Trinity India to file DRHP with SEBI

Trinity India to file DRHP with SEBIPune based Trinity India (TIL), will soon file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market with a public issue of approximately 4.8 million equity shares of Rs 10 a share for cash at a price to be decided through a 100% book-building process. Trinity India is engaged in the business of manufacture, sale and export of Auto Components for customers in India and overseas. It manufactures all types of Movable Machinery Plants, Machinery, Forging Items for automobile and non auto industry. The company plans to use the proceeds of the issue for expansion of forging capacity for expansion of forging capacity at Shikrapur (Phase I) and Pune (Phase II) units apart from normal, to part-finance incremental working capital requirement as also to meet general corporate and issue related expenses.

The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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