Technocraft Industries (India) Limited is a multi divisional company engaged in the manufacture of a drum closures, pipes and scaffoldings and fabrics and garments with modern production facilities.
They cater to both the domestic and global trade and have positioned ourselves as a multi product and multi market player ensuring that our target market is a diverse mix of the domestic market and international market (exports). Their manufacturing facilities are based at Murbad, Thane.
The objects of the Issue are:
1. To improve the manufacturing process of Drum Closures thereby reducing usage of raw materials and improve the cost effectiveness;
2. To expand the capacity of the Pipe & Scaffolding Division and to introduce new scaffolding products;
3. To finance the expansion of the yarn division for 27,640 spindles;
4. To augment Working Capital Requirements;
5. To list Equity Shares of on the BSE and NSE, which will enhance our brand name and meet the issue expenses.
| IPO Opening Date | Jan 18, 2007 |
| IPO Closing Date | Jan 23, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 to ₹105 per equity share |
| Market Lot | 65 Shares |
| Min Order Quantity | 65 Shares |
| Listing At | BSE, NSE |
| Issue Size | 8,320,000 Eq Shares of ₹10 (aggregating up to ₹87.36 Cr) |
The Technocraft IPO market lot size is 65 shares. A retail-individual investor can apply for up to 29 lots (1885 shares or ₹197,925).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 65 | ₹6,825 |
| Maximum | 29 | 1885 | ₹197,925 |
The Technocraft IPO is subscribed 10.67x times on Jan 23, 2007 17:00. The public issue subscribed 8.07x in the retail category, 11.65x in the QIB category, and 16.98x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 10.67x |
| Listing Date | Monday, February 12, 2007 |
| BSE Script Code | 532804 |
| NSE Symbol | TIIL |
| Listing In | B1 |
| ISIN | INE545H01011 |
| IPO Price | ₹105 per equity share |
| Face Value | ₹10 per equity share |
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Technocraft Industries (India) Ltd
Technocraft Industries (India) Limited,
M.I.D.C, Street No.3, Marol Industrial Area,
A-25, Road No.3, Andheri (W) Mumbai – 400 053
Phone: +91-22-40982222
Email: ipo@technocraftgroup.com
Website: http://www.technocraftgroup.com
Datamatics Financial Services Ltd
A 16 & 17, MIDC Part B Crosslane,
Marol, Andheri (East),
Mumbai 400 093. India
Phone: +91-22-66712151
Email: technocraft@dfssl.com
Website: https://www.datamatics.com/investors/shareholder-s
Technocraft IPO is a main-board IPO of 8,320,000 equity shares of the face value of ₹10 aggregating up to ₹87.36 Crores. The issue is priced at ₹95 to ₹105 per equity share. The minimum order quantity is 65 Shares.
The IPO opens on Jan 18, 2007, and closes on Jan 23, 2007.
Datamatics Financial Services Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Technocraft IPO opens on Jan 18, 2007 and closes on Jan 23, 2007.
Technocraft IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.
You can apply in Technocraft 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Technocraft IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Technocraft IPO allotment status.
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