Tecpro Systems IPO to hit market in a month - Crisil rates 3 out of 5

• Author: rupya
• Filed under: Tecpro Systems IPO
• Date: Nov 7,2007

About Tecpro Systems
Tecpro Systems Limited undertakes turnkey projects in Bulk Solids Handling Systems including, raw material handling systems for power, steel, cement plants etc. Also, Tecpro installs conveyor systems using belt conveyors, slat conveyors, bucket elevators etc., and manufactures equipment such as crushers, screens, feeders, conveyor components like Idlers and pulleys and structural steel fabrication.
TecPro System IPO Info
Tecpro Systems has proposed a public issue of 7,300,000 equity shares targeted at an issue size in the range of Rs 1,000 to Rs 2,000 million.
Crisil Rating for Tecpro systems
CRISIL Research has come out with report on Tecpro Systems IPO. They have assigned a CRISIL IPO Grade 3/5 to the issue.
Tecpro Systems Financials
For the year ended March 2007, TSL’s reported a net profit of Rs 204.4 million on a turnover of Rs 2,313.1 million. This is as compared to net profits of Rs 97.6 million and revenues of Rs 1032.5 million in 2005-06.
IPO Funding Needs
They are raising money to construct a design and engineering center, conveyor belt manufacturing unit, and also to expand the existing infrastructure.