Transpact Enterprises Ltd is a biotechnology startup located in Maharashtra. The company has engaged in technical innovations and interventions to improve their products. Mainly, it works on develops, designs, and distributes vestibulator, a therapeutic device. Transpact Enterprises Limited Company has announced its upcoming IPO named as Transpact IPO.
The Transpact IPO opens for subscription on 26th August and will be closed on 28th August. The IPO raised about Rs 1.35 crore. Offered a total of 104,000 equity shares to investors and promoters. TEL has been fixed the price band at Rs 130 per equity share.
Transpact IPO Details
|Issue Open||Aug 26, 2019 – Aug 28, 2019|
|Issue Type||Fixed Price Issue|
|IPO Size||104,000 eq shares of Rs 10 (aggregating up to Rs 1.35 cr)|
|Face Value||Rs 10 per equity share|
|Issue Price||Rs 130 Per Equity Share|
|Market Lot||1000 shares|
|Min Order Quantity||1000 Shares|
|Listing At||BSE SME|
This time, TEL offered a Fixed type issue. The size of the IPO is 104,00 equity shares of the face value of Rs 10 per equity share aggregating up to Rs 1.35 crores. The company has been fixed a market lot at 1000 shares and the Minimum order quantity is Rs 1000 shares. As of draft prospectus, It has proposed to be listed at the SME platform of BSE. It is spending up to Rs 0.30 crore for this issue. The Issue will lead manage by Aryaman Financial Services Limited. The Issue offered 49,000 shares to Retail Individual Investors and another 49,000 shares to Non-Institutional investors.
Objects of the Issue:
The Objects of the Net Issue is to raise funds for:
- Redemption of Preference Shares
- Acquisition of R & D facility and Registered Office on a long term basis
- General Corporate Purpose
Transpact Enterprise Ltd IPO Promoter Holding
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||73.11%|
Transpact IPO Subscription Status
|1||Aug 26, 2019, 18:49||0.67x||1.00x||0.84x|
|2||Aug 27, 2019, 18:49||0.82x||1.14x||0.98x|
|3||Aug 28, 2019, 18:49||0.90x||1.37x||1.13x|
By using the subscription status, you will know if the IPO subscribed or not. May Investors can only make bidding for IPO shares in between 10 AM to 5 PM after opening the Issue.
Transpact Initial Public Offering Shares Offered
Listing Details of Transpact Enterprises
|Listing Date||Thursday, September 5, 2019|
|BSE Script Code||542765|
|Issue Price||Rs 130 per Equity Share|
|Face Value||Rs 10 per Equity Share|
Transpact IPO Prospectus
Transpact IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.