Precision Camshafts IPO
Precision Camshafts IPO — date, price band, lot size & details 2016
Precision Camshafts listed on 8 Feb 2016 at ₹165, 11.3% below the ₹186 issue price.
Precision Camshafts makes camshafts, a critical engine part, supplying over 150 types for cars, tractors, light commercial vehicles and locomotives. Its total income was Rs 524.92 crore in FY2015.
Stock price
Precision Camshafts 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 27 Jan 2016
- Close 29 Jan 2016
- Allotment 03 Feb 2016
- Refund/credit TBA
- Listing 08 Feb 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Jan, 2016 |
|---|---|
| Price Band | ₹180 – ₹186 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹410.19 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,880 |
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 80 shares at the ₹186 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹14,880 |
| Retail (max) | 13 | 1,040 | ₹1,93,440 |
| S-HNI (min) | 14 | 1,120 | ₹2,08,320 |
| S-HNI (max) | 67 | 5,360 | ₹9,96,960 |
| B-HNI (min) | 68 | 5,440 | ₹10,11,840 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 365.60 crore in FY2013 to Rs 524.92 crore in FY2015.
- 02Profit after tax rose from Rs 14.10 crore in FY2014 to Rs 63.58 crore in FY2015.
- 03It supplies over 150 types of camshafts to Indian and global customers.
- 04Rs 200.00 crore of the issue was for a new machine shop for ductile iron camshafts.
Risks · 5
- 01Profit after tax fell from Rs 24.87 crore in FY2013 to Rs 14.10 crore in FY2014, so earnings are volatile.
- 02It depends on a single product, camshafts, for vehicle makers; total assets were Rs 550.01 crore.
- 03Sales to international customers bring currency risk; profit was Rs 31.46 crore in six months to September 2015.
- 04Rs 170.19 crore of the issue went to selling shareholders.
- 05Promoter holding fell from 81.51% before the issue to 63.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Precision Camshafts offer document.
| Metric | 30 Sep 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 550.01 | 554.36 | 500.64 | 393.75 |
| Total Income | 246.38 | 524.92 | 471.83 | 365.60 |
| Profit After Tax | 31.46 | 63.58 | 14.10 | 24.87 |
| NET Worth | 270.74 | 238.12 | 176.87 | 112.06 |
| Reserves and Surplus | 188.90 | 156.28 | 172.78 | 108.97 |
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 Precision Camshafts RHP.
Where the money goes
₹226.86 Cr of the issue is earmarked to named objects.
About the company
It supplies over 150 types of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engines, to both Indian and international customers.
Its manufacturing facilities are in Solapur, Maharashtra.
The IPO was Rs 410.19 crore, with Rs 240.00 crore of fresh issue and Rs 170.19 crore of offer for sale, at Rs 186, the top of the Rs 180 to Rs 186 band. Most of the fresh money was for a machine shop for ductile iron camshafts at its EOU unit.
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.
Precision Camshafts 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.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Paytm (-9.3%).
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 Precision Camshafts?
The current Grey Market Premium is ₹0.
What is the Precision Camshafts IPO price band?
₹180 to ₹186, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 February 2016, with listing on 8 February 2016.
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.
