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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; and
6. To meet Issue expenses.
| IPO Opening Date | Jun 29, 2010 |
| IPO Closing Date | Jul 2, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹230 to ₹240 per equity share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | 2,990,000 Eq Shares of ₹10 (aggregating up to ₹71.66 Cr) |
The Technofab IPO market lot size is 25 shares. A retail-individual investor can apply for up to 33 lots (825 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 25 | ₹6,000 |
| Maximum | 33 | 825 | ₹198,000 |
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.
Technofab Engineering IPO, Technofab IPO, Technofab Bidding, Technofab Allotment Status, Technofab Listing and Technofab India.
The Technofab IPO is subscribed 12.78 times on 7/2/2010 5:00:00 PM. The public issue subscribed 10.03 times in the retail category, 4.28 times in the QIB category, and 48.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.28 |
| NII | 48.85 |
| Retail | 10.03 |
| Employee | 1.10 |
| Total | 12.78 |
| Listing Date | Friday, July 16, 2010 |
| BSE Script Code | 533216 |
| NSE Symbol | TECHNOFAB |
| Listing In | B Group of Securities |
| ISIN | INE509K01011 |
| IPO Price | ₹240 per equity share |
| Face Value | ₹10 per equity share |
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Technofab Engineering Ltd
507, Eros Apartments
56, Nehru Place, New Delhi, 110 019
Phone: 91 129 227 0202
Email:
Website: http://www.technofabengineering.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tel.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Technofab IPO is a main-board IPO of 2,990,000 equity shares of the face value of ₹10 aggregating up to ₹71.66 Crores. The issue is priced at ₹230 to ₹240 per equity share. The minimum order quantity is 25 Shares.
The IPO opens on Jun 29, 2010, and closes on Jul 2, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Technofab IPO opens on Jun 29, 2010 and closes on Jul 2, 2010.
Technofab IPO lot size is 25 Shares and the minimum order quantity is 25 Shares.
You can apply in Technofab 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 Technofab IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Technofab IPO allotment status.
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