|
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. Company also provide EPC services to the main plant for water & waste water treatment projects. TEL has dealt with engineering consultants such as Development Consultants Private Limited (DCPL), Desein Private Limited, FITCHNER Consulting Engineers (India) Private Limited, Mecon, Tata Consulting Engineers, Engineers India Limited, M.N. Dastur, L&T, Sargent & Lundy, Uhde India Private Limited, Toyo Engineering India Limited, SAUR International, BCEOM France, etc. for its various EPC projects.
The Objects of the Issue are: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; and6. To meet Issue expenses.
»» Issue Open: Jun 29, 2010 - Jul 02, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 2,990,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 71.76 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 230 - Rs. 240 Per Equity Share
»» Market Lot: 25 Shares
»» Minimum Order Quantity: 25 Shares
»» Listing At: BSE, NSE
Technofab Engineering Ltd IPO Grading / Rating
Fitch has assigned an IPO Grade 3 to Technofab Engineering Ltd IPO. This means as per Fitch company has 'Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Fitch IPO Grading Document for Technofab Engineering Ltd.
Check IPO Ratings from other stock analysts.
Technofab IPO Tags:
Technofab Engineering IPO, Technofab IPO, Technofab Bidding, Technofab Allotment Status, Technofab Listing and Technofab India.
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Employee Reservations | Total | | Shares Offered / Reserved | 1,470,000 | 441,000 | 1,029,000 | 50,000 | 2,990,000 | | Day 1 - Jun 29, 2010 17:00 IST | 0.1800 | 0.0000 | 0.0500 | 0.0300 | 0.1000 | | Day 2 - Jun 30, 2010 17:00 IST | 0.1800 | 0.0000 | 0.1800 | 0.0000 | 0.1500 | | Day 3 - Jul 01, 2010 17:00 IST | 0.1800 | 2.1300 | 0.5400 | 1.0200 | 0.6100 | | Day 4 - Jul 02, 2010 17:00 IST | 4.2800 | 48.8500 | 10.0300 | 1.1000 | 12.7800 |
Technofab Engineering Ltd IPO Alerts
1. Wednesday, July 14, 2010 10:44:15 AM
2. Wednesday, July 14, 2010 2:09:38 AM
3. Friday, July 02, 2010 11:50:32 AM
4. Thursday, July 01, 2010 10:23:41 AM
5. Wednesday, June 30, 2010 10:22:39 AM
6. Tuesday, June 29, 2010 10:56:47 AM
7. Wednesday, June 16, 2010 10:44:06 AM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Friday, July 16, 2010 |
| BSE Scrip Code: | 533216 |
| NSE Symbol: | TECHNOFAB |
| Listing In: | 'B' Group of securities |
| Sector: | Engineering |
| ISIN: | INE509K01011 |
| Issue Price: | Rs. 240.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 240.00 |
| Open: | Rs. 265.00 |
| Low: | Rs. 265.00 |
| High: | Rs. 307.00 |
| Last Trade: | Rs. 295.65 |
| Volume: | 9,496,631 |
|
| NSE |
| Rs. 240.00 |
| Rs. 276.00 |
| Rs. 268.00 |
| Rs. 307.80 |
| Rs. 296.95 |
| 15,267,045 |
|
Technofab Engineering Ltd IPO Links
Company Contact Information
Registered Office :
507, Eros Apartments
56, Nehru Place, New Delhi, 110 019
Phone: 91 129 227 0202
Fax: 91 129 227 0201
Email:
Website: http://www.technofabengineering.com
Book Running Lead Manager(s)
Technofab Engineering Ltd IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
|
|
| 408. Saharanpuri Aug 17, 2010 10:51:35 PM IST Report Spam! |
Niren,
Ist qtr results are generally bad for all EPC cos so dont worry n hold uptill full year results.
Bye
Vivek |
|
| 407. NIREN Aug 17, 2010 10:40:55 PM IST Report Spam! |
Mr.Shahranpuri,
What is your take now on TECHNOFAB? I have also held on to the allotments of the IPO thinking it will cross atleast 325. I think the I qtr. results were disappointing. |
|
| 406. jadesmith Aug 14, 2010 10:35:26 AM IST Report Spam! |
Guys,
This is one of the few ipo's which i missed out that has done reasonably well. Is there any use entering now? It looks to be in an industry which has good scope..but not able to find a comparable listed peer |
|
| 405. charles Aug 09, 2010 2:54:50 PM IST Report Spam! |
| L&T planning for stake in Technofab Engineering |
|
| 404. Ravi, Bangalore Aug 06, 2010 7:11:43 PM IST Report Spam! |
FUNDAMENTAL OUTLOOK
Fair Value seen around Rs.270.
