Tecpro Systems to tap Capital Market
Tecpro Systems (TSL), engaged in the business of undertaking turnkey projects in Bulk Material Handling Systems including raw material handling systems for power, steel, cement plants etc., propose to enter the capital market with an initial public offering through a book built issue of 7,300,000 equity shares and has filed its Draft Red Herring Prospectus with SEBI. The issue will constitute 22.33% of the fully diluted post issue paid-up capital of the company.TSL installs conveyor systems and manufactures equipment such as crushers, screens, feeders, conveyor components like Idlers and pulleys and undertakes structural steel fabrication. TSL has received ICICI CNBC Emerging India 2007 award powered by CRISIL in the infrastructure category.
TSL is promoted by Mr. Ajay Kumar Bishnoi, Chairman & Managing Director and Mr. Amul Gabrani, Vice Chairman & Managing Director
Recent IPO Analysis
- Motilal Oswal - Avoid
- Central Bank Lists at Rs 130
- IVR Prime to List on August-16th
- Central Bank India Allotment status
- Avoid Purvankara at Revised Price
- Omaxe Allotment Status Available
- Purvankara Projects-Developers - Avoid
- Central Bank Issue Subscribed 62.07 times
- Central Bank of India - Subscribe
- Zylog + Omnitech heavily over subscribed
