Tuesday, December 4, 2007

Transformers & Rectifiers India Ltd - IPO opening on Dec 07

Incorporated in 1981, Transformers & Rectifiers India Ltd is in the manufacturer of a wide range of transformers. They currently operate through two manufacturing units in Gujarat, located at Changodar, near Ahmedabad and Odhav, in Ahmedabad.

Transformers & Rectifiers India Ltd is entering in the capital markets with an initial public offering, IPO of 2,995,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
 
The price band for the issue has been fixed at Rs. 425/- at lower level and Rs. 465/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 07, 2007, and closes for subscription on Dec 12, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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