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Monday, September 5, 2011

PG Electroplast IPO opens from September 7, 2011

PG Electroplast Limited, an electronic manufacturing services provider, is entering capital market with a public issue of 57.45 Lakh Equity Shares of Rs.10/- each on September 7, 2011. The company manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

PG Electroplast Limited intends to use that money for prepayment of the portion of term loan and line of credit facility proposed to be availed by company for the expansion under Phase I; expansion of manufacturing facility at Unit III, Greater Noida; expansion of manufacturing facility at Unit IV, Pune; and for long term working capital requirements

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