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Transformers and Rectifiers IPO Allotment Status is Ready , Transformers & Rectifiers India Ltd IPO was oversubscribed by 91.31 times .
TRIl IPO allotment status can be checked from here.
TRIL IPO Allotment would be lottery based as retail is subscribed by 58.61 times and on the whole is subscribed by 91.31 times.
Total Issue Size 2995000
Total Bids Received 273474285
Total Bids Received at Cut-off Price 47501280
No. of times issue is subscribed 91.31
Subdivision
1 Qualified Institutional Buyers (QIBs) 1707000 188674050 110.5296
2 Non Institutional Investors 284500 34622610 121.6963
3 Retail Individual Investors (RIIs) 853500 50027460 58.6145
4 Employee Reservation 150000 150165 1.0011
TRIL IPO today closed and got oversubscribed by 89 times and retail may be around 20 times , so for full application of 97000 one can expect some allotment .Retail figures are not yet out .
Total Issue Size 2995000
Total Bids Received 265568565
Total Bids Received at Cut-off Price 39718740
No. of times issue is subscribed 88.67
TRIL IPO subscribed by 17.8 times by 1.00 clock , TRIL which dint have much subscription yesterday have very good closing today it might go until 50 times for sure.
Transformers and Rectifiers (India) IPO was subscribed 4.27 times on third day. The issue received bids for 1.27 crore shares as against 29.95 lakh lakh shares on offer. Retail side is subscribed by 3.6295
Total Issue Size 2995000
Total Bids Received 12790185
Total Bids Received at Cut-off Price 2836545
No. of times issue is subscribed 4.27
Transformers and Rectifiers (India) Limited subscribed by 1.89 times on the end of 4th day this also has just 2 days to go and for sure this will reach 50 times on the closing day .
Total Issue Size 2995000
Total Bids Received 5656410
Total Bids Received at Cut-off Price 1081680
No. of times issue is subscribed 1.89
Retail side his subscribed by 1.3777 times
Transformers & Rectifiers IPO - Opening tomorrow December 7th 2007
Issue Period : December 07, 2007 to December 12, 2007
Issue Size 2995000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs 425 to Rs 465
Tick Size Re. 1/-
Market Lot 15 shares
Minimum Order Quantity 15 shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Transformers and Rectifiers (India) Limited IPO will enter the capital market on December 7, 2007, with an initial public offering of 29,95,000 Equity Shares of Rs 10 each for cash at a premium to be decided through a 100% Book-Building Process (the “Issue”). The Issue will open for subscription on December 7, 2007 and close on December 12, 2007. The price band has been fixed between Rs 425 and Rs 465 per Equity Share. The Issue size ranges between Rs 1,272.88 million (at the lower end of the price band) and Rs 1,392.68 million (at the upper end of the price band).
FinancialsIn Crores
For the year ended March 31, 2005
Total Income 76 and
PAT 4
2006
Total Income 131 and
PAT 8
2007
Total Income 221 and
PAT 18
*More analysis before the IPO opens.
About Transformers & Rectifiers
Established in 1981, Transformers & Rectifiers (I) Limited has consolidated its position in the Indian Transformer Industry as a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. An ISO 9001:2000 company today, T & R as it is more popularly known, is proud to have executed a number of prestigious orders from developed countries such as Canada and the United Kingdom.
Transformers & Rectifiers IPO Details
They have filed its red herring prospectus (RHP) with the registrar of companies in Ahmedabad for its initial public offering (IPO) of 2,995,000 equity shares of Rs 10 each for cash at a premium to be decided through a 100% book-building process.The price band has been fixed between Rs 425 and Rs 465 per equity share. The issue has been graded by CARE and has been assigned the “CARE IPO Grade 4″ indicating above average fundamentals.
DRHP prospectus can be download from here.