Transformers and Rectifiers IPO

Transformers and Rectifiers IPO was issued on 7th December, 2008 and closed on 12th December, 2008. Transformers and Rectifiers IPO has been issued at the price band that is between Rs. 425 and Rs. 465 each equity share.

A glance at Transformers and Rectifiers (India) Limited:

Transformers and Rectifiers (India) Limited is one of the leading companies in the Indian market that produces a wide range of transformers like industrial transformers, transmission, power generation, and distribution transformers.

An overview of Transformers and Rectifiers IPO:

Transformers and Rectifiers IPO was issued on 7th December, 2008 and closed on 12th December, 2008. The price band of Transformers and Rectifiers IPO was fixed between Rs. 425 and Rs. 465 each equity share. The total size of the Initial Public Offerings (IPO) was 2,995,000 equity shares of around Rs. 10 each through the process of 100% book building.

Transformers and Rectifiers IPO is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The registrar of Transformers and Rectifiers IPO is Intime Spectrum. The lead manager of Transformers and Rectifiers IPO is ENAM Securities. Transformers and Rectifiers IPO has been allotted the grade of 4 by CARE which shows that fundamentals are above average.

Main objectives of Transformers and Rectifiers IPO:

The main objectives of Transformers and Rectifiers IPO are to partly finance the company's requirements of the working capital and also to partly finance the establishment of the proposed greenfield production unit at Moraiya which is situated in Gujarat.