Tata Autocomp Solutions: September 2011
Tata Autocomp Solutions: September 2011
Tata Autocomp Solutions: September 2011
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Key Drivers: Increased drive by global automakers to source locally. Domestic auto industry to grow rapidly with
improvements in infrastructure.
Improving Quality + Low cost of Skilled Manpower + Rapidly growing Design Capability = India emerging as preferred auto component sourcing hub
Leading player in auto component sector with 15% market share. A TATA group company with Mr Ratan Tata as its chairman. 270% increase in turnonver over last 5 years 15 Global partners, 30 plants, 3 Export Oriented Units and 6 Engineering Centers. Serve every OEM and market segment in India with customers in all segments Passenger Vehicles, Commercial Vehicle, Farm Tractor, Two and Three wheelers.
THE ISSUE
An IPO for up to INR 7500 million and an offer for sale aggregating up to 35.627 million equity shares. An 100% book building process To constitute at least 25% of post issue equity share capital IPO- For What? Capex relates to modernization at Maan, Pune and Bengaluru plant and set up of new facility at Pantnagar. Subsidiary investment involves expanding facilities at Pune, Jamshedpur and Pantnagar. Loan repayment includes ECBs, term loan and inter corporate deposits.
Utilization of Net Proceeds 3000 2500 2000 INR 1500 (Mn) 1000 500 0
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