PNC Infratech IPO
PNC Infratech IPO — date, price band, lot size & details 2015
PNC Infratech listed on 26 May 2015 at ₹387, 2.4% above the ₹378 issue price.
PNC Infratech is an infrastructure construction and development company building highways, bridges, flyovers, power lines, airport runways and industrial areas. Its total income was Rs 1,156.19 crore in FY2014.
Stock price
PNC Infratech 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 15 November.
- Open 08 May 2015
- Close 12 May 2015
- Allotment 19 May 2015
- Refund/credit TBA
- Listing 26 May 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 12 May, 2015 |
|---|---|
| Price Band | ₹355 – ₹378 |
| Face Value | ₹10 |
| Lot Size | 35 Shares |
| Issue Size | ₹488.44 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 13,230 |
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 35 shares at the ₹378 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹13,230 |
| Retail (max) | 15 | 525 | ₹1,98,450 |
| S-HNI (min) | 16 | 560 | ₹2,11,680 |
| S-HNI (max) | 75 | 2,625 | ₹9,92,250 |
| B-HNI (min) | 76 | 2,660 | ₹10,05,480 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Net worth rose from Rs 491.56 crore in FY2012 to Rs 693.22 crore on 31 December 2014.
- 02It works on highways, bridges, power lines and airport runways, so it is not tied to one segment; total assets were Rs 1,499.78 crore.
- 03Rs 85.06 crore of the issue was for construction equipment.
- 04Profit after tax was steady, at Rs 66.94 crore in FY2014 and Rs 66.70 crore in nine months to December 2014.
Risks · 5
- 01Total income fell from Rs 1,307.67 crore in FY2013 to Rs 1,156.19 crore in FY2014.
- 02Profit after tax fell from Rs 78.38 crore in FY2012 to Rs 66.94 crore in FY2014.
- 03Total borrowing rose to Rs 364.01 crore on 31 December 2014.
- 04Rs 150.00 crore of the issue was for working capital, which government contracts tie up.
- 05Promoter holding fell from 72.27% before the issue to 56.07% after it.
Three years of numbers
All figures in ₹ crore, as reported in the PNC Infratech offer document.
| Metric | 31 Dec 2014 | 31 Mar 2014 | 31 Mar 2013 | 31 Mar 2012 |
|---|---|---|---|---|
| Assets | 1,499.78 | 1,280.82 | 1,117.46 | 1,033.66 |
| Total Income | 1,102.07 | 1,156.19 | 1,307.67 | 1,279.70 |
| Profit After Tax | 66.70 | 66.94 | 76.50 | 78.38 |
| NET Worth | 693.22 | 629.31 | 565.22 | 491.56 |
| Reserves and Surplus | 655.11 | 590.05 | 526.61 | 453.60 |
| Total Borrowing | 364.01 | 248.22 | 233.76 | 256.11 |
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 PNC Infratech RHP.
Where the money goes
₹416.30 Cr of the issue is earmarked to named objects.
PNC Infratech IPO Anchor Investors
24 anchor investors across 9 fund houses committed ₹145.98 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It executes major projects including highways, bridges, flyovers, power transmission lines, airport runways and industrial area development.
It offers end to end solutions including EPC on a fixed sum basis.
The IPO was Rs 488.44 crore, with Rs 434.70 crore of fresh issue and Rs 53.74 crore of offer for sale by NYLIM Jacob Ballas, at Rs 378, the top of the Rs 355 to Rs 378 band. The fresh money was for working capital, equipment, a road project SPV and repaying debt.
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.
PNC Infratech 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.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
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 PNC Infratech?
The current Grey Market Premium is ₹0.
What is the PNC Infratech IPO price band?
₹355 to ₹378, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 May 2015, with listing on 26 May 2015.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private 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.
