Pinnacle Electronics Industries Limited
₹537–570 · Lot Size 25 shares
Pinnacle Electronics Industries Limited is a company operating in the pharma space, focused on formulation and API manufacturing for domestic and export markets. The issue comprises a mix of fresh issue and offer for sale, with proceeds earmarked for working capital, debt reduction, and general corporate purposes.
Price band: ₹537–₹570 per share · Lot size: 25 shares.
Subscription so far — QIB: 0.49x, NII: 0.14x, Retail: 0.65x. Grey Market Premium is currently around ₹11.4 (+2.0% over the upper price band).
Subscription numbers have stayed muted through the bidding window and the grey market isn’t pricing in a listing pop. This is a name to review carefully rather than apply on sentiment alone.
This review is for informational purposes only and is not investment advice. Please read the red herring prospectus and consult a financial advisor before applying.