Tecpro Systems

By Research Desk
about 14 years ago
Tecpro Systems

Tecpro Systems has filed its DRHP with SEBI on 28th August 2007. It has planned a public issue of  73,,00,000 equity shares of Rs 10 each for cash at a price to be decided through the book building process.  The issue will constitute 22.33 per cent of the fully diluted post issue paid-up capital.


The BRLMS to the issue are SBI Capital Markets and Kotak Mahindra Capital. The share is proposed to be listed on the BSE and NSE.


The company provides total material handling solutions from concept to commissioning which involves design, engineering, manufacture, supply, erection and commissioning of material handling systems, associated structural and civil work, electrical and instrumentation work and auxiliaries like dust control, suppression systems, ventilation systems.


It undertakes turnkey projects of material handling systems and supply material handling equipment for raw material handling in power, cement, steel and other metallurgical plants, coal storage and reclaiming plants, biomass handling plants, aggregate process plant for mineral processes.


The company manufactures and sells crushers, screens and feeders for various applications. Its core business comes from the steel, cement and power sectors in India.


For the year ended 31st March 2007, the company reported sales of Rs 229.96 crore and net profit of Rs 21.08 crore.


The company is now planning on quite a large project. It is planning to set up a design and engineering center, at an estimated cost of Rs 33 crore. Some money will be used for expansion of existing manufacturing facilities, earmarked at Rs 8.66 crore. It is also planning to set up plant to manufacture conveyor belts at Rs 6.6 crore. It is also planning to invest Rs.17.85 crore in its subsidiary for setting up of power plant. It has estimated working capital enhancement at Rs.22 crore.





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