Public issue of 29,90,000 equity shares of face value of Rs. 10 each of Technofab Engineering Limited (The "Company" or The "Issuer") for cash at a price of Rs. 240* per equity share aggregating Rs. 71.66* crores (The "Issue"). The issue comprises of a reservation of 50,000 equity shares of Rs. 10 each for eligible employees (The "Employee Reservation Portion") for cash at a price of Rs. 220* per equity share aggregating Rs. 1.10 crores and a net issue to the public of 29,40,000 equity shares of Rs. 10 each (The "Net Issue") for cash at a price of Rs. 240 per equity share aggregating Rs. 70.56 crores. The issue will constitute 28.50% of the post issue paid-up equity capital of the company. The net issue will constitute 28.03% of the post issue paid-up equity capital of the company.
Issue price : Rs. 240 per equity share of face value Rs. 10 each
The issue price is 24 times the face value
* Discount of Rs. 20 to the issue price determined pursuant to completion of the book building process has been offered to eligible employees (the "Employee Discount").
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Jun-2010
02-Jul-2010
₹ 240.00
₹ 0.00
Minimum Application for shares in Nos : 25.0
Further Multiples of : 25.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
71.66
Collins Stewart Inga Pvt Ltd
Project Financed through Current Offer
71.66
Post Issue Equity Share Capital
10.49
Issue Price
₹240.00
Projects
To meet long-term working capital requirements
To finance the procurement of construction equip.
To set up maintenance & Storage facility cons. eq.