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Power Instrumentation Gujarat IPO is a fixed price issue of Rs 6.15 crores.
Power Instrumentation Gujarat IPO bidding started from April 11, 2018 and ended on April 13, 2018. The shares got listed on NSE SME on April 23, 2018.
Power Instrumentation Gujarat IPO price is ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Power Instrumentation Gujarat IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Power Instrumentation Gujarat IPO RHP for detailed information.
| IPO Date | April 11, 2018 to April 13, 2018 |
| Listing Date | April 23, 2018 |
| Face Value | ₹10 per share |
| Price | ₹33 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,864,000 shares (aggregating up to ₹6.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,179,900 |
| Share holding post issue | 7,043,900 |
| Market Maker portion | 96,000 shares |
Power Instrumentation Gujarat IPO offers 1,960,000 shares. 884,000 (45.10%) to NII, 884,000 (45.10%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96,000 (4.90%) |
| Other Shares Offered | 884,000 (45.10%) |
| Retail Shares Offered | 884,000 (45.10%) | Other Shares Offered | 96,000 (4.90%) |
| Total Shares Offered | 1,960,000 (100%) |
Investors can bid for a minimum of 4000 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 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| Lot Size Calculator | |||
Incorporated in 1983, Power & Instrumentation (Gujarat) Limited is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. The company has been providing the clients with complete turnkey solutions from concept to commissioning which includes Design, procurement, installation, testing & commissioning and maintenance of the system.
Apart from private sector entities, the company is also involved in bidding and executing government and semi-government projects. It has executed projects for Sardar Vallabhbhai Patel International Airport, Ahmedabad, Raja Bhoj Airport, Bhopal, U N Mehta Hospital, Ahmedabad, Secretariat Building, Naya Raipur, YMCA Club, Ahmedabad etc.
Currently, the company has order on-hand
from the following Clienteles:
1. Indian Institute of Science Education and Research: Bhopal
2. National Buildings Construction Corporation Limited: Gurgaon, Haryana
3. Goa State Infrastructure Development Corporation Limited: Goa
4. Central Public Works Department-Nagpur
5. NISM Project, CPWD, New Mumbai
6. Ajmer Vidyut Vitran Nigam Ltd -Ajmer
7. MTNLworli - Mumbai
8. Airport Authority of India - Jammu Airport - Jammu
9. CPWD-NIMS Patalganga
10. Gujarat High Court - Ahmedabad - PWD
11. Airport Authority of India - Bhopal Airport
12. Airport Authority of India - Srinagar Airport
13. Naya Raipur Development Authority
14. Chennai Port Trust
15. Sardar Sarovar Narmada Nigam Limited
16. Mahanagar Telephone Nigam Limited -Prabhadevi
17. Mahanagar Telephone Nigam Limited -Cumballa
18. CPWD -Gandhinagar
19. CPWD-Calicut
20. Airport Authority of India-GOA
It has employed 58 employees (including skilled, semi-skilled and unskilled).
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,056.00 | 4,260.62 | 3,122.52 | 2,851.59 | 2,444.62 | |
| Total Revenue | 6,072.79 | 5,166.19 | 4,546.73 | 3,633.03 | 3,270.25 | |
| Profit After Tax | 156.66 | 122.39 | 107.17 | 94.89 | 87.80 | |
The objects of the Issue are:
1. To Meet Working Capital Requirement
2. General Corporate Expenses
3. To Meet the Issue Expenses
[Dilip Davda]
Considering the business model, track record and reasonable pricing, investors may consider investment for long term.
Read detail review...The Power Instrumentation Gujarat IPO is subscribed 10.26 times on April 13, 2018 5:00:00 PM. The public issue subscribed 11.90 times in the retail category, times in the QIB category, and 8.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 8.61 |
| Retail | 11.90 |
| Total | 10.26 |
| Listing Date | April 23, 2018 |
| BSE Script Code | |
| NSE Symbol | PIGL |
| ISIN | INE557Z01018 |
| Final Issue Price | ₹33 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹33.00 |
| ₹35.00 |
| ₹34.00 |
| ₹35.90 |
| ₹34.90 |
Power & Instrumentation (Gujarat) Limited
A/1, Sixth Floor, Safal Profitaire,
Near Krishna Bunglows, 100 Ft. Road
Prahladnagar, Ahmedabad- 380015
Phone: +91 79-40051222
Email: priyacs@grouppower.org
Website: http://grouppower.org/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Power Instrumentation Gujarat IPO is a SME IPO of 1,864,000 equity shares of the face value of ₹10 aggregating up to ₹6.15 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000 Shares.
The IPO opens on April 11, 2018, and closes on April 13, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Power Instrumentation Gujarat IPO opens on April 11, 2018 and closes on April 13, 2018.
Power Instrumentation Gujarat IPO lot size is 4000 Shares, and the minimum amount required is ₹132,000.
You can apply in Power Instrumentation Gujarat 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 Power Instrumentation Gujarat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Instrumentation Gujarat IPO allotment status.
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