Titagarh Rail Systems has raised Rs 699.9 crore through allotment of 75,02,679 equity shares to the eligible Qualified Institutional Buyers (QIBs) at the issue price of Rs 933 per equity share.
Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased from Rs 25.43 crore consisting of 12,71,71,089 Equity Shares to Rs 26.93 crore consisting of 13,46,73,768 Equity Shares. The Qualified Institutions Placement Committee (the QIP Committee) at its meeting held on December 13, 2023, approved the issue and allotment of the same.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 106.04 |
| Jupiter Wagons | 286.15 |
| Titagarh Railsystems | 741.05 |
| Jessop & Co | |
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