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PG Electroplast Limited IPO (PG Electroplast IPO) Detail

Sep 7, 2011 - Sep 12, 2011

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.

Company Promoters:

The promoters of the Company are:
1. Mr. Promod Gupta
2. Mr. Anurag Gupta
3. Mr. Vishal Gupta
4. Mr. Vikas Gupta

Objects of the Issue:

The proceeds from the proposed Issue of shares are intended to be deployed for:

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
2. Expansion of the manufacturing facility at Unit III, Greater Noida
3. Expansion of the manufacturing facility at Unit IV, Ahmednagar
4. Meeting long term working capital requirements
5. General corporate purposes; and
6. Issue expenses

Issue Detail:

  »»  Issue Open: Sep 7, 2011 - Sep 12, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 5,745,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 120.65 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 190 - Rs. 210 Per Equity Share
  »»  Market Lot: 30 Shares
  »»  Minimum Order Quantity: 30 Shares
  »»  Listing At: BSE, NSE

PG Electroplast IPO Grading

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

Check IPO Ratings from other stock analysts.

PG Electroplast IPO Reviews:

  1. PG Electroplast Limited IPO review by Dilip Davda
  2. PG Electroplast Limited IPO review by MLR Securities Private Ltd

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved2,872,500861,7502,010,7505,745,000
Day 1 - Sep 7, 2011 17:00 IST0.00000.00000.00000.0000
Day 2 - Sep 8, 2011 17:00 IST0.29000.24000.02000.1900
Day 3 - Sep 9, 2011 17:00 IST0.98000.67000.06000.6100
Day 4 - Sep 12, 2011 17:00 IST0.98001.84001.64001.3400

PG Electroplast IPO Prospectus

PG Electroplast IPO Rating

106
3.7
Rating:Rated 3.7 stars

Vote Here ...

PG Electroplast IPO Listing Date

  •   ›  Listing Date: Monday, September 26, 2011
  •   ›  BSE Script Code: 533581
  •   ›  NSE Symbol: PGEL
  •   ›  Listing In: 'B' Group of Securities
  •   ›  Sector: Consumer Electronics
  •   ›  ISIN: INE457L01011
  •   ›  Issue Price: Rs. 210.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 210.00
Open:Rs. 200.00
Low:Rs. 175.05
High:Rs. 490.00
Last Trade:Rs. 411.65
Volume:29,249,235
NSE
Rs. 210.00
Rs. 215.00
Rs. 176.00
Rs. 484.40
Rs. 415.30
40,012,115

PG Electroplast IPO News Alerts

  1. Thursday, September 22, 2011 5:06:53 AM
    IPO Listing - PG Electroplast Limited
  2. Wednesday, September 21, 2011 7:26:56 AM
    IPO Allotment - PG Electroplast Limited
  3. Monday, September 12, 2011 9:01:41 AM
    PG Electroplast IPO fully subscribed
  4. Friday, September 9, 2011 8:55:14 AM
    PG Electroplast IPO subscribed 0.61 times on day 3
  5. Thursday, September 8, 2011 8:56:50 AM
    PG Electroplast IPO subscribed 0.19 times on day 2
  6. Sunday, September 4, 2011 3:46:13 PM
    Upcoming IPO - PG Electroplast Limited

Company Contact Information

PG Electroplast Limited
14/39, Shakti Nagar
New Delhi, India
110007
Phone: +91-11-23844809
Fax: +91-11-23841932
Email: ipo@pgel.in
Website: http://www.pgel.in/

PG Electroplast IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: pg.ipo@karvy.com
Website: http://karisma.karvy.com

PG Electroplast IPO Lead Manager(s)

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PG Electroplast IPO Review / Comments

avatar
135. praveen kumat  Nov 2, 2011 12:57:20 PM IST Reply
THE PROMOTERS OF THE COMPANY ARE GREAT CHEATERS. THEY HAVE CHEATED PUBLIC EARLIER ALSO BY FLOATING A COMPANY AND CLOSED IT DOWN. THE TRACK RECORD OF THE COMPANY IS NOT GOOD. THE SHARE PRICE WILL GO DOWN TO 20 IN NEAR FUTURE AND WILL NEVER REACH AGAIN ITS ISSUE PRICE OF 58. IT IS BETTER TO EXIT AT RS 35-36. BEAR THE LOSS SHARE HOLDERS. GOOD NEWS IS THAT SEBI HAS INITIATED ENQUIRY AGAINST COMPANIES WHOSE SHARE PRICES NOSEDIVE AFTER ITS LAUNCH. BUT SRS PARIVAR WIL MANAGE THE SEBI EVEN.........CHEATER COMPANY....BEWARE....!!!!!
avatar
134. MULTILOOSER listing loss  Sep 29, 2011 1:45:42 PM IST Reply
oprator has blessing hand of s e b i so he is manipulating and retailor are looted.
avatar
133. CLD  Sep 29, 2011 1:04:41 PM IST Reply
sh &

Dilip Davda

Short sellers can make a huge loss only when the stock goes to upper circuit where you find only buyers with no sellers. Since there will be no sellers as such a person hoding short positions will not be able to buy & square up the position & all his holding will go for auction. No brokerage house is allowing to carry over the short positions to next day.
avatar
132. sh  Sep 29, 2011 12:49:08 PM IST Reply
@131. CLD Thanks for the info.

