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Titagarh Wagons Limited IPO (Titagarh Wagons IPO) Detail

Mar 24, 2008 - Mar 27, 2008

Incorporated in 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.

They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. They had approximately 16.9% market share in the wagon manufacturing segment in Fiscal 2006, which has further increased to approximately 22.1% in Fiscal 2007.

Titagarh Wagons Limited are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.

Company Financials:

ParticularsFor the year/period ended (Rs. in million)
 31-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income2840.51244.61097.3581.1
  Profit After Tax (PAT)291.9128.573.242.5

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Set up an EMU manufacturing facility at our Uttarpara unit;
2. Modernise and expand our existing facilities at our Titagarh and Uttarpara units;
3. Set up an axle machining and wheelset assembly facility at our Uttarpara unit;
4. Construct a corporate office and a design cum research and development office;
5. Strategic acquisition or investments;
6. Brand building exercise;
7. General corporate purposes.

Titagarh Wagons IPO Details

IPO Opening Date Mar 24, 2008
IPO Closing Date Mar 27, 2008
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹540 to ₹610 per equity share
Market Lot 10 Shares
Min Order Quantity 10 Shares
Listing At BSE, NSE
Issue Size2,383,768 Eq Shares of ₹10
(aggregating up to ₹128.72 Cr)

Titagarh Wagons IPO Lot Size

The Titagarh Wagons IPO market lot size is 10 shares. A retail-individual investor can apply for up to 32 lots (320 shares or ₹195,200).

Application Lots Shares Amount (Cut-off)
Minimum 1 10 ₹6,100
Maximum 32 320 ₹195,200

Titagarh Wagons IPO Subscription Status (Bidding Detail)

The Titagarh Wagons IPO is subscribed 6.75 times on 3/27/2008 5:00:00 PM. The public issue subscribed 0.98 times in the retail category, 10.37 times in the QIB category, and 2.77 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Titagarh Wagons IPO Prospectus

Titagarh Wagons IPO Rating

231
2.8
Rating:Rated 2.8 stars
Vote Here ...

Titagarh Wagons IPO Listing Date

Listing Date Monday, April 21, 2008
BSE Script Code 532966
NSE Symbol TWL
Listing In B Group of Securities
ISIN INE615H01020
IPO Price ₹540 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹540.00
₹550.00
₹550.00
₹734.40
₹707.20
NSE
₹540.00
₹540.00
₹540.00
₹734.70
₹706.85

Company Contact Information

Titagarh Wagons Limited
Premlata, 4th Floor,
39, Shakespeare Sarani,
Kolkata, 700 017, India.
Phone: + 91-33 2283 4467
Email: investors@titagarh.biz
Website: http://www.titagarh.biz

Titagarh Wagons IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: investors@titagarh.biz
Website: https://karisma.kfintech.com/

Titagarh Wagons IPO Reviews / Ratings

  • Business Line - Apply
  • Hem Securities - Apply
  • KR Choksey Securities Ltd - Avoid
  • Pioneer Investcorp Ltd. (PINC) - Apply
  • Smart Investments Ltd - Apply
  • S P Tulsian - Apply

Titagarh Wagons IPO FAQs

Titagarh Wagons IPO is a main-board IPO of 2,383,768 equity shares of the face value of ₹10 aggregating up to ₹128.72 Crores. The issue is priced at ₹540 to ₹610 per equity share. The minimum order quantity is 10 Shares.

The IPO opens on Mar 24, 2008, and closes on Mar 27, 2008.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Titagarh Wagons IPO opens on Mar 24, 2008 and closes on Mar 27, 2008.

Titagarh Wagons IPO lot size is 10 Shares and the minimum order quantity is 10 Shares.

You can apply in Titagarh Wagons 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 Titagarh Wagons IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Titagarh Wagons IPO allotment status.

The Titagarh Wagons IPO listing date is on Monday, April 21, 2008.

Titagarh Wagons IPO Message Board

Ranked Members  Ranked Members

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183 Comments

183. ABHISHEK SINGH |May 24, 2008 3:25:00 PM
can u send me ur ebit details pls.
182. sher e punjab |Apr 30, 2008 1:49:47 PM
hai friends, today numerous calls to me for guiding me on Titagarh again, dear fellows to answer all your querries I have to answer in single word, Just don't sell right now" as i told my dear fellow on On Mobile also, just read my last messages as "Lallu from Bihar" and now sher e punjab all I say that these type of good companies comes at a time when market was down and there was no one to apply in these golden issue including FII and HNI's and now everyone including chittorgarh team was at loss of words as why they have not applied these kinds of golden issues?

