Technofab Engineering Ltd (TEL) IPO

Technofab Engineering is provide EPC services Engineering  Procurement and ConstructionTechnofab Engineering Ltd(TEL) is entering into the capital markets with an IPO (initial public offering), The IPO opens on Jun 29 and end for subscription on Jul 02, The company issue nearly 2,990,000 Equity Shares to raise Rs 68 crore-through the IPO issue. Price band is Rs.230 (lower level) to Rs.240 (higher level).
Technofab Engineering is provide EPC services (Engineering Procurement and Construction), and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. TEL 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.

Minimum Order Qty is 25 and Market Lot is 25. Issue Type is Book Building.
The company listing at NSE,BSE.


IPO Grade


Fitch has assigned IPO Grade 3 to the initial public offer of Technofab Engineering Ltd, this indicating company ‘ Average Fundamentals’.
Other Ratings ; Hem Securities – Subscribe. Gupta Equities Pvt. Ltd recommend for Subscribe, Nirmal Bang – Looks expensive, Sushil Finance – Subscribe , LKP Securities Ltd. – Subscribe.

Conduct details

Address: 507, Eros Apartments, 56, Nehru Place, New Delhi 110019

Phone number;. 91-12-92270202 Fax detail;. 91-12-92270201

Email address; ipo@technofabengineering.com

Website Url; http://www.technofabengineering.com

For latest ipo news watch this site

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Which Site Give Guide About Penny Stock?

Which Site Give Guide About Penny Stock? We have included the part on Penny Stocks to create novice traders wise to these types of scams. We have viewed a lot of web ...…

Best Shortterm Investment Options

Best Shortterm Investment Options Generally talking, money market and liquid funds, savings bank accounts, and fixed deposit with bank can be viewed as 'shortterm investment methods' : Savings Bank Account ...…

Who controls the Securities Market?

Who controls the Securities Market? The responsibility for controlling the securities-market is shared by DEA (Department of Economic Affairs), DCA (Department of Company Affairs ), RBI (Reserve Bank of India ...…

Definition for Bond

Definition for Bond A bond is a debt security issued for a period of more than one year with the purpose of raising capital by borrowing. The bonds ...…

Foreign Institutional Investors In India

Foreign Institutional Investors In India Foreign capital flows have come to be acknowledged as one of the significant sources of funds for economies that would like to raise at a ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics