Technofab Engg IPO.

[superman]

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.

Issue Detail:

Issue Open: Jun 29, 2010 - Jul 02, 2010
Issue Type: 100% Book Built Issue IPO
Issue Size: 2,990,000 Equity Shares of Rs. 10
Issue Size: Rs. 68.77 - 71.76 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 230 - Rs. 240 Per Equity Share
Market Lot: 25 Shares
Minimum Order Quantity: 25 Shares
Listing At: BSE, NSE
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.

 

[superman]

Looks attractive ..I think i will apply this at cutoff
What you guys say ?

 

[alroyraj]

Businesss lIne recommends to invest at the cutoff. Was considering it.Somehow it is notshowing in the Indiabulls PIB online IPO menu,
Only thing is its a small cap some 250 crore it may amount to. Competes with Hindustan Dor Oliver and BGR Energy. Seems good.

 

[magnet]

Its a tough sector to understand presently.....

Ill need to read more about the company...but it doesnt look exciting to me at all as i dont see money coming easily as project may be long time base...

Anyways which other company already present in this field??? I mean competitor

 

[magnet]

Well lot of +ive feedback...But again only 72 crore rupee ipo ...surely it will get oversubscribe..But ill avoid IPO sector for time being as i still feel global economy to be weak ...And this time the sorry state of affair is for Germany......which i dont think bailout of greece and other country will help...

Ill put my money on Bajaj corp ipo rather than other in pipeline.....

Also for gains do check entities on delisting range.....

I missed astrazenaca....I put in my watch list at 850 level...And see today it closed at 20% circuit......Almost 35% gain bus i missed....

Instead of ipo check the delisting bus presently

I missed both boc india and astra zeneca...

Next on list is gillete india ,ineos abs,fairfeild atlas...

Multinational dont want to dilute 25% stake for public and follow strict sebi rules...They already have 1000 of crore rupee...it will be better for them to get delisted.....And work according to their will

 

[magnet]

Out of the total 30 lakh shares ....it got subscribed for only 32 lakhs....

Not so well ...

But still i feel whether it will swing both ways

 

[superman]

Out of the total 30 lakh shares ....it got subscribed for only 32 lakhs....

Not so well ...

But still i feel whether it will swing both ways

Where did you get that data ..??
Inclusive today overall the IPO has been subscribed by 12.7800 times
Retail Individual Investors (RIIs) 10.0300 times
Non Institutional Investors 48.8500 times
Qualified Institutional Buyers (QIBs) 4.2800 times
Employee Reservations 1.1000 times


I think you are quoting non updated subscription details

http://nseindia.com/content/ipo/ipo_current_techfab.htm

 

[superman]

The initial public offering of Technofab Engineering (TEL), which closed today, has received overwhelming response from investors. The issue has been subscribed 12.2 times so far, as per data available on NSE website.

The offering of 29.9 lakh shares has received bids for 3.6 crore equity shares. Non-institutional investors' reserved portion got subscribed 2 times while retail and QIBs remained undersubscribed, till July 01, 2010. Employee's reserved portion was fully subscribed.

Technofab Engg IPO subscribed 12 times

A price band for the issue was at Rs 230-240 a share. The issue constitutes 28.50% of the post issue paid-up equity capital and the net issue 28.03% of the post issue paid-up equity capital of the company.

TEL, which specialises in engineering, procurement and construction services, plans to raise Rs 68.77 crore at the lower end of the price band and Rs 71.76 crore at the upper.

The company 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.

http://www.moneycontrol.com/news/ipo-issues-open/technofab-engg-ipo-subscribed-12-times_467643.html

I have applied this at cut off .. Lets see

 

[magnet]

Ya it was hours before....

i re read now

http://economictimes.indiatimes.com...bscribed-by-110-times/articleshow/6119567.cms

 

[magnet]

Nice listing...As i said...

Either it will have fabulous listing or disappointing listing

Superman did u got the shares????