PG Electroplast IPO
PG Electroplast IPO — date, price band, lot size & details 2011
PG Electroplast listed on 26 Sep 2011 at ₹215, 2.4% above the ₹210 issue price.
PG Electroplast is an electronic manufacturing services (EMS) company making components and finished goods such as TVs, AC sub assemblies, water purifiers and CFLs for consumer electronics brands. Its total income was Rs 427.54 crore in FY2011.
Stock price
PG Electroplast is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 07 Sep 2011
- Close 12 Sep 2011
- Allotment 19 Sep 2011
- Refund/credit TBA
- Listing 26 Sep 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 12 Sep, 2011 |
|---|---|
| Price Band | ₹190 – ₹210 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹120.65 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹210 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹6,300 |
| Retail (max) | 31 | 930 | ₹1,95,300 |
| S-HNI (min) | 32 | 960 | ₹2,01,600 |
| S-HNI (max) | 158 | 4,740 | ₹9,95,400 |
| B-HNI (min) | 159 | 4,770 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 128.02 crore in FY2009 to Rs 427.54 crore in FY2011.
- 02Profit after tax rose from Rs 1.14 crore in FY2009 to Rs 17.90 crore in FY2011.
- 03It serves several product lines, from TVs to water purifiers and CFLs; net worth was Rs 43.66 crore.
- 04Rs 37.31 crore of the issue was for expanding its Ahmednagar unit.
Risks · 5
- 01Total borrowing rose from Rs 20.11 crore in FY2009 to Rs 68.46 crore in FY2011, above its net worth.
- 02Profit after tax was Rs 17.90 crore on income of Rs 427.54 crore in FY2011, so margins are thin.
- 03EMS makers depend on brand customers, who can move orders to rivals; total assets were Rs 162.30 crore.
- 04Products such as DVD players and CFLs can become outdated quickly; it needed Rs 15.00 crore of working capital.
- 05Promoters held 100% before the issue and 65% after it.
Three years of numbers
All figures in ₹ crore, as reported in the PG Electroplast offer document.
| Metric | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|
| Assets | 162.30 | 102.09 | 62.44 |
| Total Income | 427.54 | 353.36 | 128.02 |
| Profit After Tax | 17.90 | 10.04 | 1.14 |
| NET Worth | 43.66 | 27.42 | 17.38 |
| Reserves and Surplus | 34.66 | 16.76 | 8.93 |
| Total Borrowing | 68.46 | 40.11 | 20.11 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the PG Electroplast RHP.
Where the money goes
₹120.65 Cr of the issue is earmarked to named objects.
About the company
It makes electronic components and finished goods for consumer electronics brands in India, which sell them under their own names.
Its products include colour television sets and components, air conditioner sub assemblies, DVD players, water purifiers and compact fluorescent lamps.
The IPO was Rs 120.65 crore and was entirely fresh issue at Rs 210, the top of the Rs 190 to Rs 210 band. The money was for prepaying loans taken for expansion, expanding units at Greater Noida and Ahmednagar, and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
PG Electroplast IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of PG Electroplast?
The current Grey Market Premium is ₹0.
What is the PG Electroplast IPO price band?
₹190 to ₹210, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 September 2011, with listing on 26 September 2011.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
