IPO Issue Details
Issue Price / Price Band₹640 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size20 Shares per Lot
Total Issue Size42,69,000 shares (aggregating up to ₹273.22 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 07 Aug 2015
Subscription CloseTue, 11 Aug 2015
Anchor AllotmentThu, 06 Aug 2015
Basis of AllotmentMon, 17 Aug 2015
Initiation of RefundsTue, 18 Aug 2015
Credit of Shares to DematTue, 18 Aug 2015
Listing DateWed, 26 Aug 2015
UPI Mandate Deadline2015-08-11
Application & Investment Details
Retail — Min (1 Lots)₹12,800 — 20 shares
Retail — Max (13 Lots)₹166,400 (13 Lots)
HNI — Min (16 Lots)₹2,04,800 — 320 shares
Pre-IPO Promoter Holding1,25,82,764 shares
Post-IPO Promoter Holding1,47,10,764 shares
Fresh Issue Shares21,28,000 shares (aggregating up to ₹136.19 Cr)
Offer for Sale Shares21,41,000 shares of ₹10 (aggregating up to ₹137.02 Cr)
About Power Mech Projects Ltd.
Incorporated in 2007, Power Mech Projects Ltd is one of the leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators ("ETC-BTG") and balance of plant ("BOP") works, civil works and operation and maintenance (O&M) services.Company's operations include three principal business lines:1. Erection Works;2. Operation & Maintenance (O&M) Services; and3. Civil Works.They have established a track record of successfully executing ETC-BTG and BOP contracts for large power projects including for 800 MW unit capacity super-critical projects. They have been engaged on ETC-BTG projects for the first two ultra-mega power projects (UMPPs) in India as well as for 16 super-critical power projects in India. They were also one of the first companies in India to carry out the overhauling of a super-critical 660 MW turbine and providing AMC services for an ultra-mega power project (UMPP).They have worked on various projects for Bharat Heavy Electricals Ltd, NTPC Ltd, Doosan Power Systems India Private Ltd, Adani Power Ltd, Larsen & Toubro Ltd-Thermal Power Plant Construction BU, Thermal Powertech Corporation India Ltd, GE Power Services (India) Private Ltd, CLP India Private Ltd, BGR Energy Systems Ltd, Siemens Ltd, Jindal India Thermal Power Ltd and Reliance Infrastructure Ltd.
Objects of the Issue
Power Mech Projects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding working capital requirements of the Company
105.00
2
2 General Corporate Purposes
21.64
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,25,82,764 shares
Post-IPO Promoter Holding
1,47,10,764 shares