Saturday, April 24, 2010

Tarapur Trans IPO - Analysis, Subscription, Allotment, Listing

Tarapur Transformers, part of power engineering solutions provider Bilpower Ltd, has come out with an IPO of 85 lakh shares. The public issue is based on a 100% book building process. The issue opens on April 26 and will close on April 28 and the price band of its IPO is between Rs 65 and Rs 75 per share.

The major proceeds from the IPO would go towards capex, which would be approximately Rs 30 crore and Rs 25 crore would be for acquisition of a company and Rs 8 crore would be for incremental working capital requirement. Currently the promoter stake is at 73.5% and it will come down to 41.5% approximately after the IPO.

At the close of the IPO,
QII segment got subscribed by 0.03 times
NII segment got subscribed by 5 times
Retail segment got subscribed by 2.74 times

Click here to check if you have been alloted Tarapur Trans shares!

Tarapur Trans IPO listed flat but closed the day at Rs 56.90, down Rs 18.1, or 24.13%. It touched an intraday high of Rs 97.50 and an intraday low of Rs 54.10. The stock lost more than 40% from day’s high.

Watch out this blog for more details on subscription, allotment and listing!


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