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Power Mech Projects Ltd IPO (Power Mech Projects IPO) Detail

Aug 7, 2015 - Aug 11, 2015

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.

Company Promoters:

The promoters of the company are:

1. S. Kishore Babu
2. S. Lakshmi
3. S. Rohit
4. S. Vignatha
5. S. Kishore Babu (HUF)

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31 Mar 1531 Mar 1431 Mar 1331 Mar 12
Total Income13,615.2011,987.769,375.787,091.34
Profit After Tax (PAT)707.04683.12501.14524.11

Objects of the Issue:

The object of the issue are:

1. Repayment/pre-payment/advance payment of loans;
2. Funding working capital requirements;
3. General corporate purposes.

Power Mech Projects IPO Details

Issue OpenAug 7, 2015 - Aug 11, 2015
Issue TypeBook Built Issue IPO
Issue Size4,269,000 Eq Shares of ₹10
(aggregating up to ₹273.22 Cr)
Face Value₹10 Per Equity Share
Issue Price₹615 - ₹640 Per Equity Share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE

Power Mech Projects IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹12,800
Maximum15300₹192,000

Power Mech Projects IPO Subscription Status (Bidding Detail)

Power Mech Projects IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

853,800

640,350

1,494,150

2,988,300

Aug 11, 2015 17:40

27.53x

133.22x

3.42x

38.12x

Power Mech Projects IPO Prospectus

Power Mech Projects IPO Rating

412
3.8
Rating:Rated 3.8 stars

Vote Here ...

Power Mech Projects IPO Listing Date

Listing DateWednesday, August 26, 2015
BSE Script Code539302
NSE SymbolPOWERMECH
Listing InB
ISININE211R01019
Issue Price₹640 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹640.00
₹600.00
₹580.00
₹663.10
₹585.75
1,149,607
NSE
₹640.00
₹640.00
₹663.00
₹600.00
₹580.00
3,974,532

Power Mech Projects IPO Reviews / Ratings

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Dilip Davda - Subscribe

Company Contact Information

Power Mech Projects Ltd
Plot No 77 Jubilee Enclave,
Opp Hitex Madhapur,
Hyderabad - 500081, Telangana

Phone: 91-40-30444444
Email: compliance@powermech.net
Website: http://www.powermechprojects.in

Power Mech Projects IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

Power Mech Projects IPO FAQs

  1. 1. What is Power Mech Projects IPO?

    Power Mech Projects IPO is an main-board initial public offering of 4,269,000 equity shares of the face value of ₹10 aggregating up to ₹273.22 Crores.

    The issue price of the IPO is ₹615 - ₹640 Per Equity Share. The minimum order quantity is 20 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Aug 7, 2015 and closes on Aug 11, 2015.

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

  2. 2. When Power Mech Projects IPO will open?

    The Power Mech Projects IPO opens on Aug 7, 2015 and closes on Aug 11, 2015.

  3. 3. How to apply for Power Mech Projects IPO?

    Power Mech Projects IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Power Mech Projects IPO allotment?

    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.

  5. 5. When is Power Mech Projects IPO listing date?

    The Power Mech Projects IPO listing date is on Wednesday, August 26, 2015, at BSE, NSE.

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Power Mech Projects IPO Review / Comments

dpcdsl
341. dpcdsl  Sep 26, 2015 20:14 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Is Power Mech, a Monte Carlo in making?
Heri
340. Heri  Sep 8, 2015 16:52 I Like It. | Report Abuse
I have 40 share. what can i do ?
uv
339. uv  Sep 8, 2015 12:10 I Like It. | Report Abuse
Pinkijain ji, septaji

I hv 80 shares of Power mech.
Plz guide hold kre ya sell kre in loss.
ponkyjain
338. ponkyjain  Aug 30, 2015 01:23 I Like It. | Report Abuse
Hold
Give it a quarter.
Company has done well

Stay invested
lalit p
338.1. lalit p  Aug 30, 2015 12:07 I Like It. | Report Abuse
ponkyjain...
you are trying to create urself a duplicate of pinkyjain
no one us following you.
Stop doing this cheating work and leave the room....

