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

August 7, 2015 - August 11, 2015

Power Mech Projects IPO is a book built issue of Rs 273.22 crores.

Power Mech Projects IPO bidding started from August 7, 2015 and ended on August 11, 2015. The shares got listed on BSE, NSE on August 26, 2015.

Power Mech Projects IPO price band is set at ₹615 to ₹640 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹12,800.

Iifl Securities Ltd, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Power Mech Projects IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Power Mech Projects IPO RHP for detailed information.

Power Mech Projects IPO Details

IPO Date August 7, 2015 to August 11, 2015
Listing Date August 26, 2015
Face Value ₹10 per share
Price Band ₹615 to ₹640 per share
Lot Size 20 Shares
Total Issue Size4,269,000 shares
(aggregating up to ₹273.22 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Power Mech Projects IPO Reservation

Power Mech Projects IPO offers 2,988,300 shares. 853,800 (28.57%) to QIB, 640,350 (21.43%) to NII, 1,494,150 (50.00%) to RII. 74,707 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 320 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered853,800 (28.57%)NA
NII (HNI) Shares Offered640,350 (21.43%)
Retail Shares Offered1,494,150 (50.00%)74,707
Total Shares Offered2,988,300 (100%)

Power Mech Projects IPO Lot Size

Investors can bid for a minimum of 20 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 20 ₹12,800
Retail (Max) 15 300 ₹192,000
Lot Size Calculator

About Power Mech Projects Ltd

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 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 (Power Mech Projects IPO Objectives)

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 Review (Apply)

[Dilip Davda]  

Remarks: Worthy bet for long term

Read detail review...

Power Mech Projects IPO Subscription Status (Bidding Detail)

The Power Mech Projects IPO is subscribed 38.12 times on August 11, 2015 5:40:00 PM. The public issue subscribed 3.42 times in the retail category, 27.53 times in the QIB category, and 133.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Power Mech Projects IPO Prospectus

Power Mech Projects IPO Rating

Rating:Rated 3.8 stars
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Power Mech Projects IPO Listing Details

Listing Date August 26, 2015
BSE Script Code 539302
ISIN INE211R01019
Final Issue Price ₹640 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Power Mech Projects Ltd Contact Details

Power Mech Projects Ltd
Plot No 77 Jubilee Enclave,
Opp Hitex Madhapur,
Hyderabad - 500081, Telangana
Phone: 91-40-30444444

Power Mech Projects IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Power Mech Projects IPO - Buy or Not

Power Mech Projects IPO Recommendation Summary

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Members 0 0 0

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Power Mech Projects IPO FAQs

Power Mech Projects IPO is a main-board IPO of 4,269,000 equity shares of the face value of ₹10 aggregating up to ₹273.22 Crores. The issue is priced at ₹615 to ₹640 per share. The minimum order quantity is 20 Shares.

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

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

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

Power Mech Projects IPO lot size is 20 Shares, and the minimum amount required is ₹12,800.

You can apply in Power Mech Projects 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 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 August 26, 2015.
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Power Mech Projects IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



341. dpcdsl |   Link |  Bookmark |September 26, 2015 8:14:58 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Is Power Mech, a Monte Carlo in making?
340. Heri |   Link |  Bookmark |September 8, 2015 4:52:59 PM
I have 40 share. what can i do ?
339. uv |   Link |  Bookmark |September 8, 2015 12:10:28 PM
Pinkijain ji, septaji

I hv 80 shares of Power mech.
Plz guide hold kre ya sell kre in loss.
338. ponkyjain |   Link |  Bookmark |August 30, 2015 1:23:12 AM
Give it a quarter.
Company has done well

Stay invested
338.1. lalit p |   Link |  Bookmark |August 30, 2015 12:07:17 PM
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
337. MANAV SHAH |   Link |  Bookmark |August 27, 2015 2:32:21 PM
i sold power mec at 650
336. atul |   Link |  Bookmark |August 27, 2015 1:54:43 PM (300+ Posts)
Based on my last suggestion yesterday those wjo bought mech @585 can hold and sell at 640.
335. PavanM |   Link |  Bookmark |August 26, 2015 11:44:10 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ 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.
335.1. PSR |   Link |  Bookmark |August 27, 2015 5:04:53 AM
IPO Guru IPO Guru (1200+ Posts, 700+ 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."
334. atul |   Link |  Bookmark |August 26, 2015 7:23:18 PM (300+ 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
333. Rajeev Kumar Singh |   Link |  Bookmark |August 26, 2015 6:28:21 PM
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.
333.2. Rajeev Kumar Singh |   Link |  Bookmark |August 26, 2015 9:27:37 PM
Let''s see. If it goes down by another 50 I will sell. Loss of 2000. But will wait till then.
333.3. Rajeev Kumar Singh |   Link |  Bookmark |August 26, 2015 9:29:33 PM
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.
332. Jatin Shah |   Link |  Bookmark |August 26, 2015 4:11:49 PM
8.35 down, bad for investors.
Hope coming IPOs bring profit for us.
331. Raj Deopura |   Link |  Bookmark |August 26, 2015 3:10:49 PM
Dear Finix

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

330. Nalin Shah |   Link |  Bookmark |August 26, 2015 2:36:33 PM
Very sadistic nature..
329. finix |   Link |  Bookmark |August 26, 2015 2:20:45 PM
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.
329.5. Chirag J |   Link |  Bookmark |August 26, 2015 10:15:42 PM
Ur account should be barred
329.6. Chirag J |   Link |  Bookmark |August 26, 2015 10:17:53 PM
Ur account should be barred
Mr sadist
328. NISHANT GULANI |   Link |  Bookmark |August 26, 2015 1:57:15 PM
sorry 20*635
327. NISHANT GULANI |   Link |  Bookmark |August 26, 2015 1:56:52 PM
I sold 20*622, 20*634 , 20*935
326. Am A |   Link |  Bookmark |August 26, 2015 1:15:33 PM
Probably will have a tough time in the short term given that there are many other cos available at lower valuation!
325. AlokVarma |   Link |  Bookmark |August 26, 2015 1:09:55 PM
Blame on recent downfall, otherwise we would have seen decent listing gains. Fortunately, no allocation for me.
324. Chirag J |   Link |  Bookmark |August 26, 2015 12:18:30 PM
A disappoint opening now 605
323. atul |   Link |  Bookmark |August 26, 2015 11:38:28 AM (300+ Posts)
Buy when when it comes below 580
322. VALUE INVESTOR |   Link |  Bookmark |August 26, 2015 10:57:11 AM (900+ Posts, 600+ Likes)
Sold 60@655 rs, thank god exited covering brokerage charges and around 400 Rs profit.