Bookbuilding IPO | ₹121 Cr | Listed at BSE, NSE | Wed, Sep 7, 2011 - Mon, Sep 12, 2011
PG Electroplast IPO is a book build issue of ₹120.65 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹120.65 crore.
PG Electroplast IPO bidding started from Sep 7, 2011 and ended on Sep 12, 2011. The shares got listed on BSE, NSE on Sep 26, 2011.
PG Electroplast IPO price band is set at ₹210 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,300 (30 shares) (based on upper price). The lot size investment for sNII is 32 lots (960 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (4,770 shares), amounting to ₹10,01,700.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to PG Electroplast IPO RHP for detailed Information.
IPO Open
Wed, Sep 7, 2011
IPO Close
Mon, Sep 12, 2011
Issue Price
₹210 per share
Market Cap (Pre-IPO)
₹344.70 Cr
| IPO Date | 7 to 12 Sep, 2011 |
| Listed on | Mon, Sep 26, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹210 |
| Issue Price | ₹210 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 57,45,000 shares (agg. up to ₹121 Cr) |
| Fresh Issue | 57,45,000 shares (agg. up to ₹121 Cr) |
| Share Holding Pre Issue | 1,06,69,332 shares |
| Share Holding Post Issue | 1,64,14,332 shares |
| BSE Script Code / NSE Symbol | 533581 / PGEL |
| ISIN | INE457L01011 |
PG Electroplast IPO comprises a total issue size of 57,45,000 shares. Out of which, 28,72,500 (50.00%) are allocated to QIB, 8,61,750 (15.00%) allocated to NII 20,10,750 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 28,72,500 | 50.00% | NA |
| NII (HNI) Shares Offered | 8,61,750 | 15.00% | NA |
| Retail Shares Offered | 20,10,750 | 35.00% | 67,025 |
| Total Shares Offered | 57,45,000 | 100.00% |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,300 |
| Retail (Max) | 31 | 930 | ₹1,95,300 |
| S-HNI (Min) | 32 | 960 | ₹2,01,600 |
| S-HNI (Max) | 158 | 4,740 | ₹9,95,400 |
| B-HNI (Min) | 159 | 4,770 | ₹10,01,700 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 24.10 |
| 2 | Expansion of our manufacturing facility at Unit III, Greater Noida under Phase II | 13.84 |
| 3 | Expansion of our manufacturing facility at Unit IV, Ahmednagar under Phase II | 37.31 |
| 4 | Meeting long term working capital requirements | 15.00 |
| 5 | General corporate purposes | 21.39 |
| 6 | Issue Expenses | 9.01 |
| Total | 120.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 65% |
| Market Cap | ₹344.70 Cr. |
The PG Electroplast IPO is subscribed 1.34 times on September 12, 2011 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.98 | 28,72,500 | |
| NII | 1.84 | 8,61,750 | |
| Retail | 1.64 | 20,10,750 | |
| Total | 1.34 | 57,45,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, underwriting and selling commission (including commission to SCSBs for ASBA applications) and brokerage | 4.58 |
| 2 | Registrars fees | 0.01 |
| 3 | Fees for legal counsels | 0.05 |
| 4 | Fee payable to the grading agency | 0.03 |
| 5 | Printing and stationery expenses | 0.55 |
| 6 | Advertising and marketing expenses | 3.38 |
| 7 | Other expenses (stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹210.00 | ₹210.00 |
| Open | ₹200.00 | ₹215.00 |
| Low | ₹175.05 | ₹176.00 |
| High | ₹490.00 | ₹484.40 |
| Last Trade | ₹411.65 | ₹415.30 |
Lead Manager Reports
PG Electroplast IPO is a main-board IPO of 57,45,000 equity shares of the face value of ₹10 aggregating up to ₹121 Crores. The issue is priced at ₹210 per share. The minimum order quantity is 30.
The IPO opens on Wed, Sep 7, 2011, and closes on Mon, Sep 12, 2011.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PG Electroplast IPO using UPI as a payment gateway. Zerodha customers can apply in PG Electroplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PG Electroplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PG Electroplast IPO opens on Wed, Sep 7, 2011 and closes on Mon, Sep 12, 2011.
PG Electroplast IPO lot size is 30, and the minimum amount required for application is ₹6,300.
You can apply in PG Electroplast IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The PG Electroplast IPO listing date is on Mon, Sep 26, 2011.