guys, pls stop taking any advice from this fake ponkeyjain

thanks for the conf Supta
MANAV SHAH
337. MANAV SHAH  Aug 27, 2015 14:32 I Like It. | Report Abuse
i sold power mec at 650
atul
336. atul  Aug 27, 2015 13:54 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Based on my last suggestion yesterday those wjo bought mech @585 can hold and sell at 640.
PavanM
335. PavanM  Aug 26, 2015 23:44 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
I couldnt understand one thing. Why there is huge subscription from QIBs and NIIs for such an average IPO. Is Power mech in red just becaof bad market condition or its really over valued?
If it is overvalued, are QIBs and NIIs not aware of that? Can someone explain.
Anyways, thanks God I didnt apply, but feel sad for retail investors who got allotment and in loss due to this IPO. Wish your loss be covered in other IPOs or secondary market stocks. I understand very well how painful it will be if after applying and waiting for 10 days with much hope and it performs bad on even listing day.
PSR
335.1. PSR  Aug 27, 2015 05:04 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Your may please see my views on the issue at S.No. 18 which is reproduced below:
"18. PSR Aug 3, 2015 9:45:30 PM IST Reply
KOTAK is involved in this issue. wherever KOTAk is involved, the returns for the investors are either negative or very marginal. This fact is to be considered while applying."
atul
334. atul  Aug 26, 2015 19:23 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
For those who will miss diwali of this ipo can buy at 585 level .it will never go beyond 640 provided market sentiments improve
Rajeev Kumar Singh
333. Rajeev Kumar Singh  Aug 26, 2015 18:28 I Like It. | Report Abuse
Was busy on official duty so in the morning session could not sell my 20 stocks. When came online the stock was already in red. Not much of a loss at present. Its a good stock hammered down by market sentiments. Not to worry. It will regain soon and will be in positive territory. Just hold on for a month or so.
Rajeev Kumar Singh
333.2. Rajeev Kumar Singh  Aug 26, 2015 21:27 I Like It. | Report Abuse
Let''s see. If it goes down by another 50 I will sell. Loss of 2000. But will wait till then.
Rajeev Kumar Singh
333.3. Rajeev Kumar Singh  Aug 26, 2015 21:29 I Like It. | Report Abuse
Hmmmm... Will still wait for it to move up. If it losses another 50 then I will sell with loss of 2000. Not much but it will surely pinch.
Jatin Shah
332. Jatin Shah  Aug 26, 2015 16:11 I Like It. | Report Abuse
8.35 down, bad for investors.
Hope coming IPOs bring profit for us.
Raj Deopura
331. Raj Deopura  Aug 26, 2015 15:10 I Like It. | Report Abuse
Dear Finix

Do not think like this. Everyone earn money by doing lot of hard work. I hope u can understand.


Nalin Shah
330. Nalin Shah  Aug 26, 2015 14:36 I Like It. | Report Abuse
Very sadistic nature..
finix
329. finix  Aug 26, 2015 14:20 I Like It. | Report Abuse
i was late on last day of application. new this opened in discount. very very good. it should be better if power mech had listed at 350/-. i feel very happy when other makes loss in ipo when i have not applied.
Chirag J
329.5. Chirag J  Aug 26, 2015 22:15 I Like It. | Report Abuse
Ur account should be barred
Sadist
Chirag J
329.6. Chirag J  Aug 26, 2015 22:17 I Like It. | Report Abuse
Ur account should be barred
Mr sadist
NISHANT GULANI
328. NISHANT GULANI  Aug 26, 2015 13:57 I Like It. | Report Abuse
sorry 20*635
NISHANT GULANI
327. NISHANT GULANI  Aug 26, 2015 13:56 I Like It. | Report Abuse
I sold 20*622, 20*634 , 20*935
Am A
326. Am A  Aug 26, 2015 13:15 I Like It. | Report Abuse
Probably will have a tough time in the short term given that there are many other cos available at lower valuation!
AlokVarma
325. AlokVarma  Aug 26, 2015 13:09 I Like It. | Report Abuse
Blame on recent downfall, otherwise we would have seen decent listing gains. Fortunately, no allocation for me.
Chirag J
324. Chirag J  Aug 26, 2015 12:18 I Like It. | Report Abuse
A disappoint opening now 605
atul
323. atul  Aug 26, 2015 11:38 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Buy when when it comes below 580
VALUE INVESTOR
322. VALUE INVESTOR  Aug 26, 2015 10:57 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Sold 60@655 rs, thank god exited covering brokerage charges and around 400 Rs profit.



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