Indo Tech Transformers Ltd - IPO

Indo Tech Transformers Ltd IPO Details

Public issue of 3,945,130 Equity Shares of Rs. 10/- each for cash at a price of Rs. 130/- per Equity Share aggregating to Rs. 51.29 crores(the Issue') by Indo Tech Transformers Limited (Company or Issuer) consisting of fresh issue of 2,956,750 equity shares and offer for sale of 397,480 shares of Rs 10/- each by Mr. P. S. Jagdish and 590,900 shares of Rs. 10/- each by Twenty First Century Management Services Limited (Offerers), The Fresh Issue and the Offer for Sale are jointly referred to herein as the Issue. 50,000 Equity Shares will be reserved in the issue for subscription by eligibleemployees. The Net Issue to the Public is of 3,895,130 Equity Shares of Rs. 10/- each at a price of Rs. 130 per Equity Share aggregating Rs. 50.64 crores (the Net Issue). The Issue would constitute 37.15% of the fully diluted post issue paid up Equity Capital of the Company. The face value of the shares is Rs. 10 and the issue price is 13 times of the face value.Price Rs. 130/- Per equity share of Rs. 10/- eachThe face value of the shares is Rs. 10/- and the issue price is 13 times of the face value

Objective of issue

Relocation & Modernization of Saidapet plant. Setting new Power Transf. plant with 2400MVA/annum. Setting Dry Type Transf. plant with 120 units p.a.. To meet Working Capital requirement.

Indo Tech Transformers Ltd Contact Details

Indo Tech Transformers Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investor@indo-tech.com, investor@prolec-geindia.co

Website - www.indo-tech.com