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Pritika Engineering Components IPO is a fixed price issue of Rs 9.42 crores. The issue is entirely a fresh issue of 32.48 lakh shares.
Pritika Engineering Components IPO bidding started from November 25, 2022 and ended on November 30, 2022. The allotment for Pritika Engineering Components IPO was finalized on Monday, December 5, 2022. The shares got listed on NSE SME on December 8, 2022.
Pritika Engineering Components IPO price is ₹29 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹232,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Pritika Engineering Components IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Pritika Engineering Components IPO is Smc Global Securities.
Refer to Pritika Engineering Components IPO RHP for detailed information.
| IPO Date | November 25, 2022 to November 30, 2022 |
| Listing Date | December 8, 2022 |
| Face Value | ₹10 per share |
| Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,248,000 shares (aggregating up to ₹9.42 Cr) |
| Fresh Issue | 3,248,000 shares (aggregating up to ₹9.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,634,515 |
| Share holding post issue | 10,882,515 |
| Market Maker portion | 164,000 shares Smc Global Securities |
Pritika Engineering Components IPO offers 3,248,000 shares. 1,542,000 (47.48%) to NII, 1,542,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 164,000 (5.05%) |
| Other Shares Offered | 1,542,000 (47.48%) |
| Retail Shares Offered | 1,542,000 (47.48%) |
| Total Shares Offered | 3,248,000 (100%) |
Pritika Engineering Components IPO opens on November 25, 2022, and closes on November 30, 2022.
| IPO Open Date | Friday, November 25, 2022 |
| IPO Close Date | Wednesday, November 30, 2022 |
| Basis of Allotment | Monday, December 5, 2022 |
| Initiation of Refunds | Tuesday, December 6, 2022 |
| Credit of Shares to Demat | Wednesday, December 7, 2022 |
| Listing Date | Thursday, December 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 30, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹116,000 |
| Retail (Max) | 1 | 4000 | ₹116,000 |
| HNI (Min) | 2 | 8,000 | ₹232,000 |
| Lot Size Calculator | |||
Pritika Auto Industries Limited is the company promoter.
| Share Holding Pre Issue | 100% |
| 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 Components IPO is Rs 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...
The Pritika Engineering Components IPO is subscribed 158.56 times on November 30, 2022 7:00:00 PM. 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) |
|---|---|
| Other | 144.47 |
| Retail | 172.65 |
| Total | 158.56 |
| Listing Date | December 8, 2022 |
| BSE Script Code | |
| NSE Symbol | PRITIKA |
| ISIN | INE0MJQ01012 |
| Final Issue Price | ₹29 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹29.00 |
| ₹42.20 |
| ₹40.10 |
| ₹44.30 |
| ₹44.30 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pritikaengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Pritika Engineering Components IPO is a SME IPO of 3,248,000 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 Shares.
The IPO opens on November 25, 2022, and closes on November 30, 2022.
Link Intime India Private 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 Components IPO using UPI as a payment gateway. Zerodha customers can apply in Pritika Engineering Components IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pritika Engineering Components IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pritika Engineering Components IPO opens on November 25, 2022 and closes on November 30, 2022.
Pritika Engineering Components IPO lot size is 4000 Shares, and the minimum amount required is ₹116,000.
You can apply in Pritika Engineering Components IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pritika Engineering Components 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 Components IPO allotment status.
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Now it looks like good risk to reward ratio in short to medium term...whenever sentiments will improve then it can come near 35 levels easily