@124. Dilip Davda Sep 28, 2011 8:57:08 PM IST
Is this correct??? -> "...all shortsellers paid hefty penalty for blunder"
Can Dilip or someone explain the above comment from post# 124.
avatar
131. CLD  Sep 29, 2011 12:31:26 PM IST Reply
sh

In a situation in which a stock has gone to lower circuit, there will be huge volumes on sell side with no buyers although buyers will get that stock at lower rates. All orders on buy side will get executed till there are no sellers. Traders with short intraday positions will never find problem in buying the stock for square off the positions till the trend reverses & the stock goes to upper circuit when there will be no sellers. However there is practically no chance for a stock to move from lower circuit to upper circuit on the same day.
avatar
130. SkDash  Sep 29, 2011 11:38:30 AM IST Reply
Selva- U have also telling abt virtual trading , right ?

I think so
avatar
129. SkDash  Sep 29, 2011 11:27:48 AM IST Reply
Selva

1. can i read yr 'dis' as 'did' ?
2. Are Haan, me to pura bhul gaya tha sq off karne keliye :) And also i will not sq it off, but why u did that ? It should be Buy and Forget :)

Whats the position in recent IPOs ?
avatar
128. MULTILOOSER listing loss  Sep 29, 2011 11:24:43 AM IST Reply
Selva ji , S.K. Das ne to vertual trading kiya tha real nahi, just for example.be careful and think before trading.
avatar
127. selva raj  Sep 29, 2011 10:22:23 AM IST Reply
Hi Skdash,
I dis square off my yester position of PKEL at opening price..loss of 80k :-(How about You!!did u square off ur position/still holding that?
avatar
126. EKNATH BHOKARDHANKAR  Sep 29, 2011 9:17:42 AM IST Reply
see my yesterday night's comment
avatar
125. sh  Sep 29, 2011 12:35:10 AM IST Reply
can anyone explain under what situation a buy order placed after a stock hits lower circuit is not filled? maybe i am wrong, but i was thinking there will be loads of sellers in this situation...hmm

I am asking this question as it appears from some of the comments that some shortsellers were unable to squareoff.
avatar
124. Dilip Davda  Sep 28, 2011 8:57:08 PM IST Reply
Operator's game seems to be over. Auction took place at Rs. 579 and all shortsellers paid hefty penalty for blunder
avatar
123. EKNATH BHOKARDHANKAR  Sep 28, 2011 8:15:20 PM IST Reply
Tomorrow this will be open at lower circuit @ Rs.308
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122. selva raj  Sep 28, 2011 7:42:26 PM IST Reply
Hi Skdash,
Do You think it will reach lower circuit tomorrow itself!!!!!!if it ll open at lower circuit means what will be the expected price!
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121. PANDURANG LONDE  Sep 28, 2011 5:35:18 PM IST Reply
yh desh hai lootere operatoro ka
avatar
120. PANDURANG LONDE  Sep 28, 2011 5:32:40 PM IST Reply
TOMORROW LOWER CIRCUIT
AT
09:15:02 A.M.
sure
avatar
119. selva raj  Sep 28, 2011 5:28:18 PM IST Reply
SK Dash,
I have bought 1000 at 386.60.i thought it will move after that.but it does it..i could not sell that also..I am not sure at wat price it ll open for tommorw.it may open below 300 also :-( so am also in big loss
avatar
118. SkDash  Sep 28, 2011 4:18:17 PM IST Reply
KKN

Morning it was 1% up, then when i saw it was +17%. I thought this trend will continue for 2-3 days atleast and bought* 1000 shares at 526 for long term and when i saw after launch it was in lower circuit (BSE) @ 395, loss of 130 per share. Since in lower curcuit, could not sell* it. I am expecting it to reach in lower curcuit for another 3-4 days so another 20 x 4 = 80% (Rs 320/ per share) fall

Cost = 5,20,000
Expected Sell Value = 75,000
Loss * = 4,45,000
avatar
117. KK Natarajan  Sep 28, 2011 3:23:28 PM IST Reply
Game over. Feeling sorry for those who fell for the bait.
avatar
116. selva raj  Sep 28, 2011 2:21:30 PM IST Reply
Thanks for Your response sh..






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