08 Jun 07 Roman Tarmat Limited IPO
Roman Tarmat Limited is all set to tap the capital markets with an IPO opening on 12 June 2007. Roman Tarmat Limited is a leading Mumbai based runway and highway construction company. The main strength of Roman Tarmat Limited is its management. The top level management of Roman Tarmat Limited have vast experience in the construction industry. Roman Tarmat Limited also has an excellent client base and a huge oustanding order book. This gives good earnings visibility for Roman Tarmat Limited. The Roman Tarmat IPO opens for subscription on Tuesday, 12 June 2007 and closes for subscription on 19 June 2007. Roman Tarmat Limited has priced its IPO between Rs. 150 and Rs. 175 and the IPO lot size is 25 shares. The Issue size of Roman Tarmat IPO is about 50 crores. To put things into perspective, the issue size of DLF IPO which opens for subscription on the same week as Roman Tarmat IPO, is about 190 times that of Roman Tarmat IPO. Roman Tarmat Limited has a track record of profitability for the past 15 years and this makes the Roman Tarmat IPO very attractive. The proceeds from the IPO will be used by Roman Tarmat Limited to acquire capital equipment such as hydraulic excavator, soil compactor, motor grader and tipper for construction of runways and highways. Post IPO, the shares of Roman Tarmat Limited will be listed on the stock exchange, Mumbai (BSE) and National stock exchange (NSE). The lead managers for Roman Tarmat IPO are Allianz Securities Ltd. and Darashaw & Co Pvt. Ltd. The registrar for the Roman Tarmat IPO is Bigshare Services Pvt Ltd. For updates on the subscription / oversubscription ratio of Roman Tarmat IPO and to know the allotment status, refund details and listing date of Roman Tarmat IPO, do check this blog regularly.
Roman Tarmat Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Roman Tarmat Limited IPO Issue.
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