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Pritika Engineering Components Limited IPO (Pritika Engineering Components IPO) Detail

November 25, 2022 - November 30, 2022

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.

Pritika Engineering Components IPO Details

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 Size3,248,000 shares
(aggregating up to ₹9.42 Cr)
Fresh Issue3,248,000 shares
(aggregating up to ₹9.42 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion164,000 shares
Smc Global Securities

Pritika Engineering Components IPO Reservation

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 Offered164,000 (5.05%)
Other Shares Offered1,542,000 (47.48%)
Retail Shares Offered1,542,000 (47.48%)
Total Shares Offered3,248,000 (100%)

Pritika Engineering Components IPO Timeline (Tentative Schedule)

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

Pritika Engineering Components IPO Lot Size

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 Engineering Components IPO Promoter Holding

Pritika Auto Industries Limited is the company promoter.

Share Holding Pre Issue 100%
Share Holding Post Issue

About Pritika Engineering Components Limited

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:

  • Quality standards.
  • Experienced and professional management team.
  • Wide product range and product segments.
  • Legacy Business Process & Management.
  • Strong & experienced R&D team.

Company Financials

Pritika Engineering Components Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-204134.382172.413.75538.82023
31-Mar-215594.293244.3638.181262.132196.71
31-Mar-227107.365739.58546.171652.622507.67
30-Sep-228121.824340.24185.531832.883161.13
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Pritika Engineering Components IPO is Rs 31.56 Cr.

Pre IPO Post IPO
P/E (x) 8.76

Objects of the Issue (Pritika Engineering Components IPO Objectives)

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

Pritika Engineering Components IPO Review (May apply)

[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...


Pritika Engineering Components IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other144.47
Retail172.65
Total158.56

Pritika Engineering Components IPO Prospectus

Pritika Engineering Components IPO Rating

350
4.0
Rating:Rated 4.0 stars
Vote Here ...

Pritika Engineering Components IPO Listing Details

Listing Date December 8, 2022
BSE Script Code
NSE Symbol PRITIKA
ISIN INE0MJQ01012
Final Issue Price ₹29 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹29.00
₹42.20
₹40.10
₹44.30
₹44.30

Check IPO Performance…

Pritika Engineering Components Limited Contact Details

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

Pritika Engineering Components IPO Registrar

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

Pritika Engineering Components IPO - Buy or Not

Pritika Engineering Components IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 6 0 0

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Pritika Engineering Components IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Pritika Engineering Components 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 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.

The Pritika Engineering Components IPO listing date is on December 8, 2022.
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Pritika Engineering Components IPO Message Board

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369 Comments

154. lokes |   Link |  Bookmark |December 23, 2022 2:09:42 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
Bought 1 lot again here today at 29 rs issue price...after selling initial listing day purchase in small loss...
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
154.1. Meetborsadiya |   Link |  Bookmark |December 29, 2022 3:38:46 PM
Easily archive.
153. Meetborsadiya |   Link |  Bookmark |December 22, 2022 11:31:59 AM
Big game played by operators in pritika and baheti.
152. ओम |   Link |  Bookmark |December 21, 2022 8:46:14 PM
Sahil Gupta Bulk purchase 21 Dec 2022 37.60 96000 NSE
152.1. Noorul |   Link |  Bookmark |December 22, 2022 9:10:08 PM
He closed his position today in loss .
151. Riyansh |   Link |  Bookmark |December 21, 2022 9:16:12 AM (200+ Posts)
ANSHUL AGARWAL      Bulk      Purchase      20 Dec 2022      41.13      56,000      NSE
150. Taj Jassat |   Link |  Bookmark |December 19, 2022 12:43:24 PM
Operators ruined a good script, exited fully today with 1500 loss (includes brokrage). I may enter again if operators try to play nice game. Their current game had low reward:risk for me. So this decision. All the best to other people, who are holding. Let's see tomorrow.(N.B- not a recommendation to exit. Take own decision as per your situation.) Thanks for being here.
149. Riyansh |   Link |  Bookmark |December 16, 2022 10:29:51 AM (200+ Posts)
At Upper Circuit today. Anyone holding yet ?
149.1. Rajendra Kumar Gupta |   Link |  Bookmark |December 16, 2022 1:50:36 PM
Hold 1 lot
148. Nithu |   Link |  Bookmark |December 16, 2022 10:50:02 AM
hi
SME IPO allotment shares sell in listing day in upstock or next day will sell which broker is best to sme ipo, please inform

thank you
147. Takamichi |   Link |  Bookmark |December 14, 2022 3:51:08 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Even if it's going down....the Volume is giving a very good sign.....
147.1. Riyansh |   Link |  Bookmark |December 15, 2022 8:34:10 AM (200+ Posts)
Exactly,Volume is encouraging.
146. Dinesh Singh |   Link |  Bookmark |December 12, 2022 2:52:25 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Never seen such a third class company like this....
continus LC since last 2 days...and seems it will not end soon...and may go below issue price.

