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Power & Instrumentation (Gujarat) Ltd

Registered Office : A/1 Sixth Floor Safal Profita.,100 Ft Road Prahladnagar,Ahmedabad Gujarat 380015 Phone : 91-79-40051222
Fax : 91-79-40051222

Email : priyacs@grouppower.org

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

Opens On

Closes On

11-Apr-2018

13-Apr-2018

Money Payable On

Application

Allotment

33.00

0.00

Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

6.15

7.04

33.00

Navigant Corporate Advisors Ltd

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