Pritika Engineering Components IPO GMP, Review, Price, Allotment
Pritika Engineering Components IPO GMP, Pritika Engineering Components IPO Review, Pratika IPO Details, Allotment status, subscription status live, promoters
Pritika Engineering Components Limited is a company wholly owned by Pritika Auto Industries Limited. It is a captive unit for the Pritika Group of Industries. It has very versatile manufacturing facilities, one of which is located in Hoshiarpur, Punjab. The Manufacturing Facility consists of an integrated Foundry/Machine shop. Pritika, which started in 1973 with the manufacture of small forgings by Mr. R.S. Nibber, has become today a renowned organisation in the Tractor & Automotive industry, providing excellence in the field of precision machined components made from castings.
Pritika Engineering Components Private Limited is in the business of manufacturing precision machined components, primarily for the automotive industry and especially for tractors, trucks, and other commercial vehicles. The company manufactures various tractor and automobile components, such as end covers, cover sealed brakes, differential cases, cover hydraulic lifts, cover transcases, front wheel hubs, flywheel housings, rear axle casings, hydraulic lift covers, brake housings, and front engine supports.
Pritika Engineering manufactures customized products for tractors, commercial vehicles, and other construction equipment, which are supplied to original equipment manufacturers (OEMs) directly/through the group companies.
The company was previously listed on the Calcutta Stock Exchange and was directly listed on the Bombay Stock Exchange on October 01, 2015.
Pritika Engineering Components products:
- Rear Axle Housing Castings
- Machined Front Axle Support
- Machined Lift Housings
- Gear casing Castings
- Wheel Hub Castings.
Stengths:
- Quality standards.
- Experienced and professional management team.
- Wide product range and product segments.
- Legacy Business Process & Management.
- Strong & experienced R&D team.
Pritika Engineering Components IPO Important Dates:
| Opening Date | 25 November 2022 |
| Closing Date | 30 November 2022 |
| Basis of Allotment | 05 December 2022 |
| Initiation of refunds | 06 November 2022 |
| Transfer of shares to demat accounts | 07 December 2022 |
| Listing Date | 08 December 2022 |
Pritika Engineering Components IPO Details
| Pritika Engineering Components IPO Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Minimum Amount for 1 lot | ₹1,16,000 |
| Total IPO size | ₹9.42 crore |
| Offer for Sale | 3,248,000 shares |
| Listing At | NSE SME |
| Retail Quota | 50% |
| QIB Quota | – |
| NII Quota | 50% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objects of the Issue:
- Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL);
- General Corporate purposes
Company Financials:
| 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 |
IPO Valuation – FY2022:
| Earning Per Share (EPS): | ₹7.15 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.17% |
| Net Asset Value (NAV): | ₹22 per Equity Share |
Company Promoters:
- Pritika Auto Industries Limited
IPO Registrar:
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: sme.ipo@satellitecorporate.com
Website: http://www.satellitecorporate.com
Company Contact Information:
Pritika Engineering Components Limited
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
Pritika Engineering Components Offer Lead Manager:
GYR Capital Advisors Private Limited
Pritika Engineering Components IPO GMP today
| Pritika Engineering Components IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹8 | ₹25000 | 25% |
Pritika Engineering Components IPO Review:
| What our experts say about Pritika Engineering Components IPO | Apply |
Pritika Engineering Components IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 144.47 |
| Retail Investors | 172.65 |
| Employees | – |
| Others | – |
| Total | 158.56 |
Pritika Engineering Components IPO Subscription Details (times):
Pritika Engineering Components IPO Subscription Details (times)
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Nov 25, 2022 | 1.39 | 4.30 | 2.84 |
| Day 2 Nov 28, 2022 | 3.34 | 20.07 | 11.70 |
| Day 3 Nov 29, 2022 | 8.11 | 49.83 | 28.97 |
| Day 4 Nov 30, 2022 | 144.47 | 172.65 | 158.56 |
Pritika Engineering Components IPO Allotment Status:
| Check Pritika Engineering Components IPO Allotment Status | Click Here |
Pritika Engineering Components IPO Listing Price:
| IPO Price Band | ₹30 |
| Open | ₹42.20 |
| Low | ₹40.10 |
| High | ₹44.30 |
| Close | ₹44.30 |
FAQ:
When will Pritika Engineering Components IPO open for subscription?
Pritika Engineering Components IPO is set to open on 25 November 2022.
What is Pritika Engineering Components IPO Price Band?
Pritika Engineering Components IPO Price Band is ₹30 per share.
What is the lot size ofPritika Engineering Components IPO?
Lot size of Pritika Engineering Components IPO is 4000 Shares per lot.
What is the issue size of Pritika Engineering Components IPO?
Pritika Engineering Components IPO issue size is ₹10.20 crore.
What is the last date to apply for Pritika Engineering Components IPO?
Last date to apply Pritika Engineering Components IPO is 30 November 2022.
What is the Pritika Engineering Components IPO Allotment Date?
Allotment Date for Pritika Engineering Components IPO is 05 December 2022.
What is the Pritika Engineering Components IPO listing date?
Listing Date for Pritika Engineering Components IPO is 08 December 2022.
Pritika Engineering Components IPO should I buy?
Yes, you should apply Pritika Engineering Components IPO.
How to apply the Pritika Engineering Components IPO through 5 Paisa?
- Login to your 5paisa account and select “Pritika Engineering Components IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
