Tarini International Limited, a company with projects geographically well based in India and sub African Continent, proposes to enter the capital markets on 9th June 2014 with a public issue of 39,78,000 equity shares of the face value Rs 10 each. The Issue closes on 13th June 2014.
With an Issue Price fixed at Rs 41 per share, the Company proposes to raise total funds of Rs 1630.98 lacs. After allowing for reservation of 2,01,000 equity shares for market maker, the net issue to the public will be 37,77,000 equity shares. The Issue and net issue will constitute 30.60% and 29.06% respectively of the post issue paid up equity share capital of the Company. The Equity shares are proposed to be listed on the SME platform of the BSE. Guiness Corporate Advisors Pvt Ltd is the Lead Manager for the Issue and Link Intime India Pvt Ltd is the Registrar to the Issue.
Tarini International proposes to utilize part of the net proceeds of the Issue to finance long term incremental working capital requirements and also for brand building. Further, it also proposes to carry out interior and renovation of its registered office and meet general corporate expenses from the funds raised through this IPO.
The Company has been evolved as an engineering arm to provide financial and technical consultancy related to Hydro Power generation, transmission and distribution and infrastructure. Over a period of time, it has been developed as an integrated player providing turn-key services under one umbrella from designing, construction, generation, transmission and distribution. Tarini International is also professionally competent to undertake projects from concept to commissioning. This entire set of activities completes the value chain by providing the synergy of backward as well as forward integration.
Tarini International provides technical consultancy services and pick up assignments for preparation of the Feasibility Reports as well as detailed project reports. It has been quite successful in its endeavors as the Detailed Project Reports submitted to the stringent competent authorities such as HPSEB, Central Design Organization of Narmada water resources, Karnataka Renewable Energy Development Ltd and Gujarat Irrigation department. Gujarat has extended appreciations with rave reviews and timely approvals to the company.