Power & Instrumentation (Gujarat) Ltd IPO


IPO Subscription Details

  • Open Date 11 Apr
  • Close Date 13 Apr
  • Lot Size 4000
  • IPO Size ₹ 6.15 Cr
  • IPO Price Range ₹ 33
  • Min Investment ₹ 132000

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Power & Instrumentation (Gujarat) Ltd IPO

Contact Information

A/1 Sixth Floor Safal Profita.,
100 Ft Road Prahladnagar,
Ahmedabad, Gujarat 380015

Power & Instrumentation (Gujarat) Ltd IPO Lead Manager

Navigant Corporate Advisors Ltd

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