Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Power Instrumentation Gujarat IPO is a fixed price issue of ₹6.15 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹6.15 crore.
Power Instrumentation Gujarat IPO bidding started from Apr 11, 2018 and ended on Apr 13, 2018. The shares got listed on NSE SME on Apr 23, 2018.
Power Instrumentation Gujarat IPO price is ₹33.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,64,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Khambatta Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,64,000 shares (aggregating up to ₹6.15 Cr) |
| Reserved for Market Maker | 96,000 shares Khambatta Securities Ltd. (aggregating up to ₹0.3168 Cr) |
| Net Offered to Public | 17,68,000 shares (aggregating up to ₹5.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,79,900 shares |
| Share Holding Post Issue | 70,43,900 shares |
Power Instrumentation Gujarat IPO offers total 18,64,000 shares. Out of which 8,84,000 (47.42%) allocated to NII, 8,84,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.15%) |
| NII (HNI) Shares Offered | 8,84,000 (47.42%) |
| Retail Shares Offered | 8,84,000 (47.42%) |
| Total Shares Offered | 18,64,000 (100.00%) |
Power Instrumentation Gujarat IPO opens on April 11, 2018, and closes on April 13, 2018.
| IPO Open Date | Wed, Apr 11, 2018 |
| IPO Close Date | Fri, Apr 13, 2018 |
| Tentative Listing Date | Mon, Apr 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 13, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,32,000 |
| Retail (Max) | 1 | 4,000 | ₹1,32,000 |
| HNI (Min) | 2 | 8,000 | ₹2,64,000 |
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 Company Power Instrumentation Gujarat 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 | To Meet Working Capital Requirement | 4.45 |
| 2 | General Corporate Expenses | 1.25 |
[Dilip Davda] <p>Considering the business model, track record and reasonable pricing, investors may consider investment for long term.</p> Read detail review...
| Listing Date | April 23, 2018 |
| BSE Script Code | |
| NSE Symbol | PIGL |
| ISIN | INE557Z01018 |
| Final Issue Price | ₹33 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹35.00 |
| Low | ₹34.00 |
| High | ₹35.90 |
| Last Trade | ₹34.90 |
Power & Instrumentation (Gujarat) Ltd.
A/1, Sixth Floor, Safal Profitaire,
Near Krishna Bunglows, 100 Ft. Road
Prahladnagar,
Ahmedabad, Gujarat, 380015
Phone: +91 79-40051222
Email: priyacs@grouppower.org
Website: http://grouppower.org/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Power Instrumentation Gujarat IPO is a SME IPO of 18,64,000 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.
The IPO opens on April 11, 2018, and closes on April 13, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Power Instrumentation Gujarat IPO using UPI as a payment gateway. Zerodha customers can apply in Power Instrumentation Gujarat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Power Instrumentation Gujarat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Power Instrumentation Gujarat IPO opens on April 11, 2018 and closes on April 13, 2018.
Power Instrumentation Gujarat IPO lot size is 4000, and the minimum amount required for application is ₹1,32,000.
You can apply in Power Instrumentation Gujarat 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 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.
The Power Instrumentation Gujarat IPO listing date is on Monday, April 23, 2018.
Useful Articles
RHP