Titagarh Wagons Ltd IPO

IPO Synopsis

Public Issue of 23,83,768 Equity Shares of Rs.10/- each (Equity Shares) of Titagarh Wagons Limited (TWL or the Company or the Issuer) for Cash at a price of Rs.540/- per Equity Share (including a Share Premium of Rs.530/- per Equity Share), Consisting of a Fresh Issue of 20,68,111 Equity Shares and an Offer for Sale of 3,15,657 Equity Shares by Mrs.Rashmi Chowdhary and Strategic Ventures fund (Mauritius) Limited (the Selling Shareholders), Aggregating Rs.128.72 Crores (the Issue). The Issue Comprises a net Issue to the Public of 23,68,768 Equity Shares (the net issue) and a Reservation of up to 15,000 Equity Shares for Subscription by Eligible Employees (the Employee Reservation Portion). The Issue will constitute 12.9% of our Post-Issue Capital. The net Issue will Constitute 12.8% of our Post-Issue Capital. Issue Price is Rs.540/- per Equity Share of Face Value Rs.10/- The Face Value of the Equity Shares is Rs.10/- per Share. The Issue Price is 54 times the Face Value