Business description – Power & Instrumentation is a contracting firm founded in 1983 to provide complete EPC solutions for electrical requirements and manufactured electronic boards, electrical panels & controls panel. Currently, it is engaged in providing a wide range of contracting based services in the field for Electrical, Mechanical and Instrumentation Engineering. It 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. The company offers its services related to Power & Distribution Transformers, DG Sets, HT and LT Power Distribution Panels, SCADA & Building Management Systems, Busducts and Busways, Cables and Cable Management System, Internal/External/Specialized Lighting and Uninterrupted Power Supply System (UPS) etc.
Promoters of Power & Instrumentation – Mr Padmaraj Padmnabhan Pillai and Mrs Padmavati Padmanabhan Pillai
| Power & Instrumentation IPO details | |
| Subscription Dates | 11 – 13 April 2018 |
| IPO Price band | INR33 per share |
| Fresh issue | 1,864,000 shares (INR6.15 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,864,000 shares (INR6.15 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR4.45 crore
- General Corporate Expenses – INR1.25 crore
- Issue Expenses – INR0.45 crore
| Power & Instrumentation’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 32.7 | 36.3 | 45.5 | 51.7 | 60.7 | 48.6 |
| Total expenses | 31.4 | 34.9 | 43.9 | 49.9 | 58.4 | 46.5 |
| Profit after tax | 0.9 | 0.9 | 1.1 | 1.2 | 1.6 | 1.4 |
Power & Instrumentation’s Contact Details
Power & Instrumentation Gujarat Limited
A/1, Sixth Floor, Safal Profitaire
Near Krishna Bunglows, Prahladnagar
Ahmedabad– 380015
Phone: +91 79 4005 1222
Email: [email protected]
Website: www.grouppower.org
Power & Instrumentation IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.28 |
| Day 2 | 0.73 |
| Day 3 | 9.73 |
Power & Instrumentation Valuation (Latest FY)
Earnings Per Share (EPS): INR3.06
Price/Earnings (P/E) ratio: 10.78
Return on Net Worth (RONW): 13.11%
Net Asset Value (NAV): INR23.32 per share
Registrar of Power & Instrumentation IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Power & Instrumentation IPO Allotment Status
Power & Instrumentation IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Power & Instrumentation
IPO Opening Date: 11 April 2018
IPO Closing Date: 13 April 2018
Listing Date: 23 April 2018
Listing Price on BSE SME: INR35 per share (up 6.06% from IPO price)
Closing Price on BSE SME: INR34.9 per share (up 5.75% from IPO price)
