Power & Instrumentation (Gujarat) Ltd IPO

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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.

Power & Instrumentation (Gujarat) Ltd IPO Subscription Details


Power & Instrumentation (Gujarat) Ltd

Issue Type

Fixed Price - SME

Open Date

11 Apr

Close Date

13 Apr

Offer Price


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Contact Details of Power & Instrumentation (Gujarat) Ltd IPO

Company Contact Information

Power & Instrumentation (Gujarat) Ltd IPO
A/1 Sixth Floor Safal Profita.,
100 Ft Road Prahladnagar,
Ahmedabad, Gujarat 380015.

Phone: 91-79-40051222
Email: priyacs@grouppower.org

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Power & Instrumentation (Gujarat) Ltd IPO Lead Manager(s)

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