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 Financials


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

IPO Date Jan 27, 2016 to Jan 29, 2016
Listing Date Monday, February 8, 2016
Face Value ₹10 per share
Price ₹180 to ₹186 per share
Lot Size 80 Shares
Issue Size15,867,366 shares of ₹10
(aggregating up to ₹410.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

Precision Camshafts IPO Lot Size

The Precision Camshafts IPO lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹193,440).

Application Lots Shares Amount
Retail (Min) 1 80 ₹14,880
Retail (Max) 13 1040 ₹193,440

Precision Camshafts IPO Review

Considering the past track records and future plans with additions of tailor made products of western and eastern countries, issue may be considered for investment for short to long term.

Read detail review...

Precision Camshafts IPO Subscription Status (Bidding Detail)

The Precision Camshafts IPO is subscribed 1.91 times on Jan 29, 2016 9:00:00 PM. The public issue subscribed 2.01 times in the retail category, 2.62 times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Precision Camshafts IPO Prospectus

Precision Camshafts IPO Rating

Rating:Rated 3.9 stars
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Precision Camshafts IPO Listing Date

Listing Date Monday, February 8, 2016
BSE Script Code 539636
Listing In B Group of Securities
ISIN INE484I01029
IPO Price ₹186 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Precision Camshafts Ltd
E 102/103 MIDC,
Akkalkot Road, Solapur 413 006,
Maharashtra, India
Phone: + 91 217 3295433

Precision Camshafts IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Precision Camshafts IPO Review

Precision Camshafts IPO Recommendation Summary

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Precision Camshafts IPO FAQs

Precision Camshafts IPO is a main-board IPO of 15,867,366 equity shares of the face value of ₹10 aggregating up to ₹410.00 Crores. The issue is priced at ₹180 to ₹186 per share. The minimum order quantity is 80 Shares.

The IPO opens on Jan 27, 2016, and closes on Jan 29, 2016.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Precision Camshafts IPO opens on Jan 27, 2016 and closes on Jan 29, 2016.

Precision Camshafts IPO lot size is 80 Shares and the minimum order quantity is .

You can apply in Precision Camshafts 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 Precision Camshafts IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Precision Camshafts IPO allotment status.

The Precision Camshafts IPO listing date is on Monday, February 8, 2016.
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Precision Camshafts IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



1067. Marwari |   Link |Apr 12, 2016 1:13:05 PM
PCL enter in BSE IPO Index. Is it benifit to this stock.
1067.1. Septa |   Link |Apr 12, 2016 2:00:28 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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
1066. Marwari |   Link |Apr 12, 2016 1:03:43 PM
PCL traded @ 150
legta h septa ke buying aa gaye h.
1065. Marwari |   Link |Apr 7, 2016 10:56:37 PM
anyone know about result date.
i think it will move after result.
1064. Marwari |   Link |Mar 26, 2016 9:57:19 PM
Why they don''t show basis of allotment.
1064.1. starsipo |   Link |Mar 27, 2016 10:13:50 AM
Are you allotted heavily...??
1063. Marwari |   Link |Mar 26, 2016 9:57:09 PM
Why they don''t show basis of allotment.
1062. SATISH CHAVDA |   Link |Mar 23, 2016 4:20:33 PM
sorry septaji

i hold & wait for some days
1061. SATISH CHAVDA |   Link |Mar 23, 2016 3:48:34 PM
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
1061.3. Apex |   Link |Mar 24, 2016 5:31:38 PM
Septa Ji 23/3/16 ko kitne pcl share sale kite aapne
1061.4. Septa |   Link |Mar 28, 2016 12:51:03 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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
1060. Septa |   Link |Mar 22, 2016 4:15:18 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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
1060.3. gala |   Link |Mar 23, 2016 12:53:06 PM
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 ?
1060.4. Apex |   Link |Mar 23, 2016 1:40:20 PM
Septa Ji
Pcl to gyo .our kitna lower jaega market up but pcl down market down then pcl jayada down
1059. Parminder Singh Mangat |   Link |Mar 19, 2016 9:16:28 PM
main too bought 25% more at 152.. will buy some more at 145.. I hope Septa Ji''s strategy will work..
1058. gala |   Link |Mar 19, 2016 11:42:58 AM
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
1058.1. Septa |   Link |Mar 19, 2016 12:14:35 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
will do
1058.2. Gravitas |   Link |Mar 19, 2016 3:18:11 PM
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.
1057. Mehul Hihoriya |   Link |Mar 17, 2016 9:25:22 PM
Jis ke pass ho vo loss kar ke nikal javo
1056. SATISH CHAVDA |   Link |Mar 17, 2016 11:58:16 AM
Precision Camshafts hold or sell plz advice market are good but stock not moment i have 400 share in 186/- IPO prices
1055. SATISH CHAVDA |   Link |Mar 16, 2016 5:21:49 PM
Precision Camshafts hold or sell plz advice market are good but stock not moment i have 400 share in 186/- IPO prices
1055.1. Septa |   Link |Mar 16, 2016 8:50:55 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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.....
1054. gala |   Link |Mar 15, 2016 7:52:51 PM
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 ?
1054.1. Septa |   Link |Mar 15, 2016 10:08:03 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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....
1054.2. Septa |   Link |Mar 15, 2016 10:11:02 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
correction slipped at low volumes
1053. arbandyo |   Link |Mar 5, 2016 10:02:14 AM
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
1053.2. arbandyo |   Link |Mar 5, 2016 5:24:24 PM
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.
1053.3. Septa |   Link |Mar 5, 2016 8:03:42 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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....
1052. IPO Riders |   Link |Mar 4, 2016 10:14:18 PM
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.

1052.1. Septa |   Link |Mar 5, 2016 3:22:39 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
it is good stock to hold may be u can average it if that is possible
1051. Septa |   Link |Mar 4, 2016 10:23:40 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
in black now want to see another leg up to really see some big gain in the counter
1050. Parminder Singh Mangat |   Link |Feb 22, 2016 2:48:42 PM
PCL ko average karu kya? 40 share khareed k 150 par mera average 174 aa jayega..
1049. Nital Chanchani |   Link |Feb 19, 2016 11:52:51 AM
SBI MF had added again 14.2 lacs shares of PCL.
1049.1. Marwari |   Link |Feb 19, 2016 7:25:32 PM
How it is possible becatotal traded qty near about 2 lac how can SBI MF added 14 lac shares.
1049.2. Nital Chanchani |   Link |Feb 19, 2016 7:34:11 PM
This addition was on 8th Feb., and when SBImF has invested then there must be some potential in this stock.
1048. Septa |   Link |Feb 18, 2016 3:15:43 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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 %
1048.1. Abhilash.L.S. |   Link |Feb 22, 2016 9:31:25 PM
Please share your view on 123yr old co AMRUTANJAN