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Pritika Engineering IPO is a fixed price issue of ₹9.42 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹9.42 crore.
Pritika Engineering IPO bidding started from Nov 25, 2022 and ended on Nov 30, 2022. The allotment for Pritika Engineering IPO was finalized on Dec 5, 2022. The shares got listed on NSE SME on Dec 8, 2022.
Pritika Engineering IPO price is ₹29.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,32,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is SMC Global Securities Ltd..
Refer to Pritika Engineering IPO RHP for detailed Information.
| IPO Date | November 25, 2022 to November 30, 2022 |
| Listing Date | December 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,48,000 shares (aggregating up to ₹9.42 Cr) |
| Reserved for Market Maker | 1,64,000 shares SMC Global Securities Ltd. (aggregating up to ₹0.4756 Cr) |
| Net Offered to Public | 30,84,000 shares (aggregating up to ₹8.94 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,34,515 shares |
| Share Holding Post Issue | 1,08,82,515 shares |
Pritika Engineering Components IPO offers total 32,48,000 shares. Out of which 15,42,000 (47.48%) allocated to NII, 15,42,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,64,000 (5.05%) |
| NII (HNI) Shares Offered | 15,42,000 (47.48%) |
| Retail Shares Offered | 15,42,000 (47.48%) |
| Total Shares Offered | 32,48,000 (100.00%) |
Pritika Engineering IPO opens on November 25, 2022, and closes on November 30, 2022.
| IPO Open Date | Fri, Nov 25, 2022 |
| IPO Close Date | Wed, Nov 30, 2022 |
| Tentative Allotment | Mon, Dec 5, 2022 |
| Initiation of Refunds | Tue, Dec 6, 2022 |
| Credit of Shares to Demat | Wed, Dec 7, 2022 |
| Tentative Listing Date | Thu, Dec 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 30, 2022 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,16,000 |
| Retail (Max) | 1 | 4,000 | ₹1,16,000 |
| HNI (Min) | 2 | 8,000 | ₹2,32,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Pritika Engineering Components 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 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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 4134.38 | 2172.4 | 13.75 | 538.8 | 2023 |
| 31-Mar-21 | 5594.29 | 3244.36 | 38.18 | 1262.13 | 2196.71 |
| 31-Mar-22 | 7107.36 | 5739.58 | 546.17 | 1652.62 | 2507.67 |
| 30-Sep-22 | 8121.82 | 4340.24 | 185.53 | 1832.88 | 3161.13 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Pritika Engineering IPO is ₹31.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 8.76 |
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
[Dilip Davda] PECL is in a highly competitive segment that is fragmented and has many big players around. It has fared on average except for FY22 with super profits. Based on its FY23 earnings, the issue is lucratively priced, but the sustainability of such margins going forward raises concerns. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review...
| Listing Date | December 8, 2022 |
| BSE Script Code | |
| NSE Symbol | PRITIKA |
| ISIN | INE0MJQ01012 |
| Final Issue Price | ₹29 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹42.20 |
| Low | ₹40.10 |
| High | ₹44.30 |
| Last Trade | ₹44.30 |
Pritika Engineering Components Ltd.
Plot No. C-94,
Phase-VII Industrial Focal Point,
S.A.S Nagar,
Mohali, Punjab, 160055
Phone: +91 9878723399
Email: compliance.pecl@pritikagroup.com
Website: http://www.pritikaengineering.com/index.html
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pritikaengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pritika Engineering IPO is a SME IPO of 32,48,000 equity shares of the face value of ₹10 aggregating up to ₹9.42 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on November 25, 2022, and closes on November 30, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pritika Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Pritika Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pritika Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pritika Engineering IPO opens on November 25, 2022 and closes on November 30, 2022.
Pritika Engineering IPO lot size is 4000, and the minimum amount required for application is ₹1,16,000.
You can apply in Pritika Engineering 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 Pritika Engineering IPO will be done on Monday, December 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 7, 2022. Check the Pritika Engineering IPO allotment status.
The Pritika Engineering IPO listing date is on Thursday, December 8, 2022.
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