Precision Camshafts Limited IPO
Precision Camshafts Limited was a mainboard IPO in the Auto Components & Equipments sector, offered at ₹180–₹186 per share to raise ₹410 crore. The issue was subscribed 1.91× overall (QIBs 2.62×, NIIs 0.73×, retail 2.01×). It listed on 8 Feb 2016 at ₹165 and closed its first day at ₹177, a listing loss of -4.6% versus the ₹186 issue price. It now trades around ₹93 (-49.8% versus the issue price).
Frequently asked questions
- How many times was the Precision Camshafts Limited IPO subscribed?
- The Precision Camshafts Limited IPO was subscribed 1.91× overall — 2.62× in the QIB category, 0.73× among non-institutional investors, 2.01× in retail.
- What were the Precision Camshafts Limited IPO listing gains?
- Precision Camshafts Limited listed on 8 Feb 2016 at ₹165, closing its first day at ₹177 — a listing loss of -4.6% versus the ₹186 issue price.
- What were the retail allotment odds for the Precision Camshafts Limited IPO?
- Retail was subscribed 2.01×, so a single-lot application had roughly a 49.8% chance of allotment (about 1 in 2), and allotment was finalised on 2 Feb 2016.
- What was the price band and lot size of the Precision Camshafts Limited IPO?
- The price band was ₹180–₹186 per share, with a minimum lot of 80 shares (₹14,880 at the upper band).
- Who were the registrar and lead manager for the Precision Camshafts Limited IPO?
- Link Intime India Private Limited was the registrar to the issue.