PG Electroplast's initial public offer (IPO) ended with 1.34 times subscription on Monday, 12 September 2011. The IPO got bids for 77.03 shares as compared with 57.45 lakh equity shares on offer. The IPO opened on 7 September 2011 and closed on 12 September 2011.

The non-institutional investors category was subscribed 1.84 times. The retail individual investors and qualified institutional buyers category were subscribed 1.64 and 0.98 times, respectively.

PG Electroplast had set a price band of Rs 190 to Rs 210 for the IPO. The company intends to use the IPO proceeds for prepayment of the portion of term loan and line of credit facility proposed to be availed by company for the expansion under Phase I; expansion of manufacturing facility at Unit III, Greater Noida; expansion of manufacturing facility at Unit IV, Pune; and for long term working capital requirements.

PG Electroplast manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and compact fluorescent lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufactures printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL.