PG Electroplast Limited is entering into primary market with an Initial Public Offering (IPO) of 5,745,000 Equity Shares of Rs 10 each. The IPO is opening on — and the shares will be available for subscription up to —. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 190 – Rs 210 Per Equity Share. The company is likely to raise around Rs 120.65 Crore through the issue at the upper level of price band. PG Electroplast Limited is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India.
The proceeds of the IPO are proposed to be utilized for Prepayment of the portion of term loan and line of credit facility proposed to be availed by the Company for the expansion under Phase I, expansion of the manufacturing facility at Unit III, Greater Noida, expansion of the manufacturing facility at Unit IV, Ahmednagar, meeting long term working capital requirements, general corporate purposes and IPO expenses.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
IPO Summary :-
IPO Open : –
IPO Type : 100% Book Built Issue IPO
IPO Size : 5,745,000 Equity Shares of Rs 10 each
IPO Size : Rs 109.16 – 120.65 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 190 – Rs 210 Per Equity Share
Minimum Bid Quantity : – Shares (Rs. — with 1 Lot) @ upper level of price band
Maximum Bid Quantity : — Shares (Rs. —- with — Lots ) @ upper level of price band
Listing At : BSE, NSE
The Sole Book running lead manager (BRLM) to the issue is Almondz Global Securities Limited.
Registrar of the Issue : Karvy Computershare Private Limited Hyderabad.
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