Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Wed, Jan 19, 2022 - Mon, Jan 24, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jan 19, 2022
IPO Close
Mon, Jan 24, 2022
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹82.92 Cr
| IPO Date | 19 to 24 Jan, 2022 |
| Listed on | Tue, Feb 1, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,00,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,16,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 40,84,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 40,84,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 1,19,59,066 shares |
| Share Holding Post Issue | 1,62,59,066 shares |
| NSE Symbol | PRECISION |
| ISIN | INE0HKW01018 |
Precision Metaliks IPO comprises a total issue size of 43,00,000 shares. The net offer to the public is 40,84,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,42,000 (50.00%) allocated to NII 20,42,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,42,000 | 50.00% | 47.49% |
| Retail Shares Offered | 20,42,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.02% | |
| Total Shares Offered | 43,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting additional Working Capital Requirements | 16.00 |
| 2 | General Corporate Purpose | 4.43 |
| KPI | |
|---|---|
| RoNW | 9.72% |
| PAT Margin | 3.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.42 | |
| P/E (x) | 19.32 | |
| Promoter Holding | 79.70% | 58.62% |
| Market Cap | ₹82.92 Cr. |
The Precision Metaliks IPO is subscribed 7.36 times on January 24, 2022 5:42:00 PM (Day 4). The public issue subscribed 11.9 times in the retail category, [.] times in the QIB category, and 2.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.81 | 20,42,000 | 57,48,000 |
| Retail | 11.9 | 20,42,000 | 2,43,02,000 |
| Total | 7.36 | 40,84,000 | 3,00,50,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 1.05 |
| 2 | Advertising and marketing expenses | 0.10 |
| 3 | Printing and stationery expenses, distribution and postage | 0.05 |
| 4 | Regulatory and other statutory expenses including Listing Fee | 0.31 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹75.00 |
| Low | ₹71.25 |
| High | ₹75.00 |
| Last Trade | ₹71.25 |
Lead Manager Reports
Precision Metaliks IPO is a SME IPO of 43,00,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Jan 19, 2022, and closes on Mon, Jan 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 Wed, Jan 19, 2022 and closes on Mon, Jan 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 Tue, Feb 1, 2022. Check the Precision Metaliks IPO allotment status.
The Precision Metaliks IPO listing date is on Tue, Feb 1, 2022.
