Technofab Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,470,000 (49%) | — | ₹3,528 Cr |
| NII (HNI) | — | 441,000 (15%) | — | ₹1,058 Cr |
| Retail | — | 1,029,000 (34%) | — | ₹2,470 Cr |
| Employee | — | 50,000 (2%) | — | ₹12 Cr |
| Σ Total | — | 2,990,000 (100%) | — | ₹71,760 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,000 |
| Retail (Max) | 13 | 325 | ₹78,000 |
| S-HNI (Min) | 14 | 350 | ₹84,000 |
| B-HNI (Min) | 67 | 1,675 | ₹402,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet long-term working capital requirements. – 30.00
- 2 To finance the procurement of construction equipment. – 16.23
- 3 To set up maintenance and storage facility for construction equipment – 4.99
- 4 For setting up of training centre for employees – 5.40
- 5 For general corporate purposes – 9.39
- 6 To meet Issue expenses – 5.62
Company Overview
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.