Technofab Engineering Ltd (TEL) IPO

Incorporated in 1971, Technofab Engineering Ltd (TEL) is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Technofab provide services to domestic and overseas markets across a number of industrial and infrastructure sectors which includes power, oil & gas, water & waste water treatment and other industrial & infrastructure sectors.

Technofab Engineering provides EPC services for various BoP packages for power, oil & gas and other industrial and infrastructure undertakings. Company also provide EPC services to the main plant for water & waste water treatment projects. TEL has dealt with engineering consultants such as Development Consultants Private Limited (DCPL), Desein Private Limited, FITCHNER Consulting Engineers (India) Private Limited, Mecon, Tata Consulting Engineers, Engineers India Limited, M.N. Dastur, L&T, Sargent & Lundy, Uhde India Private Limited, Toyo Engineering India Limited, SAUR International, BCEOM France, etc. for its various EPC projects.

Objects of the Issue:

The Objects of the Issue are:

1. To meet long-term working capital requirements;

2. To finance the procurement of construction equipment;

3. To set up maintenance and storage facility for construction equipment;

4. For setting up of training centre for employees;

5. For general corporate purposes; and

6. To meet Issue expenses.

Issue Detail:

»» Issue Open: Jun 29, 2010 - Jul 02, 2010

»» Issue Type: 100% Book Built Issue IPO

»» Issue Size: 2,990,000 Equity Shares of Rs. 10

»» Issue Size: Rs. [.] Crore

»» Face Value: Rs. 10 Per Equity Share

»» Issue Price: Rs. - Rs. Per Equity Share

»» Market Lot:

»» Minimum Order Quantity:

»» Listing At: BSE, NSE

Aster Silicates Ltd. IPO

Incorporated in 1996, Aster Silicates Ltd is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. Aster Silicates produce sodium silicate both in glass and liquid form. Food grade sodium silicate is used in the manufacturing of Silica precipitate and Gel which finds its applications in toothpaste, salt, cosmetics, glucose powder, tyre & rubber and pesticides etc. Sodium silicate, (special drilling grade silicate) is also used in off-shore drilling and for reactivation of old oil and gas fields. The sodium silicate manufactured by Aster is also used in water-proofing, infoundries and for investment casting, paper, silica gel, textiles and detergents.

Currently, Aster operate from two units in Gujarat having aggregate installed capacity of 150 MT of glass/day. Unit I has three furnaces with an average combined capacity of 100 MT of glass/day. Unit II has a single furnace with a capacity of 50 mts of glass/day, which is also triple pass regenerative and recuperative end fired glass furnace.

For the proposed project, Company intends to install a special designed triple pass regenerative and recuperative Furnace of 100 MT capacity each capable of working on biogas with a facility of having duel fuel arrangement for working on other fuel like Natural Gas etc. The furnace shall be capable of being operated both manually and automatically, and shall also possess versatility for manufacturing Sodium Silicate in glass and liquid format. For the expansion of manufacturing facilities at Bharuch, company initially intend to use Natural gas from Gujarat Gas Company Limited as a source of fuel. However, gradually, they intend to shift the fuel source to Biogas, and have Natural gas as a standby arrangement.

Company Promoters:

Company’s Promoters are:

1. Mr. Mahesh A. Maheshwari and

2. Mrs. Namrata M. Maheshwari

Company Financials:

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3031.09	3409.13	1699.42	832.76	864.62	815.69
Profit After Tax (PAT)	232.20	254.91	65.79	14.24	(8.61)	35.87

Objects of the Issue:

The object of the issue are:

1. Expansion of Manufacturing facilities;

2. Additional Working Capital Requirements;

3. Public Issue expenses.

Issue Detail:

»» Issue Open: Jun 24, 2010 - Jun 28, 2010

»» Issue Type: 100% Book Built Issue IPO

»» Issue Size: Equity Shares of Rs. 10

»» Issue Size: Rs. 53.10 Crore

»» Face Value: Rs. 10 Per Equity Share

»» Issue Price: Rs. 112 - Rs. 118 Per Equity Share

»» Market Lot: 50 Shares

»» Minimum Order Quantity: 50 Shares

»» Listing At: BSE, NSE