Power & Instrumentation (Gujarat) Ltd - IPO

Power & Instrumentation (Gujarat) Ltd IPO Details

Public issue of 18,64,000 equity shares of a face value of Rs. 10/- each (The Equity Shares) of Power & Instrumentation (Gujarat) Limited (PIGL or The Company) for cash at a price of Rs. 33/- per share (The Issue Price), aggregating to Rs. 6.15 crores (The Issue), of which, 96,000 equity shares of Rs. 10/- each will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 17,68,000 equity shares of Rs. 33/- each is hereinafter referred to as the Net Issue aggregating Rs. 5.83 crores (The Issue). The issue and the net issue will constitute 26.46% and 25.10%, respectively of the post issue paid-up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price is 3.3 times of the face value.

Objective of issue

To meet working capital requirement. General corporate expenses.

Power & Instrumentation (Gujarat) Ltd Contact Details

Power & Instrumentation (Gujarat) Ltd, 4A9 Gundecha Onclave, Kherani Rd Sakinaka, , mumbai 400072

Phone - 91-022-62215779/28511022

Fax -

Email - priyacs@grouppower.org

Website - www.grouppower.org