|
|
|
Issue Open Date
|
NA
|
|
|
|
Issue Closing Date
|
NA
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
-
|
|
|
|
Minimium Application No.
|
|
|
|
|
Issue Size (Shares)
|
5000000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
|
Objective
|
|
The Objects of the Issue are to raise funds for:1. Funding equity contribution in the Company’s subsidiary, PEL, to part finance the transformermanufacturing project2. Capital Expenditure for expansion of our precision engineering manufacturing facility3. General Corporate Purposes4. Achieve benefits from listing of the equity shares
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
|
|
|
|
Qualified Institutional Buyers
|
|
|
|
|
Retail Individual Investors
|
|
|
|
|
|
|
|
Business Description:
We are a diversified multi activity company primarily in the business of providing hi-tech powerequipments, systems and test instrumentation which find applications in power and energy, telecom,railways, aviation, aerospace, and other allied industries. We undertake project execution which entailsvalue addition to import contents and thereafter the installation, commissioning and as well as maintenanceduring warranty period and subsequently by way of Annual Maintenance Contracts (AMC’s) due toexclusive and technical nature of the products offered to our clients. In most cases, the value addition,assembly and installation is carried out at the project site of our customers. The company also has amanufacturing facility at IMT Manesar, Gurgoan for manufacturing of precision engineering turbine partsand investment casting components and products. In addition, this manufacturing facility is also producingelectronic testing and measuring instruments and is in the process of developing energy saver LED basedlighting systems.Our key customers includes Public & Private Power Utilities and power generation & transmissioncompanies, various state electricity boards, Public Sector Undertakings, Transmission companies, leadingTransformer and Power Plant equipment manufacturers and Railways. Some of our regular and repeatcustomers include leading companies like Bharat Heavy Electricals Limited (BHEL), Power GridCorporation India Limited, NTPC Limited, Indian Space Research Organization (ISRO), Siemens Limited,Nokia India Private Limited, Jindal Power Limited, Tata Power Co. Limited, Crompton Greaves Limited,L&T Limited, K S Oils Limited, Bhushan Power & Steel Limited, etc. Amongst State Electricity Boardsour major customers are Karnataka Power corporation Limited, Maharastra State Electricity TransmissionBoard, Bihar State Electricity Board, Assam Electricity Grid Corporation Limited, Chattisgarh StateElectricity Board etc.We have tie ups and have entered into agreements with some of the leading manufacturers abroad for thehi-tech import content from whom we source the equipments to cater to the technological solution basedrequirements of our clients for critical inputs which enable them to optimize their production efficiencywhile minimizing costs. Our core competence lies in meticulous identification of highly technicalequipments and maintaining high standards of pre and post sales service. Certain of our major foreignassociates from whom we import technical products and who form our top principals as per import value infinancial year 2008-2009 are RPS S.p.a; Italy ( formerly known as Aros S.r.l), Lindsey Manufacturing Co.,USA; SebaKMT, Germany, FLIR Systems Inc, Sweden; Piller Germany GmbH & Co. KG, Germany,General Electric, Canada;; etc.We also undertake execution of projects mainly relating to sub-station erection on turnkey basis. Currentlywe are executing an state of the art Coil Spring manufacturing unit for the Indian Railways at Gwalior incollaboration with M/s Bumar, a government of Poland Company. We have also forayed in to PowerGeneration by setting up of wind farm with power generation capacity of 4.50 MW at Kutch in Gujarat.We are in the process of setting up a Transformer manufacturing project with installed capacity of 10000MVA / 400 KV in a SEZ in district Nellore, Andhra Pradesh though our subsidiary, Prime Electric Limited.For details of this project please refer to the section titled “Objects of the Issue” beginning from page – ofthis document.As on August 31, 2009, we have an order book of Rs. 1296.56 millions from our various customers. Infinancial year 2008-09 our standalone income from operations (comprising net sales, service charges andcommission) were Rs. 1,311.74 millions and standalone net profit before taxes was Rs. 105.39 millions ascompared to standalone income from operations (comprising net sales, service charges and commission) ofRs. 517.83 millions and standalone net profit before taxes of Rs. 13.28 millions respectively in the financialyear 2005-06. The CAGR of our standalone income from operations (comprising net sales, service chargesand commission) and standalone net profit before taxes over the last three fiscal years stood at 36.32% and99.45%.
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
|
|
|
|
Offered to Public
|
|
|
|
|
Promoter's Holding (Pre-Issue)
|
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
|
Address |
Prime Group Building
11/5 B
Pusa Road
New Delhi
,
Delhi
,
110005
Phone :
+91-11-418889999
Email :
pci@prime-pci.com
Website :
www.pci-india.com
|
|
|
|
Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
|
|
|
|
Listed at |
|
BSE, NSE
|
|
|
|
Lead Manager |
|
SPA Merchant Bankers
|
|
|
|
Promoters |
Archna Mehta
Rohan Mehta
Surinder Mehta
|
|
