BS TransComm IPO opens; should you subscribe?

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BS TransComm IPO opens; should you subscribe?

The initial public offering of BS TransComm (BSTL), a manufacturer of towers for telecommunication and power sectors, has opened for subscription with 76,79,410 equity shares.

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The initial public offering of BS TransComm (BSTL), a manufacturer of towers for telecommunication and power sectors, has opened for subscription with 76,79,410 equity shares at a price band of Rs 257-266 a share.

BS TransComm is engaged in the business of providing a range of services to telecommunication infrastructure providers for setting up their passive infrastructure and to power transmission companies for setting up their transmission lines and sub-stations.

The company has a manufacturing capacity of 1,20,000 MTPA with a backward integrated structural steel plant supporting the raw material required for tower manufacturing. It is currently undertaking a project to expand the manufacturing capacity to 240,000 MTPA.

Investment Advisor, SP Tulsian said BS TransComm should be giving good returns to the investors, if can be held for 6-12 months. "This is a very interesting story. They are into providing telecom tower infrastructure and the power transmission tower. In fact both have been growing quite well and in fact they have created their significance presence. Now of the remote site management system where they will be giving the operational cost efficiency and looking to the expansions having carried out by the company from 36,000 to 1,20,000 tonne per annum, the current year, FY11, should be quite interesting. Though in FY10 they had a topline of over Rs 500 crore with EPS of close to Rs 17, but in Q1 of FY11 the performance has really improved significantly because of the phase one implementation of the expansion," he explained.