Pritika Engineering Components Limited IPO Detail
Pritika Engineering Components Private Limited is engaged in the business of manufacturing of precision machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles, etc. The company manufactures various Tractors & Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports etc.
Pritika Engineering manufactures customized products for tractors, commercial vehicles & other construction equipment, etc which are supplied to Original Equipment Manufacturers (OEMs) directly/through the group companies.
The company was previously listed on Calcutta Stock Exchange and the same was directly listed on the Bombay stock exchange dated October 01, 2015.
Pritika Engineering Components Private Limited's manufacturing unit is located in Punjab. The company's clients include Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj, among others.
The total revenue for the year 2021-22 is Rs 5,739.58 lakhs. Pritika Engineering Components Limited is a wholly owned subsidiary of Pritika Auto Industries Limited.
Competitive Strengths:
- Quality standards.
- Experienced and professional management team.
- Wide product range and product segments.
- Legacy Business Process & Management.
- Strong & experienced R&D team.
Company Promoters
Pritika Auto Industries Limited is the company promoter.IPO Details
| IPO Opening Date | Nov 25, 2022 |
| IPO Closing Date | Nov 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹29 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹9.42 Cr |
| Fresh Issue | 3,248,000 shares of ₹10 (aggregating up to ₹9.42 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.39x | 4.30x | 2.84x | |
| Day 2 | - | - | 3.34x | 20.07x | 11.70x | |
| Day 3 | - | - | 7.23x | 47.28x | 27.26x | |
| Day 4 | - | - | 144.47x | 172.65x | 158.56x |
IPO Tentative Timetable
The Pritika Engineering Components Limited IPO open date is Nov 25, 2022, and the close date is Nov 30, 2022. The issue may list on Dec 08, 2022.
| IPO Open Date | Nov 25, 2022 |
| IPO Close Date | Nov 30, 2022 |
| Basis of Allotment Date | Dec 05, 2022 |
| Initiation of Refunds | Dec 06, 2022 |
| Credit of Shares to Demat Account | Dec 07, 2022 |
| IPO Listing Date | Dec 08, 2022 |
IPO Lot Size
The Pritika Engineering Components Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹116000 |
| Maximum | 1 | 4000 | ₹116000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 4134.38 | 2172.4 | 13.75 |
| 31-Mar-21 | 5594.29 | 3244.36 | 38.18 |
| 31-Mar-22 | 7107.36 | 5739.58 | 546.17 |
Objects of the Issue:
The Company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following object:
a) Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL);
b) General Corporate purposes
Pritika Engineering Components Limited IPO Registrar:
Satellite Corporate Services Private Limited
Pritika Engineering Components Limited IPO Lead Manager(s):
GYR Capital Advisors Limited
Company Contact Information:
Pritika Engineering Components Limited
Plot No. C-94, Phase-VII Industrial Focal Point, S.A.S Nagar
Mohali
Punjab
