Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Fri, Nov 25, 2022 - Wed, Nov 30, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Nov 25, 2022
IPO Close
Wed, Nov 30, 2022
Issue Price
₹29 per share
Market Cap (Pre-IPO)
₹31.56 Cr
| IPO Date | 25 to 30 Nov, 2022 |
| Listed on | Thu, Dec 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,48,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,64,000 shares SMC Global Securities Ltd. (agg. up to ₹0.4756 Cr) |
| Fresh Issue (Ex Market Maker) | 30,84,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 30,84,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 76,34,515 shares |
| Share Holding Post Issue | 1,08,82,515 shares |
| NSE Symbol | PRITIKA |
| ISIN | INE0MJQ01012 |
Pritika Engineering IPO comprises a total issue size of 32,48,000 shares. The net offer to the public is 30,84,000 shares, after excluding 1,64,000 shares allotted on a firm basis. Of the Net offer 15,42,000 (50.00%) allocated to NII 15,42,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,42,000 | 50.00% | 47.48% |
| Retail Shares Offered | 15,42,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,64,000 | 5.05% | |
| Total Shares Offered | 32,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 81.22 | 71.07 | 55.94 | 41.34 |
| Total Income | 43.40 | 57.40 | 32.44 | 21.72 |
| Profit After Tax | 1.86 | 5.46 | 0.38 | 0.14 |
| NET Worth | 18.33 | 16.53 | 12.62 | 5.39 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 31.61 | 25.08 | 21.97 | 20.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in relation to the new unit set up by our wholly owned subsidiary, Meeta Castings Limited (MCL) | 7.00 |
| 2 | General Corporate Purposes | 0.57 |
| Total | 7.57 |
| KPI | |
|---|---|
| ROE | 26.79 |
| ROCE | 15.81 |
| Debt/Equity | 1.02 |
| RoNW | 33.05 |
| PAT Margin | 9.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.15 | |
| P/E (x) | 8.76 | |
| Promoter Holding | 100% | |
| Market Cap | ₹31.56 Cr. |
The Pritika Engineering Components IPO is subscribed 158.56 times on November 30, 2022 7:00:00 PM (Day 4). The public issue subscribed 172.65 times in the retail category, [.] times in the QIB category, and 144.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 144.47 | 15,42,000 | 22,27,80,000 |
| Retail | 172.65 | 15,42,000 | 26,62,24,000 |
| Total | 158.56 | 30,84,000 | 48,90,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, Market Maker and other out of pocket expenses | 1.77 |
| 2 | Brokerage and selling commission(1)(2)(3)(4) | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹42.20 |
| Low | ₹40.10 |
| High | ₹44.30 |
| Last Trade | ₹44.30 |
Lead Manager Reports
Pritika Engineering IPO is a SME IPO of 32,48,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Nov 25, 2022, and closes on Wed, Nov 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 Fri, Nov 25, 2022 and closes on Wed, Nov 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 Wed, Dec 7, 2022. Check the Pritika Engineering IPO allotment status.
The Pritika Engineering IPO listing date is on Thu, Dec 8, 2022.
