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Precision Camshafts Ltd IPO (Precision Camshafts IPO) Detail

Jan 27, 2016 - Jan 29, 2016

Incorporated in 1992, Precision Camshafts Ltd is world's leading manufacturer and supplier of camshafts, a critical automobile engine component. Company supply over 150 types of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications. Company has a manufacturing facilities in Solapur, Maharashtra.

Company caters to both international and domestic market. Some of the long term clients includes General Motors, Ford Motors, Hyundai, Maruti Suzuki, Tata Motors and Mahindra and Mahindra.

Company has two manufacturing facilities in Solapur, Maharashtra. This includes an export oriented unit and a domestic unit.

Precision Camshafts has two joint ventures with Ningbo Shenglong PCL Camshafts Company Limited, for machining of camshafts and PCL Shenglong (Huzhou) Specialised Casting Company Limited, for setting up a foundry in China.

What is Camshafts?

Camshafts is one of the most critical component required in all automobiles using an internal combustion (IC) engine, which includes 2-wheelers, 3-wheelers, passenger vehicles, commercial vehicles, off roaders and tractors. A camshaft and its associated parts actuate the opening and closing of the piston valves in an IC engine of an automobile. It is one of the critical components of an IC engine and the design of the camshaft impacts the engine's power, efficiency, mileage and emission.

Camshafts are designed in such a way so as to open the engine valves at the correct time and to keep them open for the necessary duration for the desired engine performance. The camshaft design, weight, manufacturing process and machining requirement vary across vehicle categories depending on the desired engine characteristics. The camshaft generally lasts the life of the IC engine, although it may be replaced if it affects the engine's performance significantly over time.

Company Promoters:

Precision Camshafts is promoted by Mr Yatin Shah and Dr Suhasini Shah, who have over 20 years of experience in the critical engine component manufacturing and have established strong business relationships with large global original equipment manufacturers. Company's promoters are first generation entrepreneurs who started the business of manufacturing of critical engine component in 1992.

Company Financials:

Particulars

For the year/period ended (in Rs. Million)
31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Liabilities 5,543.60 5,006.37 3,937.51 3,375.43 2,200.04
Total Assets 2,570.81 1,956.24 1,573.19 1,598.51 1,147.44
Total Income 5,249.19 4,718.27 3,655.95 3,114.62 2,772.83
Profit After Tax (PAT) 635.81 141.00 248.65 210.15 176.56

Objects of the Issue:

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the Selling Shareholders.

The objects of the fresh Issue are:
1. Establishment of a machine shop for ductile iron camshafts at the EOU unit; and
2. General corporate purposes; and
3. Further, Company expects that the listing of the Equity Shares will enhance its visibility and its brand image among its existing and potential customers.

Precision Camshafts IPO Details

Issue OpenJan 27, 2016 - Jan 29, 2016
Issue TypeBook Built Issue IPO
Issue Size15,867,366 Eq Shares of Rs 10
(aggregating up to Rs 410.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 180 - Rs 186 Per Equity Share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE

Precision Camshafts IPO Subscription Status (Bidding Detail)

Precision Camshafts IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

4,625,699

3,372,500

7,869,167

15,867,366

Jan 29, 2016 21:00

2.62x

0.73x

2.01x

1.91x

Precision Camshafts IPO Prospectus

Precision Camshafts IPO Rating

594
3.9
Rating:Rated 3.9 stars

Vote Here ...

