Transformers & Rectifiers to list on Friday, eClerx on Monday
Equity shares of Transformers and Rectifiers (India) will be listed and admitted to dealings on the bourses from Friday, December 28, and of eClerx Services from Monday, December 31.
By INDIATIMES NEWS NETWORK |
MUMBAI: Equity shares of Transformers and Rectifiers (India) will be listed and admitted to dealings on the bourses from Friday, December 28, and of eClerx Services from Monday, December 31.
Transformers and Rectifiers fixed 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 425-465 per share. The issue 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 company manufactures wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers, and plans to use the IPO proceeds to finance a greenfield facility at Moraiya, near Ahmedabad, and to part-finance incremental working capital needs.
eClerx Services was eyeing Rs 101 crore from its initial public offering which opened on December 4. The company priced its Rs 10 share at Rs 270-315 per share in the 100 per cent book building offering.
The issue comprised fresh issue of equity shares and an offer for sale by PD Mundhra, Anjan Malik and Burwood Ventures of 890,000 equity shares. The issue closed on December 7.
eClerx proposes to utilise the net proceeds to fund acquisitions, infrastructure investments and for setting up additional facilities.
Both the scrips will be listed on Bombay Stock Exchange and National Stock Exchange.
Transformers and Rectifiers fixed 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 425-465 per share. The issue 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 company manufactures wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers, and plans to use the IPO proceeds to finance a greenfield facility at Moraiya, near Ahmedabad, and to part-finance incremental working capital needs.
eClerx Services was eyeing Rs 101 crore from its initial public offering which opened on December 4. The company priced its Rs 10 share at Rs 270-315 per share in the 100 per cent book building offering.
The issue comprised fresh issue of equity shares and an offer for sale by PD Mundhra, Anjan Malik and Burwood Ventures of 890,000 equity shares. The issue closed on December 7.
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eClerx proposes to utilise the net proceeds to fund acquisitions, infrastructure investments and for setting up additional facilities.
Both the scrips will be listed on Bombay Stock Exchange and National Stock Exchange.
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