Tarapur Transformers Limited, which listed on the exchanges today, closed at a discount of 24.13% on the BSE, i.e. at Rs.56.90 per equity share as against an Issue Price of Rs.75/- per equity share. Earlier, the share had listed on its Issue Price of Rs.75/- and touched an Intra-day High of Rs.97.50 and an Intra-day Low of Rs.54.10 on the BSE

On the NSE, the share listed at Rs.75/-, touched an Intra-day high of Rs.97.45, and an Intra-day low of Rs.54.30 and finally closed at Rs.55.20 on the listing day


Tarapur Transformers IPO, which closed for subscription today, on Wednesday, April 28, 2010, was subscribed 1.74 times on an overall basis. Retail Category had received bids for 8146620 Equity Shares as against 2975000 Equity Shares reserved for the Category, thus making the category oversubscribed by 2.74 times. [Click here to check out Tarapur Transformers IPO Subscription Status (Final)]

Tarapur Transformers, which listed today, has opened at its Issue Price of Rs.75/- per equity share. Earlier, the IPO, which closed for subscription on Wednesday, April 28, 2010, was finally subscribed 1.74 times on an overall basis

Tarapur is engaged in the business of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power and distribution transformer, rectifier transformer, furnace duty transformer, electric locomotive transformer, electric traction substation transformer, dry type transformer, potential transformer, special purpose transformers. 

Stay tuned for Tarapur Transformers Ltd. Listing Day Summary

The Equity Shares of Tarapur Transformers Ltd., will be listed and admitted to the dealings on the Exchanges with effect from Tuesday, May 18, 2010. Tarapur Transformers IPO, which closed for subscription on Wednesday, April 28, 2010, was finally subscribed 1.74 times on an overall basis. However, there was a feeble subscription from the QIB Category, which is subscribed only 0.03 times. Following are the other Listing Details:

Tarapur Transformers Limited IPO Listing Dates and Info:
ISIN: INE747K01017
IPO Listing Date: Tuesday, May 18, 2010
BSE Script Code: 533203
NSE Symbol: TARAPURTL
Listing in: 'B' Group of Securities
Issue Price: Rs.75/- per equity share

Tarapur Transformers IPO Allotment Status is now available online

Click here to check your status now

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

Tarapur Transformers IPO, which closed for subscription today, i.e. on Wednesday, April 28, 2010, has been finally subscribed 1.74 times on an overall basis. However, there has been a feeble subscription from the QIB Category, which is subscribed only 0.03 times

Retail Category has received bids for 8146620 Equity Shares as against 2975000 Equity Shares reserved for the Category, thus making the category oversubscribed by 2.74 times

Click here to check out Tarapur Transformers IPO Subscription Status (Final)

QIB: 0.03 times
Non-Institutional Investors: 5.08 times
Retail: 2.74 times
Overall: 1.74 times

QIB: 0.00 times
Non-Institutional Investors: 5.61 times
Retail: 0.88 times
Overall: 1.15 times

Tarapur Transformers IPO, which opened for subscription today has been bid 90% on its opening day, with chief bidding being received in the HNI Category which is overbid 4.17 times and no bid having been received in the QIB Category. Following is the bidding status as on the first day:

Tarapur Transformers IPO Bidding Status on Day 1, i.e. Monday, April 26, 2010 1700 hrs IST:
QIB: 0.00 times
Non-Institutional Investors: 4.17 times
Retail: 0.80 times
Overall: 0.90 times

Credit Rating Agency CRISIL has assigned an IPO Grade 1 to Tarapur Transformers IPO. This implies that as per CRISIL, the company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

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



Comfort Securities Pvt. Ltd. is the Book Running Lead Manager and Bigshare Services Pvt. Ltd. is the Registrar to the Issue

The objects of the Issue are:
1. Expansion and Modernization of Pali Unit;
2. To part-finance incremental working capital requirements;
3. To part-finance the acquisition of business;
4. To part –finance the marketing and corporate branding expenses;
5. To part –finance the general corporate Expenses;
6. To meet the expenses of the Issue

Issue Size: 8,500,000 Equity Shares of Rs.10/- each
Issue Opens on: Monday, April 26, 2010
Issue Closes on: Wednesday, April 28, 2010
Price Band: Rs.65/- to Rs.75/- per equity share
Bid Lot: 90 Equity Shares and in multiples thereof
Lead Manager: Comfort Securities Pvt Ltd
Registrar: Bigshare Services Pvt. Ltd.

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