PG Electroplast Limited which had tapped the capital markets with its IPO for 57,45,000 shares in a price band of Rs 190-210 was subscribed. The issue had opened on Wednesday the 7th of September and closed on Monday the 12th of September. The issue received subscription support in all three segments and was overall subscribed 1.34 times.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 2872500 | 2822550 | 0.98 |
| NII | 861750 | 1583520 | 1.84 |
| Retail | 2010750 | 3297270 | 1.64 |
| Overall | 5745000 | 7703340 | 1.34 |
The company is in the business of manufacturing a comprehensive range of consumer electronic components and finished products such as colour television sets and components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties which include the leading brands of consumer electronics in India. Looking at the difficult times through which are markets are passing the issue going through is indeed creditable.
