Technofab Engineering IPO to list today - Indian IPO Blog

Friday, July 16, 2010

Technofab Engineering IPO to list today

The Equity Shares of Technofab Engineering Ltd. will be listed on the Exchanges today. The Issue Price for the IPO was fixed at the upper end of the price band at Rs.240/- per equity share. The Price Band for the IPO was Rs.230/- to Rs.240/- per equity share

The IPO of Technofab Engineering IPO was oversubscribed by a remarkable 12.78 times on an overall basis. The IPO had managed to garner a magnificent response from the HNI Category, which was overbid 48.85 times. The Retail Category was oversubscribed 10.03 times

Technofab Engineering IPO had opened for subscription from Tuesday, June 29, 2010. The Company engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Credit Rating Agency Fitch Ratings had assigned an IPO Grade 3/5 to the proposed Initial Public Offer (IPO) of Technofab Engineering Ltd. (Click here for more on Technofab Engineering IPO Rating)

More Posts on Technofab Engineering IPO:
- Technofab Engg IPO - Subscription Statistics
- Technofab Engineering IPO Final Subscription Status
- Techofab Engineering IPO oversubscribed more than 12 times
- Technofab Engineering IPO Bidding Status on Day 3
- Technofab Engineering IPO bid about 15% till Second Day
- Technofab Engineering IPO Details

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