Precision Camshafts Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,026,612 (50%) | — | ₹20,509 Cr |
| NII (HNI) | — | 3,307,984 (15%) | — | ₹6,153 Cr |
| Retail | — | 7,718,629 (35%) | — | ₹14,357 Cr |
| Σ Total | — | 22,053,225 (100%) | — | ₹410,190 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1,040 | ₹193,440 |
| S-HNI (Min) | 14 | 1,120 | ₹208,320 |
| B-HNI (Min) | 67 | 5,360 | ₹996,960 |
Financial Statements Amount In Crore
| Metric | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Revenue | 525 | 472 | 366 |
| Profit After Tax | 64 | 14 | 25 |
| Total Assets | 257 | 196 | 157 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Establishment of a machine shop for ductile iron camshafts at the EOU unit – 200.00
- 2 General corporate purposes – 26.86
Company Overview
Incorporated in 1992, Precision Camshafts Ltd 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. 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.
What is Camshafts?
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.
Camshafts are designed in such a way so as to open the engine valves at the correct time and to keep them open for the necessary duration for the desired engine performance. The camshaft design, weight, manufacturing process and machining requirement vary across vehicle categories depending on the desired engine characteristics. The camshaft generally lasts the life of the IC engine, although it may be replaced if it affects the engine's performance significantly over time.