Company: Technofab Engineering.
Date: June 29, 2010 to July 02, 2010 Price Fixed: Rs 230 to Rs 240 per share.
Minimum quantity for application: 25 Minimum Investment Amount = Rs 5750.
Maximum shares an retail investor can apply = 400 to 425.
About the company: This company was started in 1971 and they are primarily engaged in Engineering, Procurement and Construction (EPC) projects.
They have executed a huge range of BOP (Balance of Plant) and Electromechanical Projects.
They undertake most of the projects on a turnkey basis.
They provide Engineering, Procurement and Construction services to their customers who are located in the domestic as well as the international market.
Most of their clients are from power, oil and gas and infrastructure sectors.
They also undertake waste water treatment projects.
IPO Funds: The funds raised from this Initial Public Offer is mainly used for the working capital.
This amount will also be used for the purchase of equipments required for the EPC projects.
The existing shareholders will also get some good cash flow as this money will be available.
There are various recommendations given by various brokerage houses.
The company has good order books and they have good project execution capabilities.
They have performed well in the previous years.
Some of the rating agencies have given their ratings for this Initial Public offer.
Next Step - Should you invest in this IPO? You should analyze the ratings and research reports given by the brokerage houses for this Initial Public Offer and take a decision whether to invest or not.
The research reports and ratings are available in the related websites.