Precision Metaliks Limited IPO Message Board (Page 9)

interesting. expert pls advise on this.

From RHP
"Our Company converts semifinished / raw wheels to finished wheels by carrying our value added services such as
Polishing, Buffing, Testing and Packing for our major client, Synergies Castings Limited, Visakhapatnam. The Company
is also planning to offer these services to the USA market through Silver MetalX INC, USA by way of supplying finished
Alloy Wheels with accessories to cater to the aftermarket."

Also:
"PML has been receiving repeat orders from its customer. Synergies Castings group is our single largest customer since FY
2019 for all our products and services. We have been receiving annual purchase orders from our customer and we supply
them throughout the year as per their requirements."

It seems Synergies is a proper set company, its website also has proper address, factory photos and financial etc. It seems to be doing the bulk of the work when it comes to alloy wheel manufacturing.

PML seems to be just a wrapper company around Synergies which is doing some finishing touches, polishing and packing etc.

The address that PML have given also doesnt look good. Its has office set in residential flats :)

Registered Office: ...Flat No. 4A, Sampathji Apartments, Saadat Manzil, Ameerpet, Hyderabad
Corporate Office: ...Suryadev Apartments, Flat – 202,CBM Compound, Visakhapatnam

Bahut locha hai bhai.

It`s a NSE IPO. I think the experts have done this research before you did. Moreover a lot of companies do use "residential addresses" as their "Mailing address" after the GST was introduced. Have a look at their balance sheets submitted to NSE & SEBI, that will clear your doubts. Moreover PML does the manufacturing part as mentioned in RHP, you can not lie to SEBI when it comes to a mainboard or SME IPO at NSE. Also "It was a trading company till 2018 and after that they have set up a manufacturing plant in SEZ, Andhra Pradesh." & after that the financials were admirable.
>Precision Metaliks provides B2B services and works primarily on semi-finished alloy wheels. The finished products are sold under the brands of its clients.
>Precision Metaliks operates in a capital-intensive industry which acts as an entry barrier, although there are a number of competitors domestically and internationally. Nevertheless, it has longstanding business relationships with its clients which is difficult to replicate.
>Locha nahi hai, you are just a lil paranoid or someone has paid you up ig.

Shaktiman ji,

My 2 applications will go for it regardless of anyone says anything about it, didn't applied in AB Cotspin but won't miss PML.

SME is risky but who knows what a comp is upto.

See this below,,
https://www.moneycontrol.com/news/business/markets/buy-non-ferrous-metals-for-medium-term-auto-banks-stocks-set-for-comeback-says-emkay-top-boss-7939351.html/amp

Good luck to you also in your future endeavors.

@k. Atar

me too. Had gone through the same piece of information! This sector looks promising

No need to go much deep in sme's , we can come out after profit booking on listing, no need to hold for longer if you are not convinced, simple.
Companies growth/financials are good and subscriptions will also be good mostly.

I too am going to apply based on subscription figures.
But I still hold Prevest Denpro for example as have some conviction in the company.
So need to evaluate both from short term and long term perspective.

Agree with the reasoning and wise words of Lokes Sir. 🙏🙏

Kind Regards.

Skipped this IPO given market conditions and subscription figures.

Or 5 lots in hni category in fourth account

Better to go for second option. one lot each in three accounts and 5 lots in fourth account.

I am not an expert bit I think allotment in retail category is too difficult. So I would suggest to apply 2 lots each from all your accounts.
Expert may comment.

3pm

In hdfc bank, cut off time is 3pm for HNI and 4PM for retail category. Its for mainboard IPO , i hope its same for sme ipos also.

buying selling SME lots no issue with upstox.

only for applying SME ipo you need to submit application from bank asba.

Hi Spock

Please confirm have u sold sme share through upstox

Actually I have discussed with customer care and informed me that we are not dealing in sme share

@badluck

I haven't sold but there is no issue in buying sme in upstoxx(recently i bought jonjua sme share )so i guess there won't be any issue in selling if they are allowing to buy.

@avenue: i am going with precision sme in HNI, will apply on monday, no of lots. as per subscription....AGS may not give return on investment as compare to precision it may come and AGS will be more riskier bet.

Left Ags. Reason sector issue and poor fundaments.

@Avenue:
Skipped AGS.
Will go for 1 lot in Precision. Looks HNI subscription will be around 40X and funds will be available for Adani.

Only RISK factor, listing after budget day. So, any negative news from budget impacting Secondary markets, will impact this stock also.

Anyways, always our thumb rule, make decision on last day at 2:50 PM.

I think they should be if your bank is quick enough. I can comment on ICICI to be quick and have also heard Kotak too is quick is unblocking funds.

yes funds will be unblocked mostly for adani ipo....registrar bigshare don't delay more than 2pm on unblock day.....means by 2pm on 31st funds should be unblocked to use in adani ipo

Thanks lokes, avenue.. it is SME ipo, so was concerned. shouldnt be problem then

@lokes, are you still holding AB Cost or sold it ?
any plan ?

