About the Company:
Power & Instrumentation Ltd is a contracting firm founded in 1983 to provide complete EPC solutions for electrical requirements and manufactured electronic boards, electrical panels & controls panel.
Company is engaged in providing a wide range of contracting based services in the field for Electrical, Mechanical and Instrumentation Engineering.
They have been providing the clients with complete turnkey solutions from concept to commissioning which includes Design, procurement, installation, testing & commissioning and maintenance of the system.
Company caters to the specific requirement i.e. 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.
Company has vast experience in executing Electro-Mechanical projects for reputed clientele across various industries such as Engineering and allied products, Textiles, Steel & Non-ferrous metals, Petrochemicals, etc.
Company has executed projects for Sardar Vallabhbhai Patel International Airport, Ahmedabad, Raja Bhoj Airport, Bhopal, U N Mehta Hospital, Ahmedabad, Secretariat Building, Naya Raipur, YMCA Club, Ahmedabad etc.
Revenue Breakup: (Government & Non Government Clients)
Currently Company has orders from the following Clients:
- Indian Institute of Science Education and Research : Bhopal
- National Buildings Construction Corporation Limited : Gurgaon ,Haryana
- Goa State Infrastructure Development Corporation Limited : Goa
- Central Public Works Department-Nagpur
- NISM Project, CPWD, New Mumbai
- CPWD –Gandhinagar
- Airport Authority of India-GOA.
- Mr. Padmaraj Padmnabhan Pillai (Designation: Managing Director)
- Mr. Sumeet Dileep Agnihotri (Designation: Chairman and Non Executive Director)
- Mr. Sriram Padmanabhan Nair (Designation: Executive Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
|Mr. Padmaraj Padmnabhan Pillai||18,14,800||1.84|
|Mrs. Padmavati Padmanabhan Pillai||8,00,000||2.38|
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake (%)|
|Padmaraj Padamanbhan Pillai||35.04%||25.76%|
|Padmavati Padamanbhan Pillai||15.44%||11.36%|
|Promoter Group Entities||44.15%||32.46%|
Objectives of the Issue:
- To Meet Working Capital Requirement.
- General Corporate Expenses.
- To Meet the Issue Expenses.
|Particulars||Amount (Rs. in Crores)|
|Working Capital requirements||4.45|
|General Corporate Expenses||1.25|
|Net Proceeds||6.15 cr|
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Dec 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio|
|Power & Instrumentation (Guj.)Ltd.||10||3.06||10.78|
|HEC Infra Projects Ltd||10||15.60||10.45|
|Prerna Infranuild Ltd||10||0.92||4.42|
|MEP Infrastructure Developers Ltd||10||1.09||47.78|
|Issue Opens on||11th April 2018|
|Issue Closes on:.||13th April 2018|
|Issue Size||Rs.6.15 cr|
|Market Cap||Rs.23.24 cr|
|Listing at||NSE SME|
|Total Equity Shares Offered (Fresh)||18,64,000|
|Equity Shares Prior||51,79,900|
|Equity Shares after the issue||70,43,900|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
|Company Contact Info:|
|Power & Instrumentation (Gujarat) Limited
A/1, Sixth Floor,
Safal Profitaire, Near Krishna Bunglows,
100Ft. Road, Prahladnagar,
Ahmedabad– 380015, Gujarat, India
Telephone: +91 79-40051222
|IPO Registrar Info:|
|SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
4A9, Gundecha Onclave,
Kherani Road, Sakinaka,
Mumbai – 400 072
Tel No.: +91 22 2851 1022 / 6221 5779
Investor Email: firstname.lastname@example.org
|Lead Manager to the Issue:|
|NAVIGANT CORPORATE ADVISORS LIMITED
423, A Wing, Bonanza,
Sahar Plaza Complex,
J. B. Nagar, Andheri-Kurla Road,
Andheri (East), Mumbai – 400 059
Telephone: +91 22 4120 4837; +91 22 4973 5078