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Thejo Engineering IPO is a book built issue of Rs 19.00 crores.
Thejo Engineering IPO bidding started from September 4, 2012 and ended on September 6, 2012. The shares got listed on NSE SME on September 18, 2012.
Thejo Engineering IPO price band is set at ₹402 to ₹430 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹129,000.
Idbi Capital Market Services Limited is the book running lead manager of the Thejo Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Thejo Engineering IPO RHP for detailed information.
IPO Date | September 4, 2012 to September 6, 2012 |
Listing Date | September 18, 2012 |
Face Value | ₹10 per share |
Price Band | ₹402 to ₹430 per share |
Lot Size | 300 Shares |
Total Issue Size | [.] shares (aggregating up to ₹19.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Thejo Engineering IPO offers 472,800 shares. 229,800 (48.60%) to QIB, 81,900 (17.32%) to NII, 161,100 (34.07%) to RII.
Investor Category | Shares Offered | |
---|---|---|
Anchor Investor Shares Offered | - | |
Market Maker Shares Offered | - | - |
QIB Shares Offered | 229,800 (48.60%) | |
NII (HNI) Shares Offered | 81,900 (17.32%) | |
Retail Shares Offered | 161,100 (34.07%) | |
Total Shares Offered | 472,800 (100%) |
Investors can bid for a minimum of 300 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 300 | ₹129,000 |
Retail (Max) | 1 | 300 | ₹129,000 |
Lot Size Calculator |
Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company's services include belt conveyor maintenance and operations.
Company's corporate office and manufacturing units are located in Chennai and they have a wide network of branch and site offices across 14 states. Thejo's international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.
The object of the issue are to:
1. Setting up a poly-urethane unit at Chennai;
2. Expansion of existing facility at Chennai;
3. Setting up R&D Unit at Chennai;
4. Setting up a lining plant at Chennai;
5. Investment in Australian Subsidiary, Thejo Australia Pty Ltd; and
6. General corporate purposes.
[Dilip Davda]
On the performance front, TEL has posted an average EPS of Rs. 52.32 for the last three fiscals. For the year 2011-12 EPS stands at Rs. 76.17. The company issued 1 for 2 bonuses in 1994 and 2001. Its current equity of Rs. 1.24 crore is supported by free reserves of Rs. 28.76 crore. Even if we take fully diluted equity post IPO the issue is being made at a P/E of around 8 and below 2 P/BV. Thus the issue is low risk-high return one.
Read detail review...The Thejo Engineering IPO is subscribed 1.53 times on September 6, 2012 5:00:00 PM. The public issue subscribed 2.61 times in the retail category, 1.00 times in the QIB category, and 0.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 1.00 |
NII | 0.91 |
Retail | 2.61 |
Total | 1.53 |
CRISIL has assigned a CRISIL SME fundamental grade of �SME 5/5� (pronounced 'SME five on five') to the proposed IPO of Thejo Engineering Ltd (Thejo). This SME fundamental grade indicates that the fundamentals of the company are excellent compared to other SMEs in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Thejo Engineering IPO Report
Listing Date | September 18, 2012 |
BSE Script Code | |
NSE Symbol | THEJO |
ISIN | INE121N01019 |
Final Issue Price | ₹402 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹402.00 |
₹403.00 |
₹403.00 |
₹403.00 |
₹403.00 |
Thejo Engineering Ltd
Aysha Building,
2nd floor, 41, Whites Road,
Chennai 600 014, Tamil Nadu
Phone: 91 44 4392 1900
Email: investor@thejo-engg.com
Website: http://www.thejo-engg.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: thejo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Thejo Engineering IPO is a SME IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹19.00 Crores. The issue is priced at ₹402 to ₹430 per share. The minimum order quantity is 300 Shares.
The IPO opens on September 4, 2012, and closes on September 6, 2012.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Thejo Engineering IPO opens on September 4, 2012 and closes on September 6, 2012.
Thejo Engineering IPO lot size is 300 Shares, and the minimum amount required is ₹129,000.
You can apply in Thejo Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Thejo Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Thejo Engineering IPO allotment status.
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The analyst(full time) who is recommending this stock for apply is also might not know this information.
But as usual one of our friend analyzed that the issue which are not recommended are doing well and those recommended are either even not listed or quoting below issue price.