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Titagarh Wagons plans to raise up to Rs 250 crore via QIP

10 Jul 2015 Evaluate

Wagon manufacturer Titagarh Wagons is planning to raise up to Rs 250 crore by selling securities to institutional investors. The company has fixed floor price of Rs 104.64 per equity share of face value of Rs 2 each and the QIP has been opened on July 8.

The decision to raise funds through qualified institutional placement (QIP) was taken after approval from its Board of Directors and the nod from shareholders through postal ballot.

Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.

Titagarh Railsystems Share Price

741.05 3.85 (0.52%)
17-Apr-2026 16:59 View Price Chart
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