Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.
Porwal Auto Components Limited manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends.
Porwal's client list includes companies like Eicher Motors Ltd, Man Force Trucks Pvt. Ltd, L & T Case Equipment Ltd, Force Motors Ltd, Eicher Tractors Ltd, Tata Autocomp Systems Ltd, Brakes India Ltd, Gajra Gears Ltd, Shakti Pumps India Ltd, Diesel Components Works.
- To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum;
- Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption;
- To meet the expenses of the Issue;
- To list the equity shares at the Bombay Stock Exchange;
- To meet the long term working capital requirements of the Company.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capitalPorwal Auto Components Limited IPO Information
»» Public Issue Open : December 17, 2007 to December 20, 2007
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 50,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 68/- to Rs. 75/- Per Equity Share
»» Market Lot: 80 Shares
»» Minimum Order Quantity: 80 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager:Keynote Corporate Services Limited
»» Registrar : Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email: pacl-fpo@intimespectrum.com)
IPO Listing Date: Monday, January 14, 2008.
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