Subscribe to BS Transcomm, says HEM Securities
HEM Securities has recommended investors to ‘Subscribe’ to the initial public offering of BS Transcomm.
By ET Bureau |
MUMBAI: HEM Securities has recommended investors to ‘Subscribe’ to the initial public offering of BS Transcomm. The company has entered the primary market with issue of Rs 76.79 lakh equity shares of face value Rs 10 each in a price band of Rs 257-266 per share. The issue closes Friday.
“The company is bringing the issue at price band of Rs 257-266 per share on P/E multiple of 10-11 at post issue annualized EPS of Rs 25. Company with its pan India presence covering all 23 telecommunication circles in telecommunication sector, integerated business model and access to technology is looking an attractive issue.
Investors can “Subscribe” to the issue,” the note said.
BS Transcomm is engaged in the business of providing a range of services to telecommunication infrastructure providers for setting up their passive infrastructure and to power transmission companies for setting up their transmission lines and sub-stations.
The proceeds from the issue will be used for part funding of Phase I i.e. expansion in tower manufacturing and
galvanising capacity from 36,000 MTPA to 1,20,000 MTPA (i.e. an increase in installed capacity by 84,000 MTPA) and setting up of the backward integrated structural mill with an installed capacity of 90,000 MTPA.
Funding of Phase II i.e. expansion in Tower Manufacturing and galvanising capacity from 1,20,000 MTPA to 2,40,000 MTPA (i.e. an increase in installed capacity by 1,20,000 MTPA) and to part finance margin money for working capital for the project.
“The company is bringing the issue at price band of Rs 257-266 per share on P/E multiple of 10-11 at post issue annualized EPS of Rs 25. Company with its pan India presence covering all 23 telecommunication circles in telecommunication sector, integerated business model and access to technology is looking an attractive issue.
Investors can “Subscribe” to the issue,” the note said.
BS Transcomm is engaged in the business of providing a range of services to telecommunication infrastructure providers for setting up their passive infrastructure and to power transmission companies for setting up their transmission lines and sub-stations.
The proceeds from the issue will be used for part funding of Phase I i.e. expansion in tower manufacturing and
galvanising capacity from 36,000 MTPA to 1,20,000 MTPA (i.e. an increase in installed capacity by 84,000 MTPA) and setting up of the backward integrated structural mill with an installed capacity of 90,000 MTPA.
Funding of Phase II i.e. expansion in Tower Manufacturing and galvanising capacity from 1,20,000 MTPA to 2,40,000 MTPA (i.e. an increase in installed capacity by 1,20,000 MTPA) and to part finance margin money for working capital for the project.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