Every border known to me congratulate me on my success as i was dead write again as so many times also like MIC electronics, Educomp, ACE infra,and so on. But hold on from now onwards barrage of hefty prized IPO issues are coming once again so investors rate the issue accordingly do not go overboard as in the case of Aiswarya Telecom, where investor were trapped, I know in short term there might be some gain but in longer term your capital will be wiped out in these kinds of issues like SVPCL so beware and hold on to Titagarh at even 775/-
181. Nivesh |Apr 23, 2008 1:17:45 AM
So guys just go and check my message on Grey Mkts Premiun forum posted for titagarh wagons ltd prior to listing day. Then i think you all will come to me to share the knowleadge
180. kk |Apr 22, 2008 10:32:09 PM
yes i have also get refund of difference rs 70
179. Nagaraj M V |Apr 22, 2008 3:36:36 PM
Dear sir, Kindly let me know when you are going to refund the difference amount of Rs. 70/- per share?
178. shareking |Apr 22, 2008 3:15:25 PM

I got 10 shares and booked profit at 720 today...
177. kumar |Apr 22, 2008 1:00:32 PM
Hi Guys,
I got 160 shares in this IPO and have booked my profit yesterday at an average price of 690... I am happy with the absolute gains and hence i did this ...moreover i do not want to loiter along for while in this dicey market...
A sincere request to all if you are not sure about how the
IPO will do please do not post anything that deters the ones who are willing to...
Another request to the ones who get into such stories ..please beleive in yourself and take a risk accordingly...

Just an example the total income and PAT of this company lloked excellent so just don't go by baseless opinions...anyway its your money and you plan its growth...

All the best folks.... KIRI Dyes well done.....
176. Youmax |Apr 21, 2008 9:02:11 PM
baba irb ka kya kahana hai muja bata na
175. Youmax |Apr 21, 2008 9:01:39 PM
baba hum na to kabka kaha tha ka listing acha hoga 900 Rs. ka target hai jyada se jyada in 4 months. gss america dekha thana.
aishwarya ma na to 200 shares maga hai kya wo dega.
174. CHINTAN |Apr 21, 2008 5:30:27 PM
HI FRIENDS CAN NE1 TELL ME WHEN IS KIRI DYES LISTING?????
173. VISHY |Apr 21, 2008 2:08:51 PM
what happened guys? titagarh is moving only between 683 and 689 for the past one hour? will it go up or down? kindly suggest me sher e punjab, lion of gujarat and also others
172. BABA |Apr 21, 2008 12:36:41 PM
BABA NE KYA KAHA THA YAAD KARO.IF LISTING BE BELOW 540 BABA WILL NEVER COME ON THIS SITE.TITAGARGH RE ENTRY LEVEL 640-660.THE STOCK NOW WILL NOT GO BELOW 610(ASSUME STOP LOSS.).12 MONTHS TARGET 1080.BEST OF LUCK.
BABA(MBA(FIN.)AMFI/NSE CERTIFIED.
171. vishy |Apr 21, 2008 12:29:22 PM
hi sher e punjab thanks for sharing your ideas and knowledge with us. if ur guess on kiri dyes work out really, then you are great..
170. SHER E PUNJAB |Apr 21, 2008 12:04:53 PM
HAI ALL, I THINK THE LISTING HAS MADE MANY MY DEAR FRIEND RICH AND PUT SLAP ON THE FACES OF LOTS AND LOTS OF DOOMSAYERS INCLUDING SO MANY ANALYST, I AM NOT SAYING TO BOOK PROFIT OR BUY FROM THE MARKET JUST GO BY YOUR OWN JUDGEMENT AND DECIDE, NO NEWS FROM ME BUT ONE MORE BLOCK BUSTER IS COMING IN THE FORM OF KIRI DYES WHERE FUNDAMENTAL ARE ZERO BUT OPERATOR HAS HIGH INTEREST IN THIS COUNTER SO PLEASE WATCH OUT FOR MY NEXT MESSAGE AND THANKS FOR YOUR UNBELIEVABLE SUPPORT.............BYE
169. naresh |Apr 21, 2008 11:43:30 AM
all doomsayers who predicted that on listing this share will go below 540 how do you feel on the listing price now. It is marching ahead and now at 680. How much loss did short sellers book!!!
168. Denis |Apr 21, 2008 11:36:42 AM
TITAGARH WAGONS touched Rs:705; so investors book profit.
167. Naresh Chellani |Apr 20, 2008 2:48:30 PM
Chittorgarh site moderators please check the symbol. You have mentioned it as "TITAGARHWAG" whereas it is TWL as per NSE circular

Titagarh Wagons Limited

Symbol      TWL
Name of the Company      Titagarh Wagons Limited
Series      EQ
ISIN      INE615H01012
Face Value      Rs.10/-
Paid-up Value      Rs.10/-
Issue Price for the current public issue      Rs. 540/-
Security Description      Equity shares of Rs.10/- each fully paid up
No. of securities      18442115
Distinctive number range      1 to 18442115
Market lot      1
Pari Passu      Yes
Lock in details      As Per Annexure I
166. raj |Apr 20, 2008 11:46:29 AM
listing around 570, still expensive, might not go above 600. use the listing to exit
165. khilan |Apr 19, 2008 11:52:29 PM
titagarh listing on monday 21 st april 2008.
list will over 1000 gain @100%
164. chirag |Apr 19, 2008 6:44:47 PM
i have come to know that one of the director of twl is dafaulter by rbi(www.capitalmarket.com)so it ia advisible to invest money in twl