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Power Mech Projects IPO is a book build issue of ₹273.22 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹136.19 crores and offer for sale of 0.21 crore shares aggregating to ₹137.02 crores.
Power Mech Projects IPO bidding started from Aug 7, 2015 and ended on Aug 11, 2015. The shares got listed on BSE, NSE on Aug 26, 2015.
Power Mech Projects IPO price band is set at ₹640.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹12,300 (20 shares). The lot size investment for sNII is 16 lots (320 shares), amounting to ₹2,04,800, and for bNII, it is 79 lots (1,580 shares), amounting to ₹10,11,200.
IIFL Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Power Mech Projects IPO RHP for detailed Information.
| IPO Date | August 7, 2015 to August 11, 2015 |
| Listing Date | August 26, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹615 to ₹640 per share |
| Issue Price Final | ₹640 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 42,69,000 shares (aggregating up to ₹273.22 Cr) |
| Fresh Issue | 21,28,000 shares (aggregating up to ₹136.19 Cr) |
| Offer for Sale | 21,41,000 shares of ₹10 (aggregating up to ₹137.02 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,25,82,764 shares |
| Share Holding Post Issue | 1,47,10,764 shares |
Power Mech Projects IPO offers total 42,69,000 shares. Out of which 21,34,500 (50.00%) allocated to QIB, 8,53,800 (20.00%) allocated to QIB, 6,40,350 (15.00%) allocated to NII, 14,94,150 (35.00%) allocated to RII and 12,80,700 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 21,34,500 (50.00%) | NA |
| − Anchor Investor Shares Offered | 12,80,700 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 8,53,800 (20.00%) | NA |
| NII (HNI) Shares Offered | 6,40,350 (15.00%) | NA |
| Retail Shares Offered | 14,94,150 (35.00%) | 74,707 |
| Total Shares Offered | 42,69,000 (100.00%) |
Power Mech Projects IPO opens on August 7, 2015, and closes on August 11, 2015.
| IPO Open Date | Fri, Aug 7, 2015 |
| IPO Close Date | Tue, Aug 11, 2015 |
| Tentative Listing Date | Wed, Aug 26, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 11, 2015 |
Investors can bid for a minimum of 20 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 | 20 | ₹12,800 |
| Retail (Max) | 15 | 300 | ₹1,92,000 |
| S-HNI (Min) | 16 | 320 | ₹2,04,800 |
| S-HNI (Max) | 78 | 1,560 | ₹9,98,400 |
| B-HNI (Min) | 79 | 1,580 | ₹10,11,200 |
Incorporated in 2007, Power Mech Projects Ltd is one of the leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators ("ETC-BTG") and balance of plant ("BOP") works, civil works and operation and maintenance (O&M) services.
Company's operations include three principal business lines:
1. Erection Works;
2. Operation & Maintenance (O&M) Services; and
3. Civil Works.
They have established a track record of successfully executing ETC-BTG and BOP contracts for large power projects including for 800 MW unit capacity super-critical projects. They have been engaged on ETC-BTG projects for the first two ultra-mega power projects (UMPPs) in India as well as for 16 super-critical power projects in India. They were also one of the first companies in India to carry out the overhauling of a super-critical 660 MW turbine and providing AMC services for an ultra-mega power project (UMPP).
They have worked on various projects for Bharat Heavy Electricals Ltd, NTPC Ltd, Doosan Power Systems India Private Ltd, Adani Power Ltd, Larsen & Toubro Ltd-Thermal Power Plant Construction BU, Thermal Powertech Corporation India Ltd, GE Power Services (India) Private Ltd, CLP India Private Ltd, BGR Energy Systems Ltd, Siemens Ltd, Jindal India Thermal Power Ltd and Reliance Infrastructure Ltd.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 13,615.20 | 11,987.76 | 9,375.78 | 7,091.34 |
| Profit After Tax (PAT) | 707.04 | 683.12 | 501.14 | 524.11 |
The Company Power Mech Projects 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 | Funding working capital requirements of the Company | 105.00 |
| 2 | General Corporate Purposes | 21.64 |
[Dilip Davda] <p><strong><span style="text-decoration: underline;">Remarks:</span> Worthy bet for long term</strong></p> Read detail review...
| Listing Date | August 26, 2015 |
| BSE Script Code | 539302 |
| NSE Symbol | POWERMECH |
| ISIN | INE211R01019 |
| Final Issue Price | ₹640 per share |
| BSE Listing Group | B |
Power Mech Projects Ltd.
Plot No 77 Jubilee Enclave,
Opp Hitex Madhapur,
Hyderabad - 500081, Telangana
Hyderabad, Telangana
Phone: 91-40-30444444
Email: compliance@powermech.net
Website: http://www.powermechprojects.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Power Mech Projects IPO is a main-board IPO of 42,69,000 equity shares of the face value of ₹10 aggregating up to ₹273.22 Crores. The issue is priced at ₹640 per share. The minimum order quantity is 20.
The IPO opens on August 7, 2015, and closes on August 11, 2015.
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 Power Mech Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Power Mech Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Power Mech Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Power Mech Projects IPO opens on August 7, 2015 and closes on August 11, 2015.
Power Mech Projects IPO lot size is 20, and the minimum amount required for application is ₹12,800.
You can apply in Power Mech Projects 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 Mech Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Mech Projects IPO allotment status.
The Power Mech Projects IPO listing date is on Wednesday, August 26, 2015.
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