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Issue Open Date
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26-Apr-10
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Issue Closing Date
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28-Apr-10
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Application Money
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100
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Allotment Money
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Price Band
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65
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75
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Minimium Application No.
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90
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Issue Size (Shares)
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8500000
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Market Lot
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1
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Objective
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The objects of the Issue are as stated below:1. Expansion and Modernization of our Pali Unit;2. To part-finance incremental working capital requirements;3. To part-finance the acquisition of business;4. To part –finance the marketing and corporate branding expenses;5. To part –finance the general corporate Expenses;6. To meet the expenses of the Issue;
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1275000
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6470910
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5.08
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Qualified Institutional Buyers
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4250000
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133290
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0.03
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Retail Individual Investors
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2975000
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8146620
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2.74
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Business Description
Tarapur Transformers Limited was originally incorporated on 9th day of May 1988 as a Private LimitedCompany in the Name and Style of “Tarapur Transformers Private Limited". The name of the Companywas changed to "Tarapur Transformer Limited" vide special resolution passed by members of theCompany in their Extra Ordinary General Meeting held on 10th March, 2007 and a Fresh Certificate tothis effect was obtained from the Registrar of Companies, Maharashtra on 27th March 2007.Tarapur Transformers Limited was initially promoted by Praful Dharia, Rajesh Kumar Shah, Praful Shah.In year 2006-2007 Bilpower Limited and its promoters acquired the entire voting rights in the Companyfollowed by change in control and thus Bilpower Limited became the promoter of our Company.Our Company is currently engaged in the areas of manufacturing, rehabilitation, up-gradation, andrefurbishment of transformers ranging from power & distribution transformer, Rectifier Transformer,Furnace Duty Transformer, Electric Locomotive Transformer, Electric Traction substation Transformer,Dry type transformer, Potential Transformer, Special purpose transformers. We are one of the players inIndian markets manufacturing & repairing of power & distribution transformers, focusing on quality,timely delivery and customization based on our engineering capabilities without any third partycollaboration or technical assistance.We manufacture Transformers up to 220 KV class, having an installed capacity of manufacturing of1839.40 MVA & repairing of 1800 MVA per annum.We currently operate through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Areavillage Pali, At & PO – Posheri Taluka – Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi,Vadodara. Our Boisar unit mostly undertakes the repairing & refurbishment, rehabilitation & up gradationof transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing oftransformers per annum. Our Pali unit is equipped with modern state of art infrastructure facilities &technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA forrepairing of transformers per annum. Our Vadodara unit is engaged in manufacturing of CurrentTransformers Potential Transformer normally called as CTPT and Distribution Transformers ranging from10 KVa/11Kv to 100KVa/11Kv with installed capacity of 39.40 MVA per annum.Our Promoter i.e. Bilpower Limited is engaged in manufacturing of electrical Lamination (Cold RolledGrain Oriented – Silicon based for transformer Industry), which acts as major raw material inmanufacturing of Transformers. This helps our procurement of raw material in a timely and efficientmanner. Further to this, the proximity of location of Bilpower unit & our Pali unit makes thetransportation cost negligible & carves a niche for ourselves for better pricing of our products.Our core competencies are our in-house technical and design knowledge, skilled workforce and wellequippedmanufacturing facilities, which enables us to manufacture a wide range of transformers, tomeet diverse client requirements.Our Competitive StrengthsWe believe that we are well positioned to sustain and strengthen our position in the markets in which wecompete as well as to exploit significant growth opportunities that exist. We believe the following,among others, are our principal strengths:Experience in designing transformers at optimal costs:Price of a Transformer is dependent on cost of raw material procured; The Transformers repaired &manufactured by our company are cost effective, due to in-house procurement of key raw material fromour promoter company – Bilpower Ltd., which is situated near to our Pali and Boiser units. This reducestransportation cost of procuring the raw material and also our Company gets its major raw material ontimely basis which saves our interest cost. This exploitation of forward and backward linkage reduces thecost of our transformers by approximate 10% to 15% in comparison to other players in the industry
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Back
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Address |
J - 20
M I D C
Tarapur Industrial Area Boisar
Thane
,
Maharashtra
,
401506
Phone :
+91-2525-272996
Email :
Website :
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village
Opp: Yashoda Hospital
Raj Bhavan Road
Somajiguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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Comfort Securities Pvt Ltd.
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Promoters |
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Bilpower Ltd
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Promoter's Holding
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Total Share Capital
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11000000
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Offered to Public
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8500000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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41.46
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