Bilpower’s Tarapur Transformers plans IPO

Power engineering solutions provider Bilpower’s subsidiary Tarapur Transformers is planning to enter capital market with a public offer and would file draft papers with Sebi by next week. Tarapur Transformers Ltd is coming out with an initial public offer (IPO) of 85 lakh equity shares.

In this regard Tarapur Transformers is filing draft red hearing prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) next week, it said. The public issue will be based on a 100 per cent book building process. However, the company didn't disclose financial details in this regard.