Friday, July 31, 2015

Power Mech Projects IPO to open on Aug 7th

Power Mech Projects Ltd is entering in the capital markets with an initial public offering, IPO of 4,269,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 615/- at lower level and Rs 640/- at upper level. The minimum bid lot is 20 equity shares and in multiples of 20 equity shares thereafter.

Power Mech Projects Ltd is one of the leading integrated power infrastructure services companies in India providing comprehensive erection, testing and commissioning of boilers, turbines and generators ("ETC-BTG") and balance of plant ("BOP") works, civil works and operation and maintenance (O&M) services.

The issue opens on Aug 07, 2015 and closes for subscription on Aug 11, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).