Precision Camshafts IPO Listing Date

Listing DateMonday, February 8, 2016
BSE Script Code539636
NSE SymbolPRECAM
Listing InB
ISININE484I01029
Issue PriceRs 186 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 186.00
Rs 163.10
Rs 155.00
Rs 184.70
Rs 177.25
3,079,000
NSE
Rs 186.00
Rs 165.00
Rs 154.50
Rs 185.00
Rs 177.45
11,220,947

Precision Camshafts IPO Reviews / Ratings

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Company Contact Information

Precision Camshafts Ltd
E 102/103 MIDC,
Akkalkot Road, Solapur 413 006,
Maharashtra, India

Phone: + 91 217 3295433
Email: sskuber@pclindia.in
Website: http://www.pclindia.in/

Precision Camshafts IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: pcl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Precision Camshafts IPO Review / Comments

avatar
1067. Marwari  Apr 12, 2016 12:13 I Like It. | Report Abuse
PCL enter in BSE IPO Index. Is it benifit to this stock.
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1067.1. Septa  Apr 12, 2016 13:00 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
good result will only help this share move upward i am very optimistic that it will come with a very good financial number last quarter
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1066. Marwari  Apr 12, 2016 12:03 I Like It. | Report Abuse
PCL traded @ 150
legta h septa ke buying aa gaye h.
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1065. Marwari  Apr 7, 2016 21:56 I Like It. | Report Abuse
anyone know about result date.
i think it will move after result.
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1064. Marwari  Mar 26, 2016 20:57 I Like It. | Report Abuse
Why they don''t show basis of allotment.
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1064.1. starsipo  Mar 27, 2016 09:13 I Like It. | Report Abuse
Are you allotted heavily...??
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1063. Marwari  Mar 26, 2016 20:57 I Like It. | Report Abuse
Why they don''t show basis of allotment.
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1062. SATISH CHAVDA  Mar 23, 2016 15:20 I Like It. | Report Abuse
sorry septaji

i hold & wait for some days
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1061. SATISH CHAVDA  Mar 23, 2016 14:48 I Like It. | Report Abuse
Septa ji i i have 320 PCL share Today prices 143 186 -143 43 Rs. Loss per share 320x43 =13760 day to day more loss in this stock plz halp
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1061.3. Apex  Mar 24, 2016 16:31 I Like It. | Report Abuse
Septa Ji 23/3/16 ko kitne pcl share sale kite aapne
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1061.4. Septa  Mar 27, 2016 23:51 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
i will sell offline in lien with my broker in lien will buy back the same shares not sure the date i think is already gone 22nd anyway will check and do the double transaction
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1060. Septa  Mar 22, 2016 15:15 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
As i informed the forum i will update on what i am going to do on this counter. i am going to book loss before 31st march 2016 as tax strategy after the dividend on today price my loss will be close to 10 lakhs. from 1st of April i will start buying again AND WILL UPDATE THE FORUM IN FUTURE
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1060.3. gala  Mar 23, 2016 11:53 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
1. R u expecting precision camshafts to break 130 levels in short term ?

