Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Wed, Apr 11, 2018 - Fri, Apr 13, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Apr 11, 2018
IPO Close
Fri, Apr 13, 2018
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹23.24 Cr
| IPO Date | 11 to 13 Apr, 2018 |
| Listed on | Mon, Apr 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,64,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 96,000 shares Khambatta Securities Ltd. (agg. up to ₹0.3168 Cr) |
| Fresh Issue (Ex Market Maker) | 17,68,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 17,68,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 51,79,900 shares |
| Share Holding Post Issue | 70,43,900 shares |
| NSE Symbol | PIGL |
| ISIN | INE557Z01018 |
Power Instrumentation Gujarat IPO comprises a total issue size of 18,64,000 shares. The net offer to the public is 17,68,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,84,000 (50.00%) allocated to NII 8,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,84,000 | 50.00% | 47.42% |
| Retail Shares Offered | 8,84,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.15% | |
| Total Shares Offered | 18,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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).
| 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 | To Meet Working Capital Requirement | 4.45 |
| 2 | General Corporate Expenses | 1.25 |
The Power Instrumentation Gujarat IPO is subscribed 10.26 times on April 13, 2018 5:00:00 PM (Day 3). The public issue subscribed 11.9 times in the retail category, [.] times in the QIB category, and 8.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 8.61 | 8,84,000 | 76,12,000 |
| Retail | 11.9 | 8,84,000 | 1,05,24,000 |
| Total | 10.26 | 17,68,000 | 1,81,36,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as legal advisors, registrars, etc | 0.25 |
| 2 | Printing and stationery and postage expenses | 0.03 |
| 3 | Advertising and marketing expenses | 0.05 |
| 4 | Statutory expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹35.00 |
| Low | ₹34.00 |
| High | ₹35.90 |
| Last Trade | ₹34.90 |
Lead Manager Reports
Power Instrumentation Gujarat IPO is a SME IPO of 18,64,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Apr 11, 2018, and closes on Fri, Apr 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 Wed, Apr 11, 2018 and closes on Fri, Apr 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 Mon, Apr 23, 2018.
