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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 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 Date Jan 19, 2022 to Jan 24, 2022
Listing Date Tuesday, February 1, 2022
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Issue Size4,300,000 shares of ₹10
(aggregating up to ₹21.93 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Precision Metaliks IPO Tentative Timetable

Precision Metaliks IPO opens on Jan 19, 2022, and closes on Jan 24, 2022. The Precision Metaliks IPO bid date is from Jan 19, 2022 10.00 A.M. to Jan 24, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 19, 2022
Closing Date Jan 24, 2022
Basis of Allotment Jan 28, 2022
Initiation of Refunds Jan 31, 2022
Credit of Shares to Demat Feb 1, 2022
Listing Date Feb 1, 2022

Precision Metaliks IPO Lot Size

The Precision Metaliks IPO 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
Retail (Min) 1 2000 ₹102,000
Retail (Max) 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 ...

Precision Metaliks IPO Listing Date

Listing Date Tuesday, February 1, 2022
BSE Script Code
NSE Symbol PRECISION
Listing In
ISIN INE0HKW01018
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹51.00
₹75.00
₹71.25
₹75.00
₹71.25

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 Review

Precision Metaliks IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

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 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 .

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 on Tuesday, February 1, 2022.
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Precision Metaliks IPO Message Board

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620 Comments

189. Avenue |   Link |Feb 26, 2022 4:40:51 PM
I was allotted one lot each against two applications in Precision IPO, but shares were not transferred to my ICICI DMAT account till 10 am at listing due to some technical issue.

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.
189.11. Learntrade |   Link |Mar 2, 2022 1:33:57 PM
Can anyone guide the process to register the complaint ..as I don't have screenshot of share status on listing day in icici demat...but m sure they can track it from back end...I wished to sell in premarket open order but now stuck with loses due to volatility
189.12. Jsca |   Link |Mar 2, 2022 2:17:08 PM
@Learntrade, file complaint at investorhelpline.nseindia.com even you don't have screenshot and share your complaint number here.
188. GOVIND R PATEL |   Link |Feb 18, 2022 5:34:57 AM
Precision Metallic Company has pending orders till 2026 The price will be Rs.500 in a year
188.2. Sunmoney |   Link |Feb 18, 2022 9:35:38 PM
Give source of this information
188.3. AbFrancis |   Link |Feb 23, 2022 8:16:12 PM
Good to know. Do provide a link or source from where you gathered this information, otherwise it is just plain noise.
187. RAKA GANGAPUR |   Link |Feb 17, 2022 7:03:59 PM
@ K.Atar

Thanks Sir,

All the Best for Share Holders,
May this Company perform well and all the Share Holders earn Huge Profit.
I am not here to scare you, I am also a small retail investor like others,
I am there in Market Since 2003, I am an IPO addict, Used to apply in almost all,
Thanks
187.1. K.Atar |   Link |Feb 17, 2022 7:33:58 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Then,,, do a lot of research before applying in any ipo and if you are not comfortable with the company then don't apply even if whole world is applying in it. Trust your conviction and gut. Leave this matter to us, no one is scared of your posts rather you seems to be terrified.
Go slow in your investments never rush that's I can say.
186. RAKA GANGAPUR |   Link |Feb 17, 2022 1:11:42 PM
ICICI is not allowing to trade and even price details also not shown,
See How Fraud this company is
186.5. Dinesh Singh |   Link |Feb 17, 2022 6:56:04 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
@RAKA,
Your friend have given you wrong information.
Please recover the loss from your friend or file police complain or leave the friend.
Apply your mind and not others.

