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

Nov 25, 2022 - Nov 30, 2022

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

Objects of the Issue

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 Details

IPO Date Nov 25, 2022 to Nov 30, 2022
Listing Date [.]
Face Value ₹10 per share
Price ₹29 per share
Lot Size 4000 Shares
Issue Size3,248,000 shares of ₹10
(aggregating up to ₹9.42 Cr)
Fresh Issue3,248,000 shares of ₹10
(aggregating up to ₹9.42 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerSMC GLOBAL SECURITIES LTD.
Company Promoters

Pritika Auto Industries Limited is the company promoter.

Pritika Engineering Components IPO Tentative Timetable

Pritika Engineering Components IPO opens on Nov 25, 2022, and closes on Nov 30, 2022. The Pritika Engineering Components IPO bid date is from Nov 25, 2022 10.00 A.M. to Nov 30, 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 Nov 25, 2022
Closing Date Nov 30, 2022
Basis of Allotment Dec 5, 2022
Initiation of Refunds Dec 6, 2022
Credit of Shares to Demat Dec 7, 2022
Listing Date Dec 8, 2022

Pritika Engineering Components IPO Lot Size

The Pritika Engineering Components IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹116,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹116,000
Retail (Max) 1 4000 ₹116,000
S-HNI (Min) 2 8,000 ₹232,000

Pritika Engineering Components IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Pritika Engineering Components IPO Review

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 Nov 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)
NII144.47
Retail172.65
Total158.56

Pritika Engineering Components IPO Prospectus

Pritika Engineering Components IPO Rating

350
4.0
Rating:Rated 4.0 stars
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Company Contact Information

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/

Pritika Engineering Components IPO Review

Pritika Engineering Components IPO Recommendation Summary

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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 Nov 25, 2022, and closes on Nov 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 Nov 25, 2022 and closes on Nov 30, 2022.

Pritika Engineering Components IPO lot size is 4000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Pritika Engineering Components IPO will be done on Dec 5, 2022, and the allotted shares will be credited to your demat account by Dec 7, 2022. Check the Pritika Engineering Components IPO allotment status.

The Pritika Engineering Components IPO listing date is not yet announced. The tentative date of Pritika Engineering Components IPO listing is Dec 8, 2022.
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