EkCrore.net :: Tarapur Trans IPO

April 19, 2010
Tarapur Transformers, part of power engineering solutions provider Bilpower Ltd, has fixed the price band of its IPO between Rs 65 and Rs 75 per share.

The issue opens on April 26 and will close on April 28, Tarapur Transformers said at a public announcement. The company is coming out with IPO of 85 lakh shares. The public issue is based on a 100% book building process.

The major portion 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, it is at 73.5%, Bilpower stake and it will come down to 41.5% approximately.