Power & Instrumentation IPO is set to make its debut on 12th April 18 with 6.5 cr is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering.
Power & Instrumentation IPO – overview
| IPO Dates | 11-13 April 18 |
| IPO Price | INR 33 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,864,000 shares (INR 6.5 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 1983, Power & Instrumentation (Gujarat) Limited is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. The company has been providing the clients with complete turnkey solutions from concept to commissioning which includes Design, procurement, installation, testing & commissioning and maintenance of the system.
Apart from private sector entities, the company is also involved in bidding and executing government and semi-government projects. It has executed projects for Sardar Vallabhbhai Patel International Airport, Ahmedabad, Raja Bhoj Airport, Bhopal, U N Mehta Hospital, Ahmedabad, Secretariat Building, Naya Raipur, YMCA Club, Ahmedabad etc.
Currently, the company has order on-hand
from the following Clienteles:
1. Indian Institute of Science Education and Research: Bhopal
2. National Buildings Construction Corporation Limited: Gurgaon, Haryana
3. Goa State Infrastructure Development Corporation Limited: Goa
4. Central Public Works Department-Nagpur
5. NISM Project, CPWD, New Mumbai
6. Ajmer Vidyut Vitran Nigam Ltd -Ajmer
7. MTNLworli – Mumbai
8. Airport Authority of India – Jammu Airport – Jammu
9. CPWD-NIMS Patalganga
10. Gujarat High Court – Ahmedabad – PWD
11. Airport Authority of India – Bhopal Airport
12. Airport Authority of India – Srinagar Airport
13. Naya Raipur Development Authority
14. Chennai Port Trust
15. Sardar Sarovar Narmada Nigam Limited
16. Mahanagar Telephone Nigam Limited -Prabhadevi
17. Mahanagar Telephone Nigam Limited -Cumballa
18. CPWD -Gandhinagar
19. CPWD-Calicut
20. Airport Authority of India-GOA
It has employed 58 employees (including skilled, semi-skilled and unskilled).
Objects of the Issue
1 To Meet Working Capital Requirement
2. General Corporate Expenses
3. To Meet the Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 5,056.00 | 4,260.62 | 3,122.52 |
| Total Revenue | 6,072.79 | 5,166.19 | 4,546.73 |
| Profit After Tax | 156.66 | 122.39 | 107.17 |
Company Contact Information
Power & Instrumentation (Gujarat) Limited
A/1, Sixth Floor, Safal Profitaire,
Near Krishna Bunglows, 100 Ft. Road
Prahladnagar, Ahmedabad- 380015
Phone: +91 79-40051222
Email: priyacs@grouppower.org
Website: http://grouppower.org/
Power Instrumentation Gujarat IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: Mumbai@skylinerta.com
Website: https://www.skylinerta.com/
Power Instrumentation Gujarat IPO Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