@dinesh: i am still holding it. Tuesday circuit limit will change in that. That day some big move may come , but on any side, lets hope it comes on +ve side :)
After tuesday movement, i will decide about to sell or hold for future. Recent financials were great for that company and textile sector may have some +ve from budget etc, lets see how next quarter result comes, that will make a impact.

@lokes , Dinesh.
Do you have any idea when ab cotspin results are coming?

@lokes,
great. i am also holding it and will wait for action on Tuesday.

@dinesh: circuit changed today as informed to 20% but stock not performing.
yesterday also it moved down from upper circuit. Bad market has definitely had impact here. I am planning to hold it for longer until results will come.
@arca: there is no news for result now, you can track here.
https://www.nseindia.com/get-quotes/equity?symbol=ABCOTS

@ lokes thanks for the information.
I placed order at upper price thinking it would hit upper circuit and i can sell today but it ain't moving either sides & demand seems to be there.
Since you & mravi sir are holding ,even i am planning to hold till results atleast.after seeing that we will decide accordingly.

@lokes ,
Thanks for sharing your plan..
I am also thinking in your way. Will keep it for few months.

Guys I sold my 1 lot today at

Half message posted by mistake above ...sold at 49....ab cotspin.... stoploss hit...no idea why it was not performing from last some days

@lokes
May be I am wrong
But you should have waited atleast for the budget…
In Last budget there was a reduction of custom duty on few material…
I am having the share of AK SPINTEX- almost same industry and it is performing well as of now…

@spock. For indusind, you can apply hni till 3.30pm

@snipperRaj ji, thank you for this.

@spock: i have heard 3pm cut off time in indusind bank absa. Never heard from anyone applying after 3pm in HNI via indusind bank.
In Au small finance bank, i think third party ASBA is not applicable and in their site, it is mentioned that online ASBA also not available , only offline via branches is available, but i am not sure. Btw i don''t have account in indusind and au small finance.
@snipperRaj: you applied yourself in indusind bank asba after 3pm in HNI or you heard from someone ?

In rhp it is generally mentioned after 3 pm hni is not allowed on last day.
In au third party is not allowed but you can apply your own one app. through mo. App or online asba.

thank you lokes & gjy

@ lokes, spock,
i have indusind and i mostly apply asba retail through that. i have twice applied asba hni also through that. For both retail and HNI, my application was accepted around 3.20-3.30pm. It also allow 3rd party asba.

while on my icici direct, where i apply HNI usually, only revision is allowed post 3pm till 3.30pm but for SME, even revision is not allowed post 3pm.

@snipperRaj ji
i have indusind account where i had already checked 3:30PM last day time for retail applications and its working, never try HNI application post 3PM.

few days back i heard from someone that even HNI can also apply upto 3:30PM on the last day from indusind netbankin, so wanted to confirm this. I think you are correct.

I have Indusind account which i use for HNI applications. I don't think they allow application after 3pm because i have tried modifying my application a few times after 3pm but it wasn't accepted. Therefore, never try HNI after 3pm.
I had tried retail once after 3pm and it was accepted.....so try at your own risk.

Officially, cut off time for Indusind is 3pm which i have confirmed from the branch manager.

@lokes Can you help in understanding which category to select while applying in HNI quota through indusind account.
I see below categories CO, FI, FII, IND, IC, MF, NOH , OTH in indusind. I understand IND is for for individual investor and not sure about HNI.

IND
its same for retail and NHI application,
your application will be differentiate in between Retail and NII as per your application bidding amount / lot details.

Thank you very much Spock

@Spock @NnipperRaj @MOG and other IndusInd Bank account holders...
Can any one of you apply in HNI at 3:20pm in any IPO, may be @lower price band, just to confirm this much debated issue of cutoff time.
Everytime when we are free from IPOs this issue is debated and discussed but never concluded. Even in this thread we see different opinions.

And to add to confusion, on some rare IPO occasion I also successfully applied with HNI application at 3:20 pm through ICICIDirect, inspite of HNI application cutoff time being 3 pm.

@Avenue
HNI cutoff time is 4PM so if banks or broker allows then application should get through.

I may try HNI application application in this Precision around 3:15 PM using indusind, will surely update the application status.

@Spock.. HNI cutoff in SME is definitely 3:00 pm in ICICI, and I will be surprised if IndusInd bank allows SME HNI application till 3:30 pm. I actually was asking to test mainboard HNI application after 3 pm.

Wherever you apply after 3 pm, please do update us with the result. Thanks

No . Only in account holder name in au

@avenue, @spock , all indusind users...i applied app of 2 lot size ( 2.70 lakhs) in DJML fpo in indusind at 3.17pm. It is accepted. Now 2 lot should be considered as HNI i believe.

snipperRaj
even i have applied HNI application in DJ at 3:15pm today and its accepted.

@snipperRaj @Spock... Thanks for taking pains to apply after 3 pm in HNI.
If Indusind is accepting SME HNI applications after 3 pm, it will most prabably accept mainboard IPOs HNI application also till 3:30...
Best wishes for allotment and gain...

@Spock @lokes One question on shareholder quota in Indusind bank.
I see below categories CO, FI, FII, IND, IC, MF, NOH , OTH in indusind. Like for Adani IPO under which category we should apply in shareholder quota..