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;

Website Url;

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