Business Standard

Power Mech Projects Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

273.22 cr

Price Range (₹)

640

Lot Size

20

Min Investment (₹)

12,800.00

Listing Exchange

MumbaiNSE

Open Date

07-Aug-2015

Close Date

11-Aug-2015

Listing Date

26-Aug-2015

Power Mech Projects Ltd News

    The Shares of Power Mech Projects Ltd have now been listed.

    Power Mech Projects Ltd IPO Details

    Public issue of 4,269,000 equity shares of face value of Rs. 10 each (the equity shares) of Power Mech Projects Limited, (The company or the issuer) for cash at a price of Rs. 640 per equity share (Including a share premium of Rs. 630 per equity share) aggregating to Rs. 273.22 crores consisting of a fresh issue of 2,128,000 equity shares aggregating to Rs. 136.19 crores by the company (The fresh issue) and an offer for sale of up to 2,141,000 equity shares by the selling shareholders aggregating to Rs. 137.02 crores (The offer for sale and the fresh issue are together referred to as, the issue). The issue will constitute 29.02% of the fully diluted post issue paid-up equity share capital of the company. Issue price: Rs. 640 per equity share of face value of Rs. 10 each. The issue price is 64.00 times the face value.Anchor investores issue price: Rs. 640 per equity share.p

    Objective of issue

    Repayment/pre-payment/advance payment of loans. Funding working capital requirements. General corporate purposes.

    Power Mech Projects Ltd Contact Details

    Power Mech Projects Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - compliance@powermech.net; info@powermech.net

    Website - www.powermechprojects.in