Thejo Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 229,800 (47%) | — | ₹988 Cr |
| NII (HNI) | — | 81,900 (17%) | — | ₹352 Cr |
| Retail | — | 161,100 (33%) | — | ₹693 Cr |
| Market Maker | — | 12,300 (3%) | — | ₹5 Cr |
| Σ Total | — | 485,100 (100%) | — | ₹20,859 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 | 300 | ₹129,000 |
| Retail (Max) | 13 | 3,900 | ₹1,677,000 |
| S-HNI (Min) | 14 | 4,200 | ₹1,806,000 |
| B-HNI (Min) | 67 | 20,100 | ₹8,643,000 |
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 Setting up a poly-urethane unit at Chennai – 0.68
- 2 Expansion of existing facility (Unit I) at Chenna – 6.87
- 3 Setting up R&D Unit at Chennai – 2.83
- 4 Setting up a Lining Plant at Chennai – 1.69
- 5 Investment in our Australian Subsidiary, Thejo Australia Pty Limited. – 6.42
- 6 General corporate purposes – 0.71
Company Overview
Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company's services include belt conveyor maintenance and operations.
Company's corporate office and manufacturing units are located in Chennai and they have a wide network of branch and site offices across 14 states. Thejo's international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.