146.14. Takamichi |   Link |  Bookmark |December 14, 2022 9:53:46 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Baring 3-4 smes, all the smes r in dump only...... So it's a wait and watch game for now....have the patience
.....once the market stabilizes at a level, then money will come in sme .....
146.15. Dinesh Singh |   Link |  Bookmark |December 14, 2022 10:10:22 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
@lokes, sold today @39.90....now relax.10k loss is not big deal...now will never by any SME share at all ...
145. Taj Jassat |   Link |  Bookmark |December 14, 2022 9:43:42 AM
Jisko darr lag raha, Aaj exit kar le..only 10-12 k loss from pre-open.
144. Riyansh |   Link |  Bookmark |December 12, 2022 11:46:40 AM (200+ Posts)
SMC GLOBAL SECURITIES LIMITED      Bulk      Purchase      08 Dec 2022      42.26      28,000      NSE
CHETAN RASIKLAL SHAH      Bulk      Purchase      08 Dec 2022      41.21      56,000      NSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      Bulk      Purchase      08 Dec 2022      41.88      76,000      NSE
LAXMIKANTH PRABHU N      Bulk      Purchase      08 Dec 2022      42.46      80,000      NSE
SMC GLOBAL SECURITIES LIMITED      Bulk      Sell      08 Dec 2022      43.33      92,000      NSE
143. JaiShriKrishna |   Link |  Bookmark |December 8, 2022 4:08:49 PM
I have seen that many people purchased today between 40-42.
What is expected price for this on 30th Dec 2022 ....Last trading day of this Calendar year.
143.3. common man |   Link |  Bookmark |December 9, 2022 11:46:43 AM
how do people buy or sell a script which is in upper / lower circuit ? my broker does not accept any order whatsoever.
143.4. JaiShriKrishna |   Link |  Bookmark |December 9, 2022 9:40:57 PM
movement will be down for 2 more session and than it will move up...but be cautious operator will play here and retailor should play safe.
Operator market se mal khich ki taiyari me hai....and fir game suru hoga.
See the Varanium movement after result. and this is aslo a fundamental good company.
142. Dinesh Singh |   Link |  Bookmark |December 9, 2022 10:36:53 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Those who have purchased yesterday made the wrong decision including me...
Now we can't do anything until 13th ...let's see how much loss we have to book on 13th...
142.11. Dinesh Singh |   Link |  Bookmark |December 9, 2022 9:19:53 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
@lokes, Don't believe in long term...I will rectify my mistake by selling on Tuesday...at whatever price I get....Utilize these funds in other good IPO to recover the loss...that's so simple.
Thanks for your view...
142.12. Riyansh |   Link |  Bookmark |December 11, 2022 9:07:14 PM (200+ Posts)
@Dinesh Singh,. I also agree with Gaurav & Lokes. I feel It's just panic selling.company is good and It will give Good Return in few sessions.
141. common man |   Link |  Bookmark |December 9, 2022 9:57:47 AM
i wasn't able to sell today due to UC; and today theres LC. Does it mean my money is locked up ? ICICI Direct rejects all market / limit orders, prolly due to the circuit filter.
141.1. common man |   Link |  Bookmark |December 9, 2022 10:00:07 AM
correction: i couldn't sell *yesterday* due to UC
140. Noorul |   Link |  Bookmark |December 8, 2022 10:24:49 AM
Still holding. Volume is good here..
140.2. Noorul |   Link |  Bookmark |December 8, 2022 1:13:03 PM
On Monday picture will clear about it..
Set stop loss of 40.
140.3. o.p.punani |   Link |  Bookmark |December 9, 2022 6:29:52 AM
can buy one lot dear today at 42.30 if you advise
139. Learner SK |   Link |  Bookmark |December 8, 2022 12:42:59 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
In all SME IPOs, only few people (from Chittorgarh) like Noorul, MRavi, Lokes etc are getting. All others are applying, blocking, checking, hoping, getting (non allotment message), unblocking and again applying. And on listing day, checking (price movement), thinking (Kas mujhe mila hota) and shutting (browser). So all non allottees deserve party from Noorul, MRavi, Lokes (and others who get SME allotment regularly).
139.2. lokes |   Link |  Bookmark |December 8, 2022 2:34:17 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@learner sk : you should replace my name with avenue :)
i get very rarely :) only got ambo and daps and IPS in recent time....
didn't got any good subscribed one from that slot of around 10 ipos similar time like concord/insolation/cargotrans/cargosol/steelman/cyber media etc neither like containe/maks/viviana/mega flex/virtuoso/annapurna.....etc....
got sabar and jay jalaram only from that time....
139.3. MRavichandran |   Link |  Bookmark |December 8, 2022 8:55:50 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Learner SK,
my name also is wrongly listed in your message. however, your message about me, would have been true if you had posted this one year ago, surely not for now. I seldom get allotments nowadays for the reasonably or heavily subscribed ones. May be i can give party for my good allotments one year ago. 😜

Thanks
138. Arca |   Link |  Bookmark |December 8, 2022 9:47:08 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
Bought 1
138.13. Riyansh |   Link |  Bookmark |December 8, 2022 3:23:37 PM (200+ Posts)
I also bought 1 Lot
138.14. ओम |   Link |  Bookmark |December 8, 2022 4:07:37 PM
Bought 3 lot @ 43.33
137. PKRAJ |   Link |  Bookmark |December 8, 2022 3:31:48 PM
Can call a good listing. Listing as per expectations. Better for the members who want to buy some and not in good quantity. When there is everage listing as per expectation, there are chances of UC sometimes. It is now UC. Generally buying on listing day for members is not advisable in SMEs. Only members with great financial appetite can always take risk. But when listed on very high than expectation one must exit, in my opinion. Further buying is never advisable. Some great members of our forum even don't enter in very high listed SMEs.
Decision is always person to person.
Today's two SME listing totally different. Not bad at all.
136. Abhii VPG |   Link |  Bookmark |December 7, 2022 2:39:28 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Industry is good, Financials are also decent as compared to Ambo.
Clients include big names like Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj.
Gmp also indicates good listing.

Might see 1-2 UC after listing.
136.1. Abhii VPG |   Link |  Bookmark |December 8, 2022 3:26:23 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
1st UC with strong buyer side 👍🏻
135. i For IPO ☑️ |   Link |  Bookmark |December 8, 2022 12:02:44 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
22 Lakhs Shares Trade Off

Hold