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March 16, 2008

Titagarh Wagons Limited - IPO

Titagarh Wagons Limited


24-Mar to 27-Mar 2008

Size (Equity Shares)



100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 540 to Rs 610

Market Lot 


Max shares Retails investor can apply at cut off



Karvy Computershare Pvt Ltd

Registrar's email 


Lead Manager 

Kotak Mahindra Capital Company Ltd





About the company 

Incorporated in 1997, Titagarh Wagons Limited is leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.

They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. Market share - 22% in the wagon manufacturing segment

Titagarh Wagons Limited goals to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.

Objects of the Issue

Set up an EMU manufacturing facility at our Uttarpara unit; Modernise and expand our existing facilities at our Titagarh and Uttarpara units; Set up an axle machining and wheelset assembly facility at our Uttarpara unit; Construct a corporate office and a design cum research and development office; Strategic acquisition or investments; Brand building exercise; General corporate purposes.

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