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Precision Metaliks IPO is a fixed price issue of ₹21.93 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹21.93 crore.
Precision Metaliks IPO bidding started from Jan 19, 2022 and ended on Jan 24, 2022. The allotment for Precision Metaliks IPO was finalized on Jan 28, 2022. The shares got listed on NSE SME on Feb 1, 2022.
Precision Metaliks IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Precision Metaliks IPO RHP for detailed Information.
| IPO Date | January 19, 2022 to January 24, 2022 |
| Listing Date | February 1, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,00,000 shares (aggregating up to ₹21.93 Cr) |
| Reserved for Market Maker | 2,16,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.10 Cr) |
| Net Offered to Public | 40,84,000 shares (aggregating up to ₹20.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,19,59,066 shares |
| Share Holding Post Issue | 1,62,59,066 shares |
Precision Metaliks IPO offers total 43,00,000 shares. Out of which 20,42,000 (47.49%) allocated to NII, 20,42,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.02%) |
| NII (HNI) Shares Offered | 20,42,000 (47.49%) |
| Retail Shares Offered | 20,42,000 (47.49%) |
| Total Shares Offered | 43,00,000 (100.00%) |
Precision Metaliks IPO opens on January 19, 2022, and closes on January 24, 2022.
| IPO Open Date | Wed, Jan 19, 2022 |
| IPO Close Date | Mon, Jan 24, 2022 |
| Tentative Allotment | Fri, Jan 28, 2022 |
| Initiation of Refunds | Mon, Jan 31, 2022 |
| Credit of Shares to Demat | Tue, Feb 1, 2022 |
| Tentative Listing Date | Tue, Feb 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 24, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Precision Metaliks is engaged in trading and manufacturing Aluminium Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing. Its manufacturing unit is situated at Visakhapatnam SEZ, Duvada, Visakhapatnam, Andhra Pradesh.
Key Products & Services
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 2,022.96 | 2,147.71 | 1,367.27 | 302.59 | |
| Total Revenue | 4,813.35 | 4,924.13 | 2,217.96 | 5.28 | |
| Profit After Tax | 214.57 | 149.35 | 82.39 | 0.46 | |
The market capitalization of Precision Metaliks IPO is ₹82.92 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.32 |
[Dilip Davda] After starting as a trader in metal, the company ventures into manufacturing and related allied services. It has posted growth in its top and bottom lines, but spectacular performance for the last one and half years raises eyebrows and sustainability of margins raises concern. Based on its financial parameters, the issue is fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...
| Listing Date | February 1, 2022 |
| BSE Script Code | |
| NSE Symbol | PRECISION |
| ISIN | INE0HKW01018 |
| Final Issue Price | ₹51 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹75.00 |
| Low | ₹71.25 |
| High | ₹75.00 |
| Last Trade | ₹71.25 |
Precision Metaliks Ltd.
6-3-855/10/A, Flat No. 4A, Sampathji Apartments
Saadat Manzil, ,
Ameerpet
Hyderabad, Telangana, 500016
Phone: 91 891 4884132
Email: cs@precision-metaliks.com
Website: http://www.precision-metaliks.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Precision Metaliks IPO is a SME IPO of 43,00,000 equity shares of the face value of ₹10 aggregating up to ₹21.93 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on January 19, 2022, and closes on January 24, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Precision Metaliks IPO using UPI as a payment gateway. Zerodha customers can apply in Precision Metaliks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Precision Metaliks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Precision Metaliks IPO opens on January 19, 2022 and closes on January 24, 2022.
Precision Metaliks IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Precision Metaliks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Precision Metaliks IPO will be done on Friday, January 28, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 1, 2022. Check the Precision Metaliks IPO allotment status.
The Precision Metaliks IPO listing date is on Tuesday, February 1, 2022.
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