The company is a contracting firm founded in 1983 to provide complete EPC solutions for electrical requirements and manufactured electronic boards, electrical panels & controls panel. Currently, we are engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. We have been providing the clients with complete turnkey solutions from concept to commissioning which includes Design, procurement, installation, testing & commissioning and maintenance of the system. We believe that the one-stop solution provided by us has made us amongst the most trustworthy organizations which are reflected by the number of repeated orders received from the same clientele.We offer a complete solution to electrical equipment. We are listing some of the major services offered by us regularly but we also believe that every requirement is specific and hence we also prefer to cater to the specific requirement i.e. Power & Distribution Transformers, DG Sets, HT and LT Power Distribution Panels, SCADA & Building Management Systems, Busducts and Busways, Cables and Cable Management System, Internal/External/Specialized Lighting and Uninterrupted Power Supply System (UPS) etc.
Power & Instrumentation (Gujarat) Limited IPO Stock Quote & Charts
Power & Instrumentation (Gujarat) Limited IPO Details:
Open Date:
Apr 11 2018
Close Date:
Apr 13 2018
Total Shares:
18,64,000 E
Face Value:
₹ 10 Per Equity Share
Issue Type:
Fixed Price Issue IPO
Issue Size:
6.1512 Cr.
Lot Size:
4000 Shares
Issue Price:
₹ 33 Per Equity Share
Listing At:
NSE Emerge
Listing Date:
Apr 23 2018
Promoters And Management:
(i) Mrs. Padmavati Padmanabhan Pillai, aged 68 years, is the Executive Director and Promoter of our Company. She has well experience in Human Management. Mrs. Pillai joined the Board of Directors of the company since its inception. She has 20+ years of experience in the industry.
(ii) Mr. Padmaraj Padmnabhan Pillai, aged 41 years, is the Managing Director and Promoter of our Company, has two decades of experience in the Electric Sector. He has been associated with the company since year 1996. He is responsible for the overall working of our Company and is instrumental in making strategic decisions for the Company. Mr. Pillai holds B.E.in Electrical degree from Ahmedabad University
Company Business:
Major Clientele & Executed Projects
The Company has vast experience in executing Electro-Mechanical projects for reputed clientele across various industries such as Engineering and allied products, Textiles, Steel & Non-ferrous metals,Petrochemicals, etc. Apart from private sector entities, they are also involved in bidding and executing government and semi-government projects. They have executed projects for Sardar Vallabhbhai Patel International Airport, Ahmedabad, Raja Bhoj Airport, Bhopal, U N Mehta Hospital, Ahmedabad, Secretariat Building, Naya Raipur, YMCA Club, Ahmedabad etc. Due to their well established marketing network and proven execution capabilities, they have been able to regularly procure EPC projects. Currently we have orderon-hand from the following Clienteles:
1. Indian Institute of Science Education and Research : Bhopal
2. National Buildings Construction Corporation Limited : Gurgaon ,Haryana
3. Goa State Infrastructure Development Corporation Limited : Goa
4. Central Public Works Department-Nagpur
5. NISM Project, CPWD, New Mumbai
6. Ajmer Vidyut Vitran Nigam Ltd –Ajmer
7. MTNLworli - Mumbai
8. Airport Authority of India - Jammu Airport - Jammu
9. CPWD-NIMS Patalganga
10. Gujarat High Court - Ahmedabad – PWD
11. Airport Authority of India - Bhopal Airport
12. Airport Authority of India - Shrinagar Airport
13. Naya Raipur Development Authority
Capital Structure:
Authorized Share Capital
( 1,00,00,000 shares at FV@10)
10 cr
Issued, Subscribed,& Paid-up Share Capital Before Issue
(51,79,900 Shares at FV@10)
5.179 cr
Present Issue
(18,64,000 Shares at FV@10)
1.864 cr
Reservation for Market Maker
( 96,000 Shares at FV@10)
9.6 lac
Net Issue to Public
(18,64,000-96000= 17,68,000 Shares)
1.768 cr
QIB & HNI Quota- 8,84,000
50%
Retail Quota- 8,84,000
50%
Paid Up Share Capital after the issue
6.947 cr
Financials of Power & Instrumentation (Gujarat) Limited IPO:
1. Balance Sheet Snippet[ Financials as on Dec 2017]
(i) Shareholders’ Fund[Equity] Value
1333.9 lac
(ii) Asset
5290.94 lac
(iii) Liability
3957.04 lac
(iv) Debt/Equity
3(high)
(v) Net Worth(Asset- Liability)
1333.9 lac
(vi) RONW(PAT/Net Worth)
11%
(vii) P/B(post issue)
1.83
2. Profit n Loss Snippet
(i) The Revenue of the company in last 5 years is growing at CAGR of24%(Excellent).
(ii) The PAT of the company is last 5 years is growing at CAGR of 26.34%(Excellent)
(iii)The EBITDA Margins of last 5 years are: 6%(FY13),8.14%(FY14), 8%(FY15), 9%(FY16) and 9.6%(FY17). EBITDA margin has improved from 6% to 9.6% in last 5 years which is a good sign for the company.
(iv) Annualized EPS(post issue)= 2.67
(v) Annualized P/E(post issue)=12(reasonably priced) at the cutoff price of 33 .
3. Cash Flow Statement(all figures in lacs)
Particulars
FY17
FY16
FY15
FY14
FY13
(i) Net Cash Generated from Operation
258.98
-289.94
-116.85
-109.89
-121.11
(ii) Net Cash Generated from Investment
-218.87
-14.68
-5.7
-81.58
128.72
(iii) Net Cash Generated from Financing Activity
56.08
418.65
157.13
196.56
-37.46
(iv) Total[ (i)+(ii)+(iii) ]
96.19
114.03
34.58
5.09
-29.85
(v) Cash and Cash Equivalents at the Beginning of the Year
471.03
374.82
260.79
226.22
221.33
(vi) Cash and Cash Equivalents at the end of the Year
567.22
488.85
295.37
231.31
191.48
Recommendation on Power & Instrumentation (Gujarat) Limited IPO:
Rating: 7/10.
1-5: Fair
5-7: Good
7-10: Excellent
Lead Manager of Power & Instrumentation (Gujarat) Limited IPO: