Tankup Engineers Ltd - IPO

Tankup Engineers Ltd IPO Details

Initial public offer of upto 15,48,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Tankup Engineers Limited (The Company or The Issuer) at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto [*] equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The company may, in consultation with the brlm, offer a discount equivalent of Rs. [*] per equity share to the eligible employees bidding in the employee reservation portion (Employee Discount). The public issue less market maker reservation portion and employee reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the Net Issue. The public issue and net issue will constitute [*]% and [*] % respectively of the post-issue paid-up equity share capital of the company. The company in consultation with the book running lead manager, may consider a pre-ipo placement of up to 1,08,000 equity shares for cash consideration (pre-ipo placement) with the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the book running lead manager. If the pre-ipo placement is undertaken, the number of equity shares issued pursuant to the pre-ipo placement shall be reduced from the issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment in full or in part of certain of its outstanding borrowings. Funding to meet working capital requirements. General corporate purposes.

Tankup Engineers Ltd Contact Details

Tankup Engineers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@tankup.co.in

Website - www.tankup.co.in