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis..

  • • Technofab provide services to domestic and overseas markets across a number of industrial and infrastructure sectors which includes power, oil & gas, water & waste water treatment and other industrial & infrastructure sectors.

  • • Technofab Engineering provides EPC services for various BoP packages for power, oil & gas and other industrial and infrastructure undertakings.

Annual Profits (Rs in Mn)
Particulars : As On 31.31.2010
PROFIT FROM OPERATIONS : 337
PBT : 292
PAT : 191
EPS : 25.5
 

Ratings:

‘IPO GRADE 3 (ind)’ indicating average fundamentals of the Issue by “Fitch Ratings India Private Limited”.
ISSUE Details
S. No. Main Category No of equity shares reserved for the main category
1. Issue Period 29.06.2010 – 02.07.2010
2. Issue type:

100% Book Building process

3. Issue Size 2,990,000 Equity Shares of Rs. 10
4. Face Value : Rs. 10 per Equity Share
5. Issue Price: Rs. 230 - Rs. 240 Per Equity Share/td>
6. Market Lot 25 Shares
7. Listing At BSE, NSE
Book Running Lead Managers
Collins Stewart Inga
Registrar:
Link In Time India Pvt. Ltd.
 
Objects of the Issue:
1. To meet long-term working capital requirements;
2. To finance the procurement of construction equipment;
3. To set up maintenance and storage facility for construction equipment;
4. For setting up of training centre for employees;
5. For general corporate purposes; and
6. To meet Issue expenses

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