TECHNICAL OUTLOOK
Technofab (284)
Support 273, 268 (Normal Low), 245 (Extremely Low), Below 222 (Most Extremely Low).
Resistance 299, 311 (Normal High), 330 (Extremely High), 350+ (Most Extremely High).
If falls below 273, it will lose momentum. |
|
| 403. breaking news Jul 31, 2010 11:41:10 PM IST Report Spam! |
2 big orders achive to technofeb engineering........
so see big up side in next 2-3 days...........
catch it................................. |
|
| 402. VIPUL Jul 22, 2010 10:07:46 PM IST Report Spam! |
| SORRY AK...THAT WAS NOT TO OFFEND ANY1...I JUST SAID IT BECOZ OF SHORT COVERIN BETWEEN 11-2....AND IT DID RUN AT 12 BUT ONLY FROM 304 TO 310......... |
|
| 401. Srini Jul 22, 2010 11:13:39 AM IST Report Spam! |
| Sold alloted 25 shares today at 292.35(stop loss). |
|
| 400. AK Jul 22, 2010 8:55:05 AM IST Report Spam! |
Vipul
I marked your word.
You please also mark your word |
|
| 399. Maha Jul 22, 2010 8:12:25 AM IST Report Spam! |
| Sir, i was applied in this ipo but syndicate member was not bided my appl. Where i will complant,thanks. |
|
| 398. K.K.Natarajan Jul 22, 2010 6:10:52 AM IST Report Spam! |
Dear Sreedhar,
I still hold 2 full lots even now and also added some yesterday at a price of 298, hoping to come out intraday, but then took delivery as the price did not improve. Our markets may not fare well today as the US indices are in the red. Hope it goes to the expected price of around 320, in the days to come. |
|
| 397. sreedhar Jul 21, 2010 11:03:25 PM IST Report Spam! |
Dear Natarajan,
Still holding Technofab?tomorrow if the rate comes around 290 I will buy again for some trading.These new Issues give a lot of scope for trading.I apply in paper form mostly since I can stop the cheque.I stopped the cheque only once in ARSS wherien I had applied for 6 full applications & stopped 3 of them as even a full application did not guarantee allocation. |
|
| 396. sreedhar Jul 20, 2010 5:29:19 PM IST Report Spam! |
Dear Natarajan,
Sold at 307.5.Will buy for trading purpose if it comes down. |
|
| 395. NEERAJ Jul 20, 2010 1:20:08 PM IST Report Spam! |
dear Shreedhar/ Ravi Bangalore
i am holding 120 shares of Persitent at 406 pl. advice what should be done |
|
| 394. K.K.Natarajan Jul 20, 2010 6:28:36 AM IST Report Spam! |
Dear Sreedhar,
My gut feeling is that Technofab will touch 400 within 1 month, but I am also not going to wait for that to happen. I have 2 full lots left which I am thinking of selling within this week, may be around 320 for the first lot and if possible around 340 or so for the second. By the by, whats your call on Midfield Industries after the first days subscription? |
|
| 393. vipul Jul 19, 2010 11:12:35 PM IST Report Spam! |
| guys...dont sell technofab below 350.....2morro it will run fast between 11am to 2pm.....mark my words............ |
|
| 392. sreedhar Jul 19, 2010 7:23:17 PM IST Report Spam! |
Dear Natarajan,
Will sell all of my 244 shares tomorrow.Price will be from 310-315.I will invest the amount gained from selling these shares in other useful purposes.Hope to gain 8-10% from this money in 1 month so my effective selling price will be 340 & I think if Techofab reaches 340-350 also after 1 month It will be equivalent to my exit price 310-315.Hope you understood my point. |
|
| 391. raja Jul 19, 2010 12:38:31 PM IST Report Spam! |
hi challa
no problem it is antother arssinfra it is going to crose 350 with in 2t3 days |
|
| 390. ranjeet kumar pandit Jul 19, 2010 12:07:43 PM IST Report Spam! |
| you are the best |
|
| 389. challa Jul 19, 2010 11:44:04 AM IST Report Spam! |
Dear Sir,
Please let me know the exit figure of Technofab shares, as i am holding 500 shares at 307
ch |
|
|
|
|
|
