PG Electroplast IPO crawls through - Indian IPO Blog

Monday, September 12, 2011

PG Electroplast IPO crawls through

PG Electroplast IPO received a lackluster subscription with the IPO getting subscribed at 1.34 times on an overall basis on its closing day. The IPO was subscribed 0.98 times in the QIB area with 1.84 times and 1.64 times subscription in HNI and Retail Category respectively

PG Electroplast IPO, which had opened for subscription from September 7, 2011, had largely remained undersubscribed for the initial three days of its opening and it was only on the closing day that the IPO managed to get through. PG Electroplast Limited is primarily engaged in the business of Electronic Manufacturing Services. PG Electroplast manufactures products as color television sets (CTV) & components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties. It also does plastic injection moulding and manufacture Printed Circuit Boards (PCB) assemblies for CTVs, DVD players and CFL.

Click here to check out PG Electroplast IPO - Final Oversubscription Statistics

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