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Precision Metaliks Limited IPO (Precision Metaliks IPO) Detail

Jan 19, 2022 - Jan 24, 2022

Incorporated in 2012, Precision Metaliks is engaged in trading and manufacturing Aluminium Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing. Its manufacturing unit is situated at Visakhapatnam SEZ, Duvada, Visakhapatnam, Andhra Pradesh.

Key Products & Services

  1. Value-added services on Alloy wheels for a major client, Synergies Casting Ltd (SCL). It is also planning to supply finished Alloy Wheels with accessories to the USA market through Silver MetalX INC, USA.
  2. Automated cleaning of Aluminium chips + briquetting into Ingots.
  3. Robotic polishing of alloy wheels i.e. robotic grinding, buffing, automatic media polishing, and 3D polishing.
  4. Other Engineering services i.e. high-end design engineering, product development, prototyping, tooling design, etc.

Competitive strengths

  • Specialized in finishing semi-finished alloy wheels.
  • Low-cost infrastructure and high-end technology.
  • Strong customer relationship.
  • Professional and experienced management team.

Company Promoters:

Abhishek Business Pvt Ltd and Jayanthi Roja Ramani are the company promoters./p>

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,022.96 2,147.71 1,367.27 302.59
Total Revenue 4,813.35 4,924.13 2,217.96 5.28
Profit After Tax 214.57 149.35 82.39 0.46

Objects of the Issue:

  1. Meet additional working capital requirements.
  2. General corporate purposes.

Precision Metaliks IPO Details

IPO Opening Date Jan 19, 2022
IPO Closing Date Jan 24, 2022
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹51 per equity share
Market Lot 2000 Shares
Min Order Quantity 2000 Shares
Listing At NSE SME
Issue Size4,300,000 Eq Shares of ₹10
(aggregating up to ₹21.93 Cr)

Precision Metaliks IPO Tentative Timetable

The Precision Metaliks IPO open date is Jan 19, 2022, and the close date is Jan 24, 2022. The issue may list on Feb 2, 2022.

IPO Open Date Jan 19, 2022
IPO Close Date Jan 24, 2022
Basis of Allotment Date Jan 28, 2022
Initiation of Refunds Jan 31, 2022
Credit of Shares to Demat Account Feb 1, 2022
IPO Listing Date Feb 2, 2022

Precision Metaliks IPO Lot Size

The Precision Metaliks IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹102,000
Maximum 1 2000 ₹102,000

Precision Metaliks IPO Promoter Holding

Pre Issue Share Holding 79.70%
Post Issue Share Holding 58.62%

Precision Metaliks IPO Review

After starting as a trader in metal, the company ventures into manufacturing and related allied services. It has posted growth in its top and bottom lines, but spectacular performance for the last one and half years raises eyebrows and sustainability of margins raises concern. Based on its financial parameters, the issue is fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...

Precision Metaliks IPO Subscription Status (Bidding Detail)

The Precision Metaliks IPO is subscribed 7.36 times on Jan 24, 2022 5:42:00 PM. The public issue subscribed 11.90 times in the retail category, times in the QIB category, and 2.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.81
Retail11.90
Total7.36

Precision Metaliks IPO Prospectus

Precision Metaliks IPO Rating

564
4.2
Rating:Rated 4.2 stars
Vote Here ...

Company Contact Information

Precision Metaliks Limited
6-3-855/10/A, Flat No. 4A, Sampathji Apartments
Saadat Manzil, Ameerpet,
Hyderabad-500016
Phone: 91 891 4884132
Email: cs@precision-metaliks.com
Website: http://www.precision-metaliks.com/

Precision Metaliks IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Precision Metaliks IPO Reviews / Ratings

Precision Metaliks IPO FAQs

Precision Metaliks IPO is a SME IPO of 4,300,000 equity shares of the face value of ₹10 aggregating up to ₹21.93 Crores. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Jan 19, 2022, and closes on Jan 24, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Precision Metaliks IPO using UPI as a payment gateway. Zerodha customers can apply in Precision Metaliks IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Precision Metaliks IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Precision Metaliks IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Precision Metaliks IPO opens on Jan 19, 2022 and closes on Jan 24, 2022.

Precision Metaliks IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Precision Metaliks 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Precision Metaliks IPO will be done on Jan 28, 2022, and the allotted shares will be credited to your demat account by Feb 1, 2022. Check the Precision Metaliks IPO allotment status.

The Precision Metaliks IPO listing date is not yet announced. The tentative date of Precision Metaliks IPO listing is Feb 2, 2022.

Precision Metaliks IPO Message Board

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