186.6. RAKA GANGAPUR |   Link |Feb 17, 2022 7:09:03 PM
@ Dharmendra
Ohh,
Should I buy again ?
185. RAKA GANGAPUR |   Link |Feb 17, 2022 1:10:06 PM
Person having Shares in their demat with ICICI Bank is not able to sell it and Even Price is not refreshing,
Again I say That exit this company immediately
184. RAKA GANGAPUR |   Link |Feb 17, 2022 12:47:14 PM
This company's products are very ordinary,
It is a big scam to trap all innocent retail investors
183. RAKA GANGAPUR |   Link |Feb 17, 2022 12:43:05 PM
My Friend has visited the Premises and He told me about the company,
Exit immediately and save your capital,
Share Market is total Gamble, anything can happen, This company's share may run but is it better to keep away yourself from this company and invest in some good fundamental Bluechip company
182. RAKA GANGAPUR |   Link |Feb 17, 2022 12:39:51 PM
Bogus Company, Operating from 25*49 Sq feet Flat
181. ashishk |   Link |Feb 17, 2022 11:38:24 AM
ICICI is not allowing to trade and even price details also not shown. Is anybody else too facing the same issue?
180. MehulStk |   Link |Feb 15, 2022 9:39:39 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Why Precision is not trading today?
180.8. Ravu |   Link |Feb 15, 2022 4:03:16 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
In NSE site , it has mentioned that the stock has suspended . There was no preopening trade happened. Looks like later it got changed . ICICI and zerodha was not allowed to trade and even price details also not shown
180.9. ashishk |   Link |Feb 17, 2022 11:37:29 AM
Even today ICICI is not allowing to trade and price details also not shown
179. K.Atar |   Link |Feb 16, 2022 8:21:12 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Anyone has any idea when the quarterly results are expected. Being late is creating doubt.
179.1. K.Atar |   Link |Feb 16, 2022 10:10:53 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
I am searching but unable to find it.
178. Learner Vj |   Link |Feb 16, 2022 8:10:49 PM
Uptill today, 50% of issue size being traded since listed. Hope atleast now onwards it will move upwards.
177. Neo♥️ |   Link |Feb 16, 2022 2:23:19 PM
It is good but pre ipo holding is 79 %
After ipo promoter holding is about 58%
What about the rest 20.3%holding
Reason for lower hni subscription and such a downfall suggest else story
Is there any Lock period for those remaining 20.30 share Holder
Please guide us
177.1. Neo❤️ |   Link |Feb 16, 2022 2:57:33 PM
I fear that it was automatic OFS of those 20.30 % holding
176. shareHunterz |   Link |Feb 16, 2022 9:10:46 AM
Unable to put sell order even today on zerodha.
What is the solution?
I called zerodha customer care but didn't get proper response.
176.1. shareHunterz |   Link |Feb 16, 2022 9:19:55 AM
The issue was in pre-open only, able to put sell orders now
175. Traderjee |   Link |Feb 15, 2022 12:37:31 PM
why it not show in zerodha?
174. antarix |   Link |Feb 15, 2022 11:02:14 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Now trading at 44. But not showing in Zerodha.
173. MehulStk |   Link |Feb 15, 2022 9:44:28 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I guess it's circuit limit change to 20% today
172. ashishk |   Link |Feb 12, 2022 12:39:03 PM
As per my thinking ,Company fundamentals are good but subscription was not according to that and now after multiple LCs, share price is hovering between 52 to 56.
@lokes sir , What may be the future strategy for shareholders Please share your views

P.S.:-I am currently holding 2 lots from the IPO
172.8. Neo♥️ |   Link |Feb 14, 2022 5:43:05 PM
Dear @lokes Sir
I am sailing in the same boat as @abhishek
My query is when will be results out
Is it possible for a company to declare results without compulsion from nse as nse insist it on half yearly basis
So many people holding it are in panic situation due to herd mentality even if company is in SEZ enjoying tax benefits for more than 6+ years so plz guide us
Regards
E
172.9. Neo♥️ |   Link |Feb 14, 2022 5:45:48 PM
Oh sorry he is @ashishk
171. Gyro |   Link |Feb 11, 2022 2:58:17 PM
I am trying to purchase a Lot of 2000 Shares through Sharekhan. But getting an Error msg : In Group Scrip Buy not allowed. How to buy the lot of Precision Metalik, as I been to their facility long time ago and believe it can perform well in long term. But I am not able to buy, can someone tell me what is this "Error msg : In Group Scrip Buy not allowed" mean?
171.3. Gyro |   Link |Feb 12, 2022 8:02:09 PM
No, I have not given Power of attorney to sharekhan.
171.4. K.Atar |   Link |Feb 13, 2022 6:16:28 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
I also haven't given PoA, so what is the remedy.
Can you please help us out.
170. Amit Jaipur |   Link |Feb 11, 2022 11:58:19 AM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Is it Advisable to buy this stock at current levels of 53 or 54.
170.24. K.Atar |   Link |Feb 17, 2022 6:43:09 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@Raka,
That's way of life,sometimes we win, sometimes we lose,better to identify your own limitations before jumping in. Never test the depth of water with both feet. Nevertheless if it's true what you told then we have every sympathy with you. And I wish you Good luck in all spheres of your life. May you recover by all good means if you lost something.
170.25. RAKA GANGAPUR |   Link |Feb 17, 2022 6:46:10 PM
Movement in share price is not based on Company's performance, Its all Operator Game only.