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Power & Instrumentation (Gujarat) Limited IPO (Power Instrumentation Gujarat IPO) Detail

April 11, 2018 - April 13, 2018

Power Instrumentation Gujarat IPO is a fixed price issue of Rs 6.15 crores.

Power Instrumentation Gujarat IPO bidding started from April 11, 2018 and ended on April 13, 2018. The shares got listed on NSE SME on April 23, 2018.

Power Instrumentation Gujarat IPO price is ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000.

Navigant Corporate Advisors Ltd is the book running lead manager of the Power Instrumentation Gujarat IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Power Instrumentation Gujarat IPO RHP for detailed information.

Power Instrumentation Gujarat IPO Details

IPO Date April 11, 2018 to April 13, 2018
Listing Date April 23, 2018
Face Value ₹10 per share
Price ₹33 per share
Lot Size 4000 Shares
Total Issue Size1,864,000 shares
(aggregating up to ₹6.15 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion96,000 shares

Power Instrumentation Gujarat IPO Reservation

Power Instrumentation Gujarat IPO offers 1,960,000 shares. 884,000 (45.10%) to NII, 884,000 (45.10%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (4.90%)
Other Shares Offered884,000 (45.10%)
Retail Shares Offered884,000 (45.10%)
Other Shares Offered96,000 (4.90%)
Total Shares Offered1,960,000 (100%)

Power Instrumentation Gujarat IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹132,000
Retail (Max) 1 4000 ₹132,000
Lot Size Calculator

About Power & Instrumentation (Gujarat) Limited

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).

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (Power Instrumentation Gujarat IPO Objectives)

The objects of the Issue are:

1. To Meet Working Capital Requirement
2. General Corporate Expenses
3. To Meet the Issue Expenses

Power Instrumentation Gujarat IPO Review (May apply)

[Dilip Davda]  

Considering the business model, track record and reasonable pricing, investors may consider investment for long term.

Read detail review...


Power Instrumentation Gujarat IPO Subscription Status (Bidding Detail)

The Power Instrumentation Gujarat IPO is subscribed 10.26 times on April 13, 2018 5:00:00 PM. The public issue subscribed 11.90 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)

CategorySubscription (times)
Other8.61
Retail11.90
Total10.26

Power Instrumentation Gujarat IPO Prospectus

Power Instrumentation Gujarat IPO Rating

113
4.0
Rating:Rated 4.0 stars
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Power Instrumentation Gujarat IPO Listing Details

Listing Date April 23, 2018
BSE Script Code
NSE Symbol PIGL
ISIN INE557Z01018
Final Issue Price ₹33 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹33.00
₹35.00
₹34.00
₹35.90
₹34.90

Check IPO Performance…

Power & Instrumentation (Gujarat) Limited Contact Details

Power & Instrumentation (Gujarat) Limited
A/1, Sixth Floor, Safal Profitaire,
Near Krishna Bunglows, 100 Ft. Road
Prahladnagar, Ahmedabad- 380015
Phone: +91 79-40051222
Email: priyacs@grouppower.org
Website: http://grouppower.org/

Power Instrumentation Gujarat IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Power Instrumentation Gujarat IPO - Buy or Not

Power Instrumentation Gujarat IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Power Instrumentation Gujarat IPO FAQs

Power Instrumentation Gujarat IPO is a SME IPO of 1,864,000 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 Shares.

The IPO opens on April 11, 2018, and closes on April 13, 2018.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Power Instrumentation Gujarat IPO opens on April 11, 2018 and closes on April 13, 2018.

Power Instrumentation Gujarat IPO lot size is 4000 Shares, and the minimum amount required is ₹132,000.

You can apply in Power Instrumentation Gujarat 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, Nuvama, ICICI Bank, 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 April 23, 2018.
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Power Instrumentation Gujarat IPO Message Board

