PG Electroplast IPO has seen a bumper listing with the share more than doubling on the listing day of the IPO. The share which was issued at a price of Rs.210/- per share

PG Electroplast went on to touch an intra-day low of Rs.175.05 on the BSE, but then shooted up to touch even Rs.490/- at one point before closing the day at Rs.411.65 a share, at a staggering premium of 96.02% over the Issue Price

PG Electroplast Ltd is engaged in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

PG Electroplast IPO Price Band has been fixed at Rs.190/- to Rs.210/- per equity share for a share of Rs.10/- each. PG Electroplast is an electronic manufacturing services provider, whose IPO would open for subscription from tomorrow, 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

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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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