Tecpro Systems, a company which offers turnkey solutions to construction and engineering companies and provides material handling and material moving systems at construction and plant level for steel, power and cement sectors has filed its draft offer document with the Securities and Exchange Board of India.This is Tecpro’s second attempt at going public, the first being in 2007.
The IPO will constitute 14.96 percent of the company's post-offer share capital. Of the 7.55 million equity shares on offer, 1.3 million equity shares are being offered by way of an offer for sale by Mauritius-based Metmin Investments Holdings. Back in 2007, AZB’s Delhi office led by Senior Associate Ashwin Chikkamath had advised and assisted Tecpro. However, this time around the Delhi office of Amarchand is advising Tecpro in relation to the IPO.