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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

PG Electroplast IPO Details

IPO Opening Date Sep 7, 2011
IPO Closing Date Sep 12, 2011
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹190 to ₹210 per equity share
Market Lot 30 Shares
Min Order Quantity 30 Shares
Listing At BSE, NSE
Issue Size5,745,000 Eq Shares of ₹10
(aggregating up to ₹120.65 Cr)

PG Electroplast IPO Lot Size

The PG Electroplast IPO market lot size is 30 shares. A retail-individual investor can apply for up to 31 lots (930 shares or ₹195,300).

Application Lots Shares Amount (Cut-off)
Minimum 1 30 ₹6,300
Maximum 31 930 ₹195,300

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

PG Electroplast IPO Subscription Status (Bidding Detail)

The PG Electroplast IPO is subscribed 1.34 times on Sep 12, 2011 17:00. The public issue subscribed 1.64 in the retail category, 0.98 in the QIB category, and 1.84 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

0.98

NII

1.84

RII

1.64

Total

1.34

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
ISIN INE457L01011
IPO Price ₹210 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹210.00
₹200.00
₹175.05
₹490.00
₹411.65
NSE
₹210.00
₹215.00
₹176.00
₹484.40
₹415.30

Company Contact Information

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

PG Electroplast IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: pg.ipo@karvy.com
Website: https://karisma.kfintech.com/

PG Electroplast IPO Reviews / Ratings

PG Electroplast IPO FAQs

PG Electroplast IPO is a main-board IPO of 5,745,000 equity shares of the face value of ₹10 aggregating up to ₹120.65 Crores. The issue is priced at ₹190 to ₹210 per equity share. The minimum order quantity is 30 Shares.

The IPO opens on Sep 7, 2011, and closes on Sep 12, 2011.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The PG Electroplast IPO opens on Sep 7, 2011 and closes on Sep 12, 2011.

PG Electroplast IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

You can apply in PG Electroplast IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.

PG Electroplast IPO Message Board

Ranked Members  Ranked Members

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135. praveen kumat |Nov 2, 2011 12:57
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....!!!!!
134. MULTILOOSER listing loss |Sep 29, 2011 13:45
oprator has blessing hand of s e b i so he is manipulating and retailor are looted.
133. CLD |Sep 29, 2011 13:04
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
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.
132. sh |Sep 29, 2011 12:49
@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.
131. CLD |Sep 29, 2011 12:31
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
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.
130. SkDash |Sep 29, 2011 11:38
IPO Mentor IPO Mentor (600+ Posts)
Selva- U have also telling abt virtual trading , right ?

I think so
129. SkDash |Sep 29, 2011 11:27
IPO Mentor IPO Mentor (600+ Posts)
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 ?
128. MULTILOOSER listing loss |Sep 29, 2011 11:24
Selva ji , S.K. Das ne to vertual trading kiya tha real nahi, just for example.be careful and think before trading.
127. selva raj |Sep 29, 2011 10:22
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?
126. EKNATH BHOKARDHANKAR |Sep 29, 2011 09:17
see my yesterday night's comment
125. sh |Sep 29, 2011 00:35
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.
124. Dilip Davda |Sep 28, 2011 20:57
Operator's game seems to be over. Auction took place at Rs. 579 and all shortsellers paid hefty penalty for blunder

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

123. EKNATH BHOKARDHANKAR |Sep 28, 2011 20:15
Tomorrow this will be open at lower circuit @ Rs.308
122. selva raj |Sep 28, 2011 19:42
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!
121. PANDURANG LONDE |Sep 28, 2011 17:35
yh desh hai lootere operatoro ka
120. PANDURANG LONDE |Sep 28, 2011 17:32
TOMORROW LOWER CIRCUIT
AT
09:15:02 A.M.
sure
119. selva raj |Sep 28, 2011 17:28
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
118. SkDash |Sep 28, 2011 16:18
IPO Mentor IPO Mentor (600+ Posts)
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
117. KK Natarajan |Sep 28, 2011 15:23
IPO Mentor IPO Mentor (500+ Posts)
Game over. Feeling sorry for those who fell for the bait.
116. selva raj |Sep 28, 2011 14:21
Thanks for Your response sh..