Transformers and Rectifiers IPO Files for DRHP with SEBI
Transformers and Rectifiers IPO Files for DRHP with SEBI
Transformers & Rectifiers India has filed papers with Securities and Exchange Board of India for its 29.95-lakh share initial public offering.The company plans to take the 100 per cent book building process.Net issue would constitute 22.01 per cent of the fully diluted post issue paid-up capital.The company manufactures transformers up to 220 kV class, having an installed capacity of 7,200 MVA transformers per annum.
Transformers & Rectifiers plans to raise over Rs 96 crore via the public offering to set up green-field transformer manufacturing facility at Moraiya, near Ahmedabad and to part-finance incremental working capital requirements
Reports Economic Times.
