Tarapur Transformers IPO to open for subscription on April 26, 2010

The Initial Public Offering (IPO) of Tarapur Transformers Limited will open for subscription on Monday - April 26, 2010.

The company is coming out with IPO of 85,00,000 equity shares of Rs 10 each for cash at a price band of Rs. 65 To Rs. 75 through 100% book-building process.

The Minimum Order Quantity is 90 Equity Shares and in multiples of 90 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency CRISIL has assigned CRISIL IPO Grade 1 for the issue.

Comfort Securities Pvt Limited is the Book Running Lead Manager and Syndicate Member to the issue. Bigshare Services Private Limited is the registrar to the company.

The IPO closes for subscription on Wednesday - April 28, 2010.

Source : Equity Bulls

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