• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » IPO » IPO - Upcoming Issues

Jun 29, 2011, 12.42 PM | Source: Moneycontrol.com

PCH Retail files IPO papers for MBOs expansion

Andhra Pradesh based PCH Retail (Punjab Crockery House) proposes to tap capital market with a public issue of 1,68,27,000 equity shares of face value of Rs 10 each, diluting 38.71% stake.

Like this story, share it with millions of investors on M3

PCH Retail files IPO papers for MBOs expansion

Andhra Pradesh based PCH Retail (Punjab Crockery House) proposes to tap capital market with a public issue of 1,68,27,000 equity shares of face value of Rs 10 each, diluting 38.71% stake.

Post Your Comments

Share Cancel

PCH Retail files IPO papers for MBOs expansion
PCH Retail (Punjab Crockery House) proposes to tap the capital market with a public issue of 1,68,27,000 equity shares of face value of Rs 10 each, diluting 38.71% stake. The company has filed draft red herring prospectus with market regulator SEBI.

The issue consists of promoters/ contribution of up to 55.27 lakh shares.

It sells consumer durables & electronics products of major brands in Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra through its 110 Multi Brand Outlets (MBOs) and 11 warehouses spread across an area of 6,21,000 sq. ft.

The company proposes to expand the retail chain by adding 100 new MBOs with an estimated area of 9.5 lakh sq f. in Tier I, Tier II and Tier II cities across India.

Total project cost estimated by the company will be Rs 269.79 crore. It also wants to repay debt of Rs 2.84 through IPO money.

Promoters Sardar Balvinder Singh and Baljit Kaur hold more than 68% stake in the company.

Company reported net profit of Rs 12 crore on its total income of Rs 741.7 crore in nine months period ended on December 2010.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
PCH Retail files IPO papers for MBOs expansion

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login