Moneycontrol Bureau
Perfect Infraengineers will list its equity shares Friday (November 20) on NSE Emerge. The issue price is fixed at Rs 23 per share.
The air conditioner services provider has raised Rs 5.77 crore through public issue of 28.08 lakh equity shares, which will be used for long term working capital requirement and investment in subsidiary.
Apart from providing air conditioner repairing, sales & services, it also diversified business into renting of air conditioners & providing all inclusive maintenance services on yearly contracts to companies and providing turnkey jobs of heating ventilation and air conditioning (HVAC).
Currently it proposed to enter into fabrication of electric control panel through subsidiary Perfect Control Panel which will enable company to have an in-house assembly line of electrical panels, both high tension (HT) and low tension (LT).
For the year-ended March 2015, it reported consolidated profit of Rs 1.56 crore on revenue of Rs 26.3 crore.
Promoter and promoter group reduced their shareholding in company to 65.31 percent from 96.80 percent post issue.
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