Precision Camshafts Ltd Incorporated in 1992, is world’s leading manufacturer and supplier of camshafts, a critical automobile engine component. Company supply over 150 types of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications and company has a manufacturing facilities in Solapur, Maharashtra.
Company caters to both international and domestic market. 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.
Precision Camshafts IPO Details
| 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 |
| BSE Script Code | 539636 |
| NSE Symbol | PRECAM |
| ISIN | INE484I01029 |
| Issue Size | Aggregating up to ₹410.00 Cr |
IPO Time Table
| IPO Open Date | 27 Jan 2016 |
| IPO Closing Date | 29 Jan 2016 |
| IPO Allotment Date | |
| IPO Listing Date | 8 Feb 2016 |
Precision Camshafts IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 80 | ₹14,880 |
| Maximum | 13 | 1040 | ₹193,440 |
IPO Allotment Status
Click here to check allotment status for Precision Camshafts Ltd IPO
Company Financials:
| PARTICULAR | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
| Total Liabilities | 5,543.60 | 5,006.37 | 3,937.51 | 3,375.43 | 2,200.04 |
| Total Assets | 2,570.81 | 1,956.24 | 1,573.19 | 1,598.51 | 1,147.44 |
| Total Income | 5,249.19 | 4,718.27 | 3,655.95 | 3,114.62 | 2,772.83 |
| Profit After Tax (PAT) | 635.81 | 141.00 | 248.65 | 210.15 | 176.56 |
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.
Company Promoters:
Precision Camshafts is promoted by Mr Yatin Shah and Dr Suhasini Shah, who have over 20 years of experience in the critical engine component manufacturing and have established strong business relationships with large global original equipment manufacturers. Company’s promoters are first generation entrepreneurs who started the business of manufacturing of critical engine component in 1992.
Registrar & Company Information
| Company Contact Information | Precision Camshafts IPO Registrar |
| 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/ | 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 |
