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PG Electroplast IPO is a book built issue of Rs 120.65 crores.
PG Electroplast IPO bidding started from September 7, 2011 and ended on September 12, 2011. The shares got listed on BSE, NSE on September 26, 2011.
PG Electroplast IPO price band is set at ₹190 to ₹210 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹6,300.
Almondz Global Securities Limited is the book running lead manager of the PG Electroplast IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to PG Electroplast IPO RHP for detailed information.
| IPO Date | September 7, 2011 to September 12, 2011 |
| Listing Date | September 26, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹210 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 5,745,000 shares (aggregating up to ₹120.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,669,332 |
| Share holding post issue | 16,414,332 |
PG Electroplast IPO offers 5,745,000 shares. 2,872,500 (50.00%) to QIB, 861,750 (15.00%) to NII, 2,010,750 (35.00%) to RII. 67,025 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 960 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,872,500 (50.00%) | NA |
| NII (HNI) Shares Offered | 861,750 (15.00%) | |
| Retail Shares Offered | 2,010,750 (35.00%) | 67,025 |
| Total Shares Offered | 5,745,000 (100%) |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,300 |
| Retail (Max) | 31 | 930 | ₹195,300 |
| Lot Size Calculator | |||
The promoters of the Company are:
1. Mr. Promod Gupta
2. Mr. Anurag Gupta
3. Mr. Vishal Gupta
4. Mr. Vikas Gupta
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 65% |
Incorporated in 2003, PG Electroplast Ltd is in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India
Broadly PG Electroplast manufactures products as color television sets (CTV) & components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties. PG Electroplast also do plastic injection moulding and manufacture Printed Circuit Boards (PCB) assemblies for CTVs, DVD players and CFL.
Company has four operational manufacturing facilities located at Greater Noida in Uttar Pradesh, at Roorkee in Uttrakhand, and at Ahmednagar in Maharshtra.
| KPI | Values |
|---|---|
| ROCE | 31.36% |
| RoNW | 41% |
The proceeds from the proposed Issue of shares are intended to be deployed for:
1. Prepayment of the portion of term loan and line of credit facility proposed to be availed by the Company for the expansion under Phase I
2. Expansion of the manufacturing facility at Unit III, Greater Noida
3. Expansion of the manufacturing facility at Unit IV, Ahmednagar
4. Meeting long term working capital requirements
5. General corporate purposes; and
6. Issue expenses
[Dilip Davda]
On fully diluted equity post this IPO, the EPS stands at Rs.10.22 and on this basis, the issue is priced at a P/E of 18.6 to 20.5 based on lower and upper price band. Considering NAV of Rs. 40.92 as on 31.3.2011, the asking price is at an average of 4.9 P/BV. The issue looks aggressively priced and hence worth giving a miss.
Read detail review...The PG Electroplast IPO is subscribed 1.34 times on September 12, 2011 5:00:00 PM. The public issue subscribed 1.64 times in the retail category, 0.98 times in the QIB category, and 1.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.98 |
| NII | 1.84 |
| Retail | 1.64 |
| Total | 1.34 |
CARE has assigned an IPO Grade 3 to PG Electroplast IPO. This means as per CARE, company has ' Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read PG Electroplast IPO Report
| Listing Date | September 26, 2011 |
| BSE Script Code | 533581 |
| NSE Symbol | PGEL |
| ISIN | INE457L01011 |
| Final Issue Price | ₹210 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹210.00 |
| ₹200.00 |
| ₹175.05 |
| ₹490.00 |
| ₹411.65 |
| NSE |
|---|
| ₹210.00 |
| ₹215.00 |
| ₹176.00 |
| ₹484.40 |
| ₹415.30 |
PG Electroplast Limited
14/39, Shakti Nagar
New Delhi, India
110007
Phone: +91-11-23844809
Email: ipo@pgel.in
Website: http://www.pgel.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pg.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
PG Electroplast IPO is a main-board IPO of 5,745,000 equity shares of the face value of ₹10 aggregating up to ₹120.65 Crores. The issue is priced at ₹190 to ₹210 per share. The minimum order quantity is 30 Shares.
The IPO opens on September 7, 2011, and closes on September 12, 2011.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The PG Electroplast IPO opens on September 7, 2011 and closes on September 12, 2011.
PG Electroplast IPO lot size is 30 Shares, and the minimum amount required is ₹6,300.
You can apply in PG Electroplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for PG Electroplast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PG Electroplast IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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