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Precision Camshafts IPO is a book built issue of Rs 410.00 crores.
Precision Camshafts IPO bidding started from January 27, 2016 and ended on January 29, 2016. The shares got listed on BSE, NSE on February 8, 2016.
Precision Camshafts IPO price band is set at ₹180 to ₹186 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,880.
Hdfc Bank Limited, Iifl Securities Ltd and SBI Capital Markets Limited are the book running lead managers of the Precision Camshafts IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Precision Camshafts IPO RHP for detailed information.
| IPO Date | January 27, 2016 to January 29, 2016 |
| Listing Date | February 8, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹180 to ₹186 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 15,867,366 shares (aggregating up to ₹410.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 81,841,600 |
| Share holding post issue | 94,744,825 |
Precision Camshafts IPO offers 15,867,366 shares. 4,625,699 (29.15%) to QIB, 3,372,500 (21.25%) to NII, 7,869,167 (49.59%) to RII. 98,364 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,625,699 (29.15%) | NA |
| NII (HNI) Shares Offered | 3,372,500 (21.25%) | |
| Retail Shares Offered | 7,869,167 (49.59%) | 98,364 |
| Total Shares Offered | 15,867,366 (100%) |
Investors can bid for a minimum of 80 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 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1040 | ₹193,440 |
| Lot Size Calculator | |||
Precision Camshafts is promoted by Mr Yatin Shah and Dr Suhasini Shah, who have over 20 years of experience in the critical engine component manufacturing and have established strong business relationships with large global original equipment manufacturers. Company's promoters are first generation entrepreneurs who started the business of manufacturing of critical engine component in 1992.
| Share Holding Pre Issue | 81.51% |
| Share Holding Post Issue | 63.92% |
Incorporated in 1992, Precision Camshafts Ltd is world's leading manufacturer and supplier of camshafts, a critical automobile engine component. Company supply over 150 types of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications. Company has a manufacturing facilities in Solapur, Maharashtra.
Company caters to both international and domestic market. Some of the long term clients includes General Motors, Ford Motors, Hyundai, Maruti Suzuki, Tata Motors and Mahindra and Mahindra.
Company has two manufacturing facilities in Solapur, Maharashtra. This includes an export oriented unit and a domestic unit.
Precision Camshafts has two joint ventures with Ningbo Shenglong PCL Camshafts Company Limited, for machining of camshafts and PCL Shenglong (Huzhou) Specialised Casting Company Limited, for setting up a foundry in China.
What is Camshafts?
Camshafts is one of the most critical component required in all automobiles using an internal combustion (IC) engine, which includes 2-wheelers, 3-wheelers, passenger vehicles, commercial vehicles, off roaders and tractors. A camshaft and its associated parts actuate the opening and closing of the piston valves in an IC engine of an automobile. It is one of the critical components of an IC engine and the design of the camshaft impacts the engine's power, efficiency, mileage and emission.
Camshafts are designed in such a way so as to open the engine valves at the correct time and to keep them open for the necessary duration for the desired engine performance. The camshaft design, weight, manufacturing process and machining requirement vary across vehicle categories depending on the desired engine characteristics. The camshaft generally lasts the life of the IC engine, although it may be replaced if it affects the engine's performance significantly over time.
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | |
| Total Liabilities | 5,543.60 | 5,006.37 | 3,937.51 | 3,375.43 | 2,200.04 |
| Total Assets | 2,570.81 | 1,956.24 | 1,573.19 | 1,598.51 | 1,147.44 |
| Total Income | 5,249.19 | 4,718.27 | 3,655.95 | 3,114.62 | 2,772.83 |
| Profit After Tax (PAT) | 635.81 | 141.00 | 248.65 | 210.15 | 176.56 |
| KPI | Values |
|---|---|
| RoNW | 26.68% |
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the Selling Shareholders.
The objects of the fresh Issue are:
1. Establishment of a machine shop for ductile iron camshafts at the EOU unit; and
2. General corporate purposes; and
3. Further, Company expects that the listing of the Equity Shares will enhance its visibility and its brand image among its existing and potential customers.
[Dilip Davda]
Considering the past track records and future plans with additions of tailor made products of western and eastern countries, issue may be considered for investment for short to long term.
Read detail review...The Precision Camshafts IPO is subscribed 1.91 times on January 29, 2016 9:00:00 PM. The public issue subscribed 2.01 times in the retail category, 2.62 times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.62 |
| NII | 0.73 |
| Retail | 2.01 |
| Total | 1.91 |
| Listing Date | February 8, 2016 |
| BSE Script Code | 539636 |
| NSE Symbol | PRECAM |
| ISIN | INE484I01029 |
| Final Issue Price | ₹186 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹186.00 |
| ₹163.10 |
| ₹155.00 |
| ₹184.70 |
| ₹177.25 |
| NSE |
|---|
| ₹186.00 |
| ₹165.00 |
| ₹154.50 |
| ₹185.00 |
| ₹177.45 |
Precision Camshafts Ltd
E 102/103 MIDC,
Akkalkot Road, Solapur 413 006,
Maharashtra, India
Phone: + 91 217 3295433
Email: sskuber@pclindia.in
Website: http://www.pclindia.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pcl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Precision Camshafts IPO is a main-board IPO of 15,867,366 equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at ₹180 to ₹186 per share. The minimum order quantity is 80 Shares.
The IPO opens on January 27, 2016, and closes on January 29, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Precision Camshafts IPO opens on January 27, 2016 and closes on January 29, 2016.
Precision Camshafts IPO lot size is 80 Shares, and the minimum amount required is ₹14,880.
You can apply in Precision Camshafts 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 Precision Camshafts IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Precision Camshafts IPO allotment status.
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