Tarapur Transformers IPO opens from Monday, April 26, 2010 - Indian IPO Blog

Monday, April 19, 2010

Tarapur Transformers IPO opens from Monday, April 26, 2010

Tarapur Transformers Ltd., a subsidiary of Bilpower Ltd., is entering capital markets with an IPO which opens from Monday, April 26, 2010. Bilpower Ltd. currently holds 73.50% stake in the company, which would be reduced to 41.46% post the issue

Tarapur Transformers Ltd., an ISO 9001:2000 certified company, was established in 1988 and is currently engaged in the business of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power & distribution transformer, Rectifier Transformer, Furnace Duty Transformer, Electric Locomotive Transformer, Electric Traction substation Transformer, Dry type transformer, Potential Transformer, Special purpose transformers

The IPO would remain open for subscription till Wednesday, April 28, 2010. The price band for the IPO is set at Rs.65/- to Rs.75/- per equity share, having a Face Value of Rs.10/- each. Comfort Securities Pvt. Ltd. is the Book Running Lead Manager and Bigshare Services Pvt. Ltd. is the Registrar to the Issue

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