Transteel Seating Technologies Ltd - IPO

Transteel Seating Technologies Ltd IPO Details

Initial public offer of upto 71,40,000* equity shares of face value of Rs. 10.00 each (Equity Shares) of Transteel Seating Technologies Limited (the Company or the Issuer) for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share (the Offer Price) aggregating to Rs. 49.98 crores (The Offer) comprising a fresh issue of up to 67,84,000* equity shares by the company aggregating up to Rs. 47.49 crores (the Fresh Issue) and an offer for sale of up to 3,56,000* equity shares aggregating up to Rs. 2.49 crores (The Offer for Sale), by Nasreen Shiraz (Promoter Selling Shareholder). The offer shall constitute 35.38 %* of the post-offer paid-up equity share capital of the company. The offer includes a reservation of upto 7,14,000* equity shares aggregating to Rs. 5.00 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of upto 64,26,000* equity shares aggregating to Rs. 44.98 crores (the Net Offer).

Objective of issue

Prepayment/Repayment of Existing Debt Facility. Purchase of Equipments to Facilitate Manufacturing. Working Capital Requirements. General Corporate Purposes.

Transteel Seating Technologies Ltd Contact Details

Transteel Seating Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@transteel.com

Website - www.transteel.com