Registered Office:
A/1 Sixth Floor Safal Profita.,100 Ft Road Prahladnagar,
Ahmedabad -
380015,
Gujarat, India.
Phone : 91-79-40051222 Fax:91-79-40051222
Email : priyacs@grouppower.org
Website : www.grouppower.org
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| 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.
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|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 11-Apr-18 |
13-Apr-18 |
33.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
4000
Further Multiples of :
4000
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|
| |
Rs Cr |
Lead Managers to the Issue |
| Project Cost |
6.15 |
Navigant Corporate Advisors Ltd
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| Project Financed through Current Offer |
6.15 |
|
| Post Issue Equity Share Capital |
7.04 |
|
| Issue Price |
33.00 |
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