Tecpro Systems plans 73 lakh shares via IPO

Tecpro Systems Ltd is planning an initial public offering through a book built issue of 73,00,000 shares and has filed draft red herring prospectus with SEBI.

The issue will constitute 22.33 per cent of the fully diluted post issue paid-up capital. The book running lead managers are SBI Capital Markets and Kotak Mahindra Capital.

Tecpro Systems undertakes turnkey projects in bulk material handling systems including raw material handling systems for power, steel, cement plants etc.

The company installs conveyor systems and manufactures equipment such as crushers, screens, feeders, conveyor components like Idlers and pulleys and undertakes structural steel fabrication.

Tecpro is promoted by Ajay Kumar Bishnoi, chairman & managing director and Amul Gabrani, vice chairman & managing director.