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Open
24 Mar 2008
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Close
27 Mar 2008
3
Allotment
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Listing
Mon, Apr 21, 2008
Price Band
₹540 to ₹610
Issue Size
23,83,768 shares (agg. up to ₹129 Cr)
Lot Size
10 Shares
Listing Date
Mon, Apr 21, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.80x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Set up an EMU manufacturing facility at the Uttarpara unit | 18.74 |
| 2 | Modernize and expand the existing facilities at the Titagarh and Uttarpara units | 18.84 |
| 3 | Set up an axle machining and wheelset assembly facility at the Uttarpara unit | 12.93 |
| 4 | Construct a corporate office and a research and development centre | 7.00 |
| 5 | Strategic acquisition or investments | 12.50 |
| 6 | Brand building exercise | 2.00 |
| 7 | General corporate purposes | 31.15 |
| 8 | Issue expenses | 8.51 |
About Titagarh Wagons IPO
Incorporated in 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. They had approximately 16.9% market share in the wagon manufacturing segment in Fiscal 2006, which has further increased to approximately 22.1% in Fiscal 2007.Titagarh Wagons Limited are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.+ Read More
Contact Details
Titagarh Wagons Ltd. AddressPremlata, 4th Floor39, N.I.TShakespeare SaraniKolkata, West Bengal, 700017+ 91-33 2283 4467investors@titagarh.bizVisit Website