PG Electroplast Ltd. approved the allotment of over 2.14 crore equity shares of the company to eligible QIBs. The company has fixed an issue price of Rs 699 per equity share.
PG Electroplast board approved allotment of shares aggregating to Rs 1,499.9 crore at 0.88 percent discount to floor price.
The company in an exchange filing said "Pursuant to the allotment of Equity Shares under the QIP, the paid-up equity share capital of the Company stands increased from ₹ 261,634,440 consisting of 261,634,440 Equity Shares to ₹ 28,30,93,658 consisting of 28,30,93,658 Equity Shares each."
PG Electroplast shares traded flat at Rs 850.30 per share on the NSE, down 0.78 percent. The stock has delivered multibagger returns of 258.02 percent this year so far, far outpacing the benchmark Sensex which moved higher by 12.44 percent during the same period.
PG Electroplast Q2 – Outperformance continues
The revenues in Q2 FY25 surged 46 percent year on year (YoY) to Rs 671 crore, while the gross margins declined 140 basis points YoY, but operating margins held firm around 9 percent on account of cost efficiencies. The EBITDA exhibited a growth of 48 percent YoY, thereby reaching Rs 61 crore in Q2.
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