The Issue Price (has been determined and justified by the BRLM and our Company as stated under the paragraph on "Basis for Issue Price") should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed.
The floor price is times of the face value and the Cap Price is times of the face value. The face value of the Equity Shares is Rs.10 per Equity Share. For details in this regard, please refer the section titled “Issue Procedure” beginning on page 208 RISKS IN RELATION TO THE FIRST ISSUE This being the first issue of Equity Shares of our Company, there has been no formal market for the Equity Shares of our Company. Any bidder may participate in this Issue through the ASBA process by providing the details of their respective bank accounts in which the corresponding Bid amounts will be blocked by Self Certified Syndicate Banks (“SCSBs”). Further, not less than 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. This Issue is being made through the 100% book building process wherein upto 50% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds and the remaining QIB portion shall be available for allocation on proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Any revision in the Price Band, and the revised Bidding/Issue Period, if applicable, shall be widely disseminated by notification to the Bombay Stock Exchange Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE”), by issuing a press release and also by indicating the change on the website of the Book Running Lead Manager (“BRLM”) and at the terminals of the other members of the Syndicate. In case of revision in the Price Band, the Bidding/Issue Period shall be extended for three additional working days after such revision, subject to the Bidding/ Issue Period not exceeding 10 working days. THE ISSUE PRICE IS TIMES THE FACE VALUE AT THE LOWER END OF THE PRICE BAND AND TIMES THE FACE VALUE AT THE HIGHER END OF THE PRICE BAND. PER EQUITY SHARE OF FACE VALUE RS.10 EACH. to the Issue Price determined pursuant to completion of the Book Building Process has been offered to Eligible Employees (the “Employee Discount”) PRICE BAND: RS. THE NET ISSUE WILL CONSTITUTE 28.03% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY. THE ISSUE WILL CONSTITUTE 28.50% OF THE POST ISSUE PAID- UP EQUITY CAPITAL OF OUR COMPANY. 10 EACH (THE “NET ISSUE”) FOR CASH AT A PRICE OF RS. LAKHS AND A NET ISSUE TO THE PUBLIC OF 29,40,000 EQUITY SHARES OF RS. 10 EACH FOR ELIGIBLE EMPLOYEES (THE “EMPLOYEE RESERVATION PORTION”) FOR CASH AT A PRICE OF RS. THE ISSUE COMPRISES OF A RESERVATION OF 50,000 EQUITY SHARES OF RS. 10 EACH OF TECHNOFAB ENGINEERING LIMITED (THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF RS. Nakul Gupta PUBLIC ISSUE OF 29,90,000 EQUITY SHARES OF FACE VALUE OF RS. Paresh Kumar Singh, Company Secretary and Compliance Officer E-mail: Website: Promoters of our Company: Mr. Corporate Office: Plot 5, Sector 27-C, Mathura Road, Faridabad 121 003, Haryana, India Telephone: +91 1 Facsimile: +91 1 Contact Person: Mr. For changes in the registered office, please refer the section titled “History and Certain Corporate matters” beginning on page 106 of this Red Herring Prospectus. Registered Office: 507, Eros Apartments, 56, Nehru Place, New Delhi 110 019, India.
The RoC accordingly altered the Certificate of Incorporation to that effect on May 7, 2003. Our Company became a public limited company pursuant to the enactment of the Companies (Amendment) Act, 2000 and a special resolution passed by our Company on June 24, 2002. Our Company became a deemed public limited company in terms of Section 43A (1A) of the Companies Act, 1956 with effect from January 4, 1989. RED HERRING PROSPECTUS Dated JPlease read Section 60B of the Companies Act, 1956 100% Book Built Issue TECHNOFAB ENGINEERING LIMITED Our Company was incorporated on Jin New Delhi as Technofab Engineering Private Limited under the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”).
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