IPO - Initial Public Offers - Thejo Engineering Ltd IPO - Sep 06, 2012 in IPO's & MF's - Issue Price: Rs. 402 - Rs. 430 Per Equity Share
»» Issue Open: Sep 04, 2012 - Sep ...
08-31-2012 12:42 PM
Thejo Engineering Ltd IPO - Sep 06, 2012
Issue Price: Rs. 402 - Rs. 430 Per Equity Share
»» Issue Open: Sep 04, 2012 - Sep 06, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 19.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 300 Shares
»» Minimum Order Quantity: 300 Shares
»» Listing At: NSE
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.
The Promoters of the company are:
1. Mr. K.J. Joseph
2. Mr. Thomas John
Objects of the Issue:
The object of the issue are to:
1. Setting up a poly-urethane unit at Chennai;
2. Expansion of existing facility at Chennai;
3. Setting up R&D Unit at Chennai;
4. Setting up a lining plant at Chennai;
5. Investment in Australian Subsidiary, Thejo Australia Pty Ltd; and
6. General corporate purposes.
CRISIL has assigned fundamental grade of 'SME 5/5' to IPO indicating that the fundamentals of the IPO are excellent as compared to other SMEs in India.
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