Techpro Systems IPO

Techpro Systems IPO will be issued by Techpro Systems (TSL) which is engaged in taking up turnkey projects in the systems of bulk material handling. The total size of the issue of Techpro Systems IPO will be around Rs. 250 crores approximately.

A glance at Techpro Systems IPO:

Techpro Systems IPO will be launched by the company Techpro Systems (TSL) and the total size of the issue will be worth about Rs. 250 crores approximately. Techpro Systems (TSL) plans to enter the Indian capital market with its Techpro Systems IPO which will be a book built issue.

Techpro Systems IPO will consist of 7,300,000 equity shares and it will comprise of around 22.33% of the paid- up post issue capital of Techpro Systems (TSL).

The company has filed with SEBI its Draft Red Herring Prospectus in order to issue Techpro Systems IPO. The lead arrangers of Techpro Systems IPO are SBI and Kotak. Techpro Systems IPO is expected to be issued in the last week of January, 2008. Techpro Systems IPO will ensure that the company will have enough funds to take up developmental work and also to expand its operations.

An overview of Techpro Systems (TSL):

Techpro Systems (TSL) is engaged in undertaking projects of turnkey in systems bulk material handling that includes handling raw material systems for cement plants, power, and steel. Techpro Systems (TSL) manufactures various equipments like feeders, crushers, and screens and it also sets up conveyor systems. The company also manufactures equipments like conveyor components such as pulleys and idlers. Further it undertakes fabrication of structural steel.

The Managing Director and Chairman of Techpro Systems (TSL) is Mr. Ajay Kumar Bishnoi and the Vice Chairman is Mr. Amul Gabrani. The company has received the award ICICI CNBC Emerging India 2007 in the category of infrastructure which has been powered by CRISIL.