Titagarh Wagons Limited files draft offer document with SEBI for IPO

Titagarh Wagons Limited has filed draft red herring prospectus(DRHP) with SEBI for an Initial Public Offering of equity shares of the company. As per the DRHP, the company is planning a public issue of 2,487,285 equity shares of Rs.10 each for cash at a price to be decided through 100% Book Built Issue.

The issue comprises of fresh issue of shares and an offer for sale of 600,000 equity shares by Mrs.Savitri Devi Chowdhary and Strategic Ventures Funds (Mauritius) Ltd.

The company has reserved upto 15,000 equity shares for eligible employees.

The Company is considering a Pre-IPO Placement of up to 200,000 Equity Shares with certain investors ("Pre-IPO Placement"). The Company will complete the issuance of such Equity Shares prior to the completion of this Issue. If the Pre-IPO Placement is completed, the Issue size offered to the public would be reduced to the extent of such Pre-IPO Placement, subject to a minimum Net Issue size of 10% of the post Issue capital being offered to the public.

The face value of the equity shares is Rs.10 per share. The issue will constitute 15.0% of the post-issue capital. The net issue will constitute 14.9% of post-issue capital.

Kotak Mahindra Capital Company Limited will be the Book Running Lead Manager for the issue.

The company's website is Titagarh Wagons Limited

Click on the link for company's IPO prospectus Titagarh Wagons Limited Prospectus

Source : Equity Bulls

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