2. Some of ur valuable picks from secondary market for long term sir ?
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1060.4. Apex  Mar 23, 2016 12:40 I Like It. | Report Abuse
Septa Ji
Pcl to gyo .our kitna lower jaega market up but pcl down market down then pcl jayada down
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1059. Parminder Singh Mangat  Mar 19, 2016 20:16 I Like It. | Report Abuse
main too bought 25% more at 152.. will buy some more at 145.. I hope Septa Ji''s strategy will work..
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1058. gala  Mar 19, 2016 10:42 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Recently bought at 148 .... Septa if ur strategy changes and if u sell plzz inform us on forum ..... Ur views are always appreciated by us and thanks alot for guiding too
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1058.1. Septa  Mar 19, 2016 11:14 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
will do
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1058.2. Gravitas  Mar 19, 2016 14:18 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Me too at same price although the quantity is very small as compared to what i was aiming for at the time of IPO.
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1057. Mehul Hihoriya  Mar 17, 2016 20:25 I Like It. | Report Abuse
Jis ke pass ho vo loss kar ke nikal javo
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1056. SATISH CHAVDA  Mar 17, 2016 10:58 I Like It. | Report Abuse
Precision Camshafts hold or sell plz advice market are good but stock not moment i have 400 share in 186/- IPO prices
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1055. SATISH CHAVDA  Mar 16, 2016 16:21 I Like It. | Report Abuse
Precision Camshafts hold or sell plz advice market are good but stock not moment i have 400 share in 186/- IPO prices
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1055.1. Septa  Mar 16, 2016 19:50 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
today board has declare 10% div it is good sign market like new company declaring div even if is small amount..... IMO we have hit the bottom on price maybe u can average tomorrow if price does not go much up with the news of div.....
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1054. gala  Mar 15, 2016 18:52 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Septa I am holding many shares of precision at avg 175 do u see more pain as it is at 150 do u see more downside ?
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1054.1. Septa  Mar 15, 2016 21:08 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
i am also hold i will wait for few quarters sitting on a paper loss of 9 lakhs 10 days back i was close to even out but the share price slipped again however it has not slipped at volumes which is good sign technically which means it could jump back on low volumes....
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1054.2. Septa  Mar 15, 2016 21:11 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
correction slipped at low volumes
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1053. arbandyo  Mar 5, 2016 09:02 I Like It. | Report Abuse
dear septa,Rajeevkumar singh , i missed a fellow NC choudhary, UChit patel ,sreedhar and other boarder. if u read pls give a reply to my messages. I am holding some market leader and other for a long time basis but still not satisfed with the return they gave, ex are the precision camshaft, UFO , Adlabs and loyal equipment in BSE SME. my question seems that rally ended and market now is in consolidate phase but the analysis does not show such result so shall i exit from those counter.thks
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1053.2. arbandyo  Mar 5, 2016 16:24 I Like It. | Report Abuse
DEAR septa thanks for giving advice all I bought in ipo and for investment purpose. so all counters can be hold for 2 years or more but sometimes turmoil give a panic stricken call however. yr suggestion on Ufo and adlabs I will keep in mind. keep posting. this site has got virtually tallents like u who had guts to stick to their points ur still in loss in precision but too cool to have faith.
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1053.3. Septa  Mar 5, 2016 19:03 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
The road that is built in hope is more pleasant to the traveler than the road built in despair, even though they both lead to the same destination. I bet on knowledge and hope i have taken the right direction sometime it dead end however i see that this journey (investment) does not destroy my wealth....
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1052. IPO Riders  Mar 4, 2016 21:14 I Like It. | Report Abuse
Septaji, and all senior broaders,
I have precision of IPO Price. And I have talked some merchant bankers employees, they told in 1-2 quarter results it will catch momentum. The company is obvious good.

Please share if you have info or any target from ur sources.

If any portfolio stocks from research please share.

avatar
1052.1. Septa  Mar 5, 2016 14:22 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
it is good stock to hold may be u can average it if that is possible
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1051. Septa  Mar 4, 2016 09:23 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
in black now want to see another leg up to really see some big gain in the counter
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1050. Parminder Singh Mangat  Feb 22, 2016 13:48 I Like It. | Report Abuse
PCL ko average karu kya? 40 share khareed k 150 par mera average 174 aa jayega..
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1049. Nital Chanchani  Feb 19, 2016 10:52 I Like It. | Report Abuse
SBI MF had added again 14.2 lacs shares of PCL.
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1049.1. Marwari  Feb 19, 2016 18:25 I Like It. | Report Abuse
How it is possible becatotal traded qty near about 2 lac how can SBI MF added 14 lac shares.
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1049.2. Nital Chanchani  Feb 19, 2016 18:34 I Like It. | Report Abuse
This addition was on 8th Feb., and when SBImF has invested then there must be some potential in this stock.
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1048. Septa  Feb 18, 2016 14:15 I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ Likes)
Security-wise Delivery Position (17FEB2016)
Quantity Traded      1,36,533
Deliverable Quantity (gross across client level)      84,399
% of Deliverable Quantity to Traded Quantity      61.82 %
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1048.1. Abhilash.L.S.  Feb 22, 2016 20:31 I Like It. | Report Abuse
Please share your view on 123yr old co AMRUTANJAN



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