Precision Camshafts Ltd Incorporated in 1992, is world’s leading manufacturer and supplier of camshafts, a critical automobile engine component. Precision Camshafts supply over 150 types of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications. Company has a manufacturing facilities in Solapur, Maharashtra.
Precision Camshafts caters for both international and domestic markets. Some of the long term clients includes General Motors, Ford Motors, Hyundai, Maruti Suzuki, Tata Motors and Mahindra and Mahindra.
Company has two manufacturing facilities in Solapur, Maharashtra. This includes an export oriented unit and a domestic unit.
Precision Camshafts has two joint ventures with Ningbo Shenglong PCL Camshafts Company Limited, for machining of camshafts and PCL Shenglong (Huzhou) Specialised Casting Company Limited, for setting up a foundry in China.
Camshafts is one of the most critical component required in all automobiles using an internal combustion (IC) engine, which includes 2-wheelers, 3-wheelers, passenger vehicles, commercial vehicles, off roaders and tractors. A camshaft and its associated parts actuate the opening and closing of the piston valves in an IC engine of an automobile. It is one of the critical components of an IC engine and the design of the camshaft impacts the engine’s power, efficiency, mileage and emission.
Objects of the Issue:
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the Selling Shareholders.
The objects of the fresh Issue are:
- Establishment of a machine shop for ductile iron camshafts at the EOU unit; and
- General corporate purposes; and
- Company expects that the listing of the Equity Shares will enhance its visibility and its brand image among its existing and potential customers.
Precision Camshafts IPO Details
| IPO Opening Date | 27 Jan 2016 |
| IPO Closing Date | 29 Jan 2016 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹180 to ₹186 per equity share |
| Market Lot | 80 Shares |
| Min Order Quantity | 80 Shares |
| Listing At | BSE, NSE |
| Issue Size | 15,867,366 Eq Shares of ₹10 |
Precision Camshafts IPO Lot Size
The Precision Camshafts IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹193,440).
| Application | Lots | Shares | (Shares*Price) Amount |
| Mininum | 1 | 80 | 80*186=14880 |
| Maximum | 13 | 1040 | 1040*186=193440 |
| Company Contact Information Precision Camshafts Ltd E 102/103 MIDC, Akkalkot Road, Solapur 413 006, Maharashtra, India Phone: + 91 217 3295433 Email: sskuber@pclindia.in Website: http://www.pclindia.in/ | Precision Camshafts IPO Registrar Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: pcl.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
