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Power & Instrumentation (Gujarat) Ltd
Registered Office:
A/1 Sixth Floor Safal Profita.,100 Ft Road Prahladnagar,
Ahmedabad - 380015,
Gujarat, India.
Website :  www.grouppower.org
Public issue of 18,64,000 equity shares of a face value of (Rs) 10/- each (The "Equity Shares") of Power & Instrumentation (Gujarat) Limited ("PIGL" or The "Company") for cash at a price of (Rs) 33/- per share (The "Issue Price"), aggregating to (Rs) 6.15 crores ("The Issue"), of which, 96,000 equity shares of (Rs) 10/- each will be reserved for subscription by market maker to the issue (The "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 17,68,000 equity shares of (Rs) 33/- each is hereinafter referred to as the "Net Issue" aggregating (Rs) 5.83 crores (The "Issue"). The issue and the net issue will constitute 26.46% and 25.10%, respectively of the post issue paid-up equity share capital of the company. The Face value of the equity shares is (Rs) 10 each and the issue price is 3.3 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
11-Apr-18
13-Apr-18
33.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000   Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
6.15
Navigant Corporate Advisors Ltd
Project Financed through Current Offer
6.15
 
Post Issue Equity Share Capital
7.04
 
Issue Price
33.00
 
Projects
To meet working capital requirement
General corporate expenses
Promoted By
Padmaraj Padmnabhan Pillai
Padmavati Padmanabhan Pillai
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
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