Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Power Mech Projects IPO is a book built issue of Rs 273.22 crores.
Power Mech Projects IPO bidding started from August 7, 2015 and ended on August 11, 2015. The shares got listed on BSE, NSE on August 26, 2015.
Power Mech Projects IPO price band is set at ₹615 to ₹640 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹12,800.
Iifl Securities Ltd, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Power Mech Projects IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Power Mech Projects IPO RHP for detailed information.
| IPO Date | August 7, 2015 to August 11, 2015 |
| Listing Date | August 26, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹615 to ₹640 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 4,269,000 shares (aggregating up to ₹273.22 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 12,582,764 |
| Share holding post issue | 14,710,764 |
Power Mech Projects IPO offers 2,988,300 shares. 853,800 (28.57%) to QIB, 640,350 (21.43%) to NII, 1,494,150 (50.00%) to RII. 74,707 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 320 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 853,800 (28.57%) | NA |
| NII (HNI) Shares Offered | 640,350 (21.43%) | |
| Retail Shares Offered | 1,494,150 (50.00%) | 74,707 |
| Total Shares Offered | 2,988,300 (100%) |
Investors can bid for a minimum of 20 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 | 20 | ₹12,800 |
| Retail (Max) | 15 | 300 | ₹192,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Power Mech Projects Ltd is one of the leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators ("ETC-BTG") and balance of plant ("BOP") works, civil works and operation and maintenance (O&M) services.
Company's operations include three principal business lines:
1. Erection Works;
2. Operation & Maintenance (O&M) Services; and
3. Civil Works.
They have established a track record of successfully executing ETC-BTG and BOP contracts for large power projects including for 800 MW unit capacity super-critical projects. They have been engaged on ETC-BTG projects for the first two ultra-mega power projects (UMPPs) in India as well as for 16 super-critical power projects in India. They were also one of the first companies in India to carry out the overhauling of a super-critical 660 MW turbine and providing AMC services for an ultra-mega power project (UMPP).
They have worked on various projects for Bharat Heavy Electricals Ltd, NTPC Ltd, Doosan Power Systems India Private Ltd, Adani Power Ltd, Larsen & Toubro Ltd-Thermal Power Plant Construction BU, Thermal Powertech Corporation India Ltd, GE Power Services (India) Private Ltd, CLP India Private Ltd, BGR Energy Systems Ltd, Siemens Ltd, Jindal India Thermal Power Ltd and Reliance Infrastructure Ltd.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 13,615.20 | 11,987.76 | 9,375.78 | 7,091.34 |
| Profit After Tax (PAT) | 707.04 | 683.12 | 501.14 | 524.11 |
The object of the issue are:
1. Repayment/pre-payment/advance payment of loans;
2. Funding working capital requirements;
3. General corporate purposes.
[Dilip Davda]
Remarks: Worthy bet for long term
Read detail review...The Power Mech Projects IPO is subscribed 38.12 times on August 11, 2015 5:40:00 PM. The public issue subscribed 3.42 times in the retail category, 27.53 times in the QIB category, and 133.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 27.53 |
| NII | 133.22 |
| Retail | 3.42 |
| Total | 38.12 |
| Listing Date | August 26, 2015 |
| BSE Script Code | 539302 |
| NSE Symbol | POWERMECH |
| ISIN | INE211R01019 |
| Final Issue Price | ₹640 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹640.00 |
| ₹600.00 |
| ₹580.00 |
| ₹663.10 |
| ₹585.75 |
| NSE |
|---|
| ₹640.00 |
| ₹640.00 |
| ₹663.00 |
| ₹600.00 |
| ₹580.00 |
Power Mech Projects Ltd
Plot No 77 Jubilee Enclave,
Opp Hitex Madhapur,
Hyderabad - 500081, Telangana
Phone: 91-40-30444444
Email: compliance@powermech.net
Website: http://www.powermechprojects.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Power Mech Projects IPO is a main-board IPO of 4,269,000 equity shares of the face value of ₹10 aggregating up to ₹273.22 Crores. The issue is priced at ₹615 to ₹640 per share. The minimum order quantity is 20 Shares.
The IPO opens on August 7, 2015, and closes on August 11, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Power Mech Projects IPO opens on August 7, 2015 and closes on August 11, 2015.
Power Mech Projects IPO lot size is 20 Shares, and the minimum amount required is ₹12,800.
You can apply in Power Mech Projects 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 Mech Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Mech Projects IPO allotment status.
Top Contributor (400+ Posts, 200+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (600+ Posts, 400+ Likes)
IPO Guru (1300+ Posts, 700+ Likes)
