Power & Instrumentation Ltd

Power & Instrumentation Ltd

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)

revenue details

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
  • CPWD-Calicut
  • Airport Authority of India-GOA.


Management Team:

  1. Mr. Padmaraj Padmnabhan Pillai (Designation: Managing Director)
  2. Mr. Sumeet Dileep Agnihotri (Designation: Chairman and Non Executive Director)
  3. 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%
Total 94.63% 69.59%


Objectives of the Issue:

  • To Meet Working Capital Requirement.
  • General Corporate Expenses.
  • To Meet the Issue Expenses.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 4.45
General Corporate Expenses 1.25
Issue Expenses 0.45
Net Proceeds 6.15 cr


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st Dec 17
Revenue 32.70   36.33  45.46  51.66 60.72  48.56
Net Profit 0.87   0.95  1.07  1.22  1.56  1.40


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


IPO Details:

Details Info
Issue Opens on 11th April 2018
Issue Closes on:. 13th April 2018
Issue Price Rs.33
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,32,000
Issue Constitutes 26.46%
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)
3.06 10.78 13.11% 23.32


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 5%


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
Website: www.grouppower.org


IPO Registrar Info:
4A9, Gundecha Onclave,
Kherani Road, Sakinaka,
Mumbai – 400 072
Tel No.: +91 22 2851 1022 / 6221 5779
Email: Mumbai@skylinerta.com;
Investor Email: grievances@skylinerta.com
Website: www.skylinerta.com


Lead Manager to the Issue:
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
Email: sarthak@navigantcorp.com
Website: www.navigantcorp.com