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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 ₹210.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,700 (30 shares). 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 Date | September 7, 2011 to September 12, 2011 |
| Listing Date | September 26, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹190 to ₹210 per share |
| Issue Price Final | ₹210 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,45,000 shares (aggregating up to ₹120.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,06,69,332 shares |
| Share Holding Post Issue | 1,64,14,332 shares |
PG Electroplast IPO offers total 57,45,000 shares. Out of which 28,72,500 (50.00%) allocated to QIB, 8,61,750 (15.00%) allocated to NII, 20,10,750 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
PG Electroplast IPO opens on September 7, 2011, and closes on September 12, 2011.
| IPO Open Date | Wed, Sep 7, 2011 |
| IPO Close Date | Mon, Sep 12, 2011 |
| Tentative Listing Date | Mon, Sep 26, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 12, 2011 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The Company PG Electroplast IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 | 241.00 |
| 2 | Expansion of our manufacturing facility at Unit III, Greater Noida under Phase II | 138.38 |
| 3 | Expansion of our manufacturing facility at Unit IV, Ahmednagar under Phase II | 373.05 |
| 4 | Meeting long term working capital requirements | 150.00 |
| 5 | General corporate purposes | 213.95 |
[Dilip Davda] <p>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.</p> Read detail review...
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 |
| BSE Listing Group | B |
PG Electroplast Ltd.
14/39, Shakti Nagar
New Delhi, India
110007
Delhi, New Delhi
Phone: +91-11-23844809
Email: ipo@pgel.in
Website: http://www.pgel.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pg.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
PG Electroplast IPO is a main-board IPO of 57,45,000 equity shares of the face value of ₹10 aggregating up to ₹120.65 Crores. The issue is priced at ₹210 per share. The minimum order quantity is 30.
The IPO opens on September 7, 2011, and closes on September 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 September 7, 2011 and closes on September 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 Monday, September 26, 2011.
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