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Precision Metaliks IPO is a fixed price issue of Rs 21.93 crores.
Precision Metaliks IPO bidding started from January 19, 2022 and ended on January 24, 2022. The allotment for Precision Metaliks IPO was finalized on Friday, January 28, 2022. The shares got listed on NSE SME on February 1, 2022.
Precision Metaliks IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
First Overseas Capital Limited is the book running lead manager of the Precision Metaliks IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Precision Metaliks IPO RHP for detailed information.
| IPO Date | January 19, 2022 to January 24, 2022 |
| Listing Date | February 1, 2022 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,300,000 shares (aggregating up to ₹21.93 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 216,000 shares |
Precision Metaliks IPO offers 4,300,000 shares. 2,042,000 (47.49%) to NII, 2,042,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 216,000 (5.02%) |
| Other Shares Offered | 2,042,000 (47.49%) |
| Retail Shares Offered | 2,042,000 (47.49%) |
| Total Shares Offered | 4,300,000 (100%) |
Precision Metaliks IPO opens on January 19, 2022, and closes on January 24, 2022.
| IPO Open Date | Wednesday, January 19, 2022 |
| IPO Close Date | Monday, January 24, 2022 |
| Basis of Allotment | Friday, January 28, 2022 |
| Initiation of Refunds | Monday, January 31, 2022 |
| Credit of Shares to Demat | Tuesday, February 1, 2022 |
| Listing Date | Tuesday, February 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2022 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Abhishek Business Pvt Ltd and Jayanthi Roja Ramani are the company promoters./p>
| Share Holding Pre Issue | 79.70% |
| Share Holding Post Issue | 58.62% |
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
Competitive strengths
| 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 | |
The market capitalization of Precision Metaliks IPO is Rs 82.92 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.32 |
[Dilip Davda] 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...
The Precision Metaliks IPO is subscribed 7.36 times on January 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)
| Category | Subscription (times) |
|---|---|
| Other | 2.81 |
| Retail | 11.90 |
| Total | 7.36 |
| Listing Date | February 1, 2022 |
| BSE Script Code | |
| NSE Symbol | PRECISION |
| ISIN | INE0HKW01018 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹75.00 |
| ₹71.25 |
| ₹75.00 |
| ₹71.25 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 share. The minimum order quantity is 2000 Shares.
The IPO opens on January 19, 2022, and closes on January 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
Visit Zerodha IPO Application Process Review for more detail.
The Precision Metaliks IPO opens on January 19, 2022 and closes on January 24, 2022.
Precision Metaliks IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Precision Metaliks IPO will be done on Friday, January 28, 2022, and the allotted shares will be credited to your demat account by Tuesday, February 1, 2022. Check the Precision Metaliks IPO allotment status.
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RHP
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I want to know is there anybody who got allotment in Precision in ICICI DMAT and was able to sell on listing at 10am?
Similarly all who got allotment and could not sell, may respond too. I know four such applicants.
If no one could, it is a bigger error on ICICI part and they should respond.