The Equity Shares of PG Electroplast Limited would be listed and admitted to the dealings on the exchanges with effect from Monday, September 26, 2011. The following are the Listing Details:

PG Electroplast Limited Listing Info:
ISIN: INE457L01011
Listing Date: Monday, September 26, 2011
BSE Scrip Code: 533581
NSE Symbol: PGEL
Listing Group: 'B' Group of Securities
Issue Price: Rs. 210/- per equity share

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 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

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		2872500		2822550		0.9826
HNI		861750		1583520		1.8376
Retail (RII)		2010750		3297270		1.6398
Total						1.34		times

QIB: 0.98 times
Non-Institutional Investors: 1.84 times
Retail: 1.64 times
Overall: 1.34 times

QIB: 0.29 times
Non-Institutional Investors: 0.24 times
Retail: 0.02 times
Overall: 0.19 times

MLR Research has come out with a research report recommending the investors to Avoid the IPO of PG Electroplast Limited. The IPO opened for subscription from September 7, 2011 and would close on September 12, 2011. The shares are offered in a price band of Rs.190/- to Rs.210/- per equity share with a Face Value of Rs.10/- per share

PG Electroplast Limited 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

Click here to read more on recommendation from MLR Research!