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Technofab Engineering Ltd IPO (Technofab IPO) Detail

Jun 29, 2010 - Jul 2, 2010

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.

Objects of the Issue:

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.

Technofab IPO Details

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 Size2,990,000 Eq Shares of ₹10
(aggregating up to ₹71.66 Cr)

Technofab IPO Lot Size

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

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.

Technofab IPO Tags:

Technofab Engineering IPO, Technofab IPO, Technofab Bidding, Technofab Allotment Status, Technofab Listing and Technofab India.

Technofab IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB4.28
NII48.85
Retail10.03
Employee1.10
Total12.78

Technofab IPO Prospectus

Technofab IPO Rating

265
3.7
Rating:Rated 3.7 stars
Vote Here ...

Technofab IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹240.00
₹265.00
₹265.00
₹307.00
₹295.65
NSE
₹240.00
₹276.00
₹268.00
₹307.80
₹296.95

Company Contact Information

Technofab Engineering Ltd
507, Eros Apartments
56, Nehru Place, New Delhi, 110 019

Phone: 91 129 227 0202
Email:
Website: http://www.technofabengineering.com

Technofab IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tel.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Technofab IPO Reviews / Ratings

  • GEPL Capital Ltd - Apply
  • Hem Securities - Apply
  • LKP Securities Ltd - Apply
  • Nirmal Bang - May apply
  • Sushil Finance Ltd - Apply

Technofab IPO FAQs

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.

The Technofab IPO listing date is on Friday, July 16, 2010.

Technofab IPO Message Board

Ranked Members  Ranked Members

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409 Comments

409. GO for growth |Sep 14, 2010 6:25:03 AM
http://economictimes.indiatimes.com/articleshowpics/6540972.cms
408. Saharanpuri |Aug 17, 2010 11:51:35 PM
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 11:40:55 PM
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 11:35:26 AM
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 9, 2010 3:54:50 PM
L&T planning for stake in Technofab Engineering
404. Ravi, Bangalore |Aug 6, 2010 8:11:43 PM
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 |Aug 1, 2010 12:41:10 AM
2 big orders achive to technofeb engineering........
so see big up side in next 2-3 days...........
catch it.................................
402. VIPUL |Jul 22, 2010 11:07:46 PM
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 12:13:39 PM
Sold alloted 25 shares today at 292.35(stop loss).
400. AK |Jul 22, 2010 9:55:05 AM
Vipul

I marked your word.
You please also mark your word
399. Maha |Jul 22, 2010 9:12:25 AM
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 7:10:52 AM
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 22, 2010 12:03:25 AM
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 6:29:19 PM
Dear Natarajan,
Sold at 307.5.Will buy for trading purpose if it comes down.
395. NEERAJ |Jul 20, 2010 2:20:08 PM
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 7:28:36 AM
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 20, 2010 12:12:35 AM
guys...dont sell technofab below 350.....2morro it will run fast between 11am to 2pm.....mark my words............
392. sreedhar |Jul 19, 2010 8:23:17 PM
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 1:38:31 PM
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 1:07:43 PM
you are the best