Transformers & Rectifiers IPO price fixed at Rs 465/ share
Transformers and Rectifiers Ltd has fixed the issue price of its initial public offer at the upper end of the price band of Rs 465 per share
By INDIATIMES NEWS NETWORK |
MUMBAI: Transformers and Rectifiers Ltd has fixed the issue price of its initial public offer at the upper end of the price band of Rs 465 per share
The IPO of 29,95,000 equity shares of Rs 10 each was made through 100 per cent book-building process in the range of Rs 425 to Rs 465 per share.
The issue had opened for subscription on December 7 and closed on December 12.
According to the National Stock Exchange, the issue was subscribed 91.31 times. The issue got bids for 27.35 crore shares against 29.95 lakh shares on offer.
The shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.
The objects of the proposed issue are to finance the setting up of the proposed greenfield facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, and to part-finance incremental working capital requirements.
The company manufactures a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers.
The company manufactures transformers upto 220 kV Class, having an installed capacity of 7,200 MVA transformers per year. It currently operates through two manufacturing units at Changodar and Odhav in Ahmedabad, Gujarat.
The IPO of 29,95,000 equity shares of Rs 10 each was made through 100 per cent book-building process in the range of Rs 425 to Rs 465 per share.
The issue had opened for subscription on December 7 and closed on December 12.
According to the National Stock Exchange, the issue was subscribed 91.31 times. The issue got bids for 27.35 crore shares against 29.95 lakh shares on offer.
The shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.
The objects of the proposed issue are to finance the setting up of the proposed greenfield facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, and to part-finance incremental working capital requirements.
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The company manufactures a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers.
The company manufactures transformers upto 220 kV Class, having an installed capacity of 7,200 MVA transformers per year. It currently operates through two manufacturing units at Changodar and Odhav in Ahmedabad, Gujarat.
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