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75 Comments

49. tejasa |   Link |  Bookmark |May 8, 2018 10:47:58 AM
Another pc jwellers
48. S T |   Link |  Bookmark |May 6, 2018 10:13:18 PM
Proof of Vijay Kedia invested in this SME IPO: https://economictimes.indiatimes.com/markets/stocks/news/top-investors-kela-damani-kedia-andrade-find-new-money-spinner-beyond-main-market/articleshow/63970271.cms
47. tejasa |   Link |  Bookmark |April 26, 2018 10:09:09 AM
Kha mahirca chemical or kaha pigl and dilip davda said avod for mahirca
47.1. v for vendetta |   Link |  Bookmark |April 26, 2018 9:24:30 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
SMEs are difficult to predict. It is more about frenzy and less about fundamentals. Dilip Dawda is a respected analyst and his calls are based on fundamentals.
46. Sujal |   Link |  Bookmark |April 25, 2018 3:12:36 PM
No buyer only seller wow what a company where is that hiteshji Who is telling very good company for long term where is IPO gainer who is telling very good company
45. Sujal |   Link |  Bookmark |April 25, 2018 9:55:05 AM
I think this is the best time to buy power & instrumentation
44. Sujal |   Link |  Bookmark |April 24, 2018 4:02:54 PM
Aur kitna niche ja sakta hain ye stock
43. RK Chandigarh |   Link |  Bookmark |April 23, 2018 11:40:35 PM
Kya ho Raha hai ye.
Lagta hai jaise ye site kisi ne hack kar Li hai aur moderator kept sleeping .
42. Sujal |   Link |  Bookmark |April 23, 2018 10:09:21 AM
Gm everyone Is it rite time to buy this stock for long term for handsome gains
42.1. IPOANALYSIS |   Link |  Bookmark |April 23, 2018 10:17:42 AM
Off course. I bought this morning
41. DownriteVJ |   Link |  Bookmark |April 23, 2018 9:53:41 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
35
40. WAHEGURU |   Link |  Bookmark |April 19, 2018 7:31:28 PM
What will be the listing price of this share on 23rd april any guess please. I want to sell at rs. 38 any interested.
40.1. IPOANALYSIS |   Link |  Bookmark |April 20, 2018 12:06:53 PM
It is a portfolio stock for long term investors.
This would increase investor and be wealth creator if hold in your stock portfolio.
39. Hiteshji |   Link |  Bookmark |April 19, 2018 7:13:07 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Keep it in your portfolio for long term and forget about listing date....????
38. DownriteVJ |   Link |  Bookmark |April 19, 2018 3:15:19 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
0/2 :(
37. WAHEGURU |   Link |  Bookmark |April 19, 2018 1:14:48 PM
Tejas pandya 1/2 what to do now and when is listing
37.1. Tejas pandya |   Link |  Bookmark |April 19, 2018 2:25:07 PM
IPO Guru IPO Guru (2600+ Posts, 2100+ Likes)
@waheguru
Listing on 23...
36. INVESTIGATOR |   Link |  Bookmark |April 19, 2018 1:16:34 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
ZERO out of TWO
35. S T |   Link |  Bookmark |April 19, 2018 12:00:56 PM
Allotment out http://www.skylinerta.com/display_application.php?app=741

All the best.
35.2. S T |   Link |  Bookmark |April 19, 2018 12:17:05 PM
0/2 :(
35.3. Tejas pandya |   Link |  Bookmark |April 19, 2018 12:32:58 PM
IPO Guru IPO Guru (2600+ Posts, 2100+ Likes)
1/3
34. Ravinder pal |   Link |  Bookmark |April 19, 2018 12:20:34 PM
0/4, any way to check allotment basis
33. Splendid |   Link |  Bookmark |April 19, 2018 12:14:05 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
0/5
32. DownriteVJ |   Link |  Bookmark |April 13, 2018 5:48:25 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII 11.24X
Overall 9.71X
32.1. NB |   Link |  Bookmark |April 18, 2018 7:34:32 PM
when is the allotment and on which site it will get reflect... ?.. kindly let us know which site to see the allotment of power instrument.?
32.2. DownriteVJ |   Link |  Bookmark |April 19, 2018 11:46:20 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Allotment Today

http://www.skylinerta.com/ipo.php

Still not out. Wait.
31. NB |   Link |  Bookmark |April 18, 2018 7:35:18 PM
on which site it will show allotment.. ? kindly post anyone.. thanks
31.4. S T |   Link |  Bookmark |April 19, 2018 11:24:17 AM
Hi Sinewave, it seems the link you have posted to check the allotment status is not correct http://www.skylinerta.com/display_application.php?app=402

Reqest to check and repost the correct link.
31.5. DownriteVJ |   Link |  Bookmark |April 19, 2018 11:45:34 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
http://www.skylinerta.com/ipo.php
30. Ravi DD Patel |   Link |  Bookmark |April 19, 2018 1:55:08 AM
Can anyone please tell me listing date?
30.1. DownriteVJ |   Link |  Bookmark |April 19, 2018 11:07:05 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
23rd