Tecpro Systems to tap Capital Market

Tecpro Systems (TSL), engaged in the business of undertaking turnkey projects in Bulk Material Handling Systems including raw material handling systems for power, steel, cement plants etc., propose to enter the capital market with an initial public offering through a book built issue of 7,300,000 equity shares and has filed its Draft Red Herring Prospectus with SEBI. The issue will constitute 22.33% of the fully diluted post issue paid-up capital of the company.

TSL installs conveyor systems and manufactures equipment such as crushers, screens, feeders, conveyor components like Idlers and pulleys and undertakes structural steel fabrication. TSL has received ICICI CNBC Emerging India 2007 award powered by CRISIL in the infrastructure category.

TSL is promoted by Mr. Ajay Kumar Bishnoi, Chairman & Managing Director and Mr. Amul Gabrani, Vice Chairman & Managing Director