Pritika Engineering Components IPO will open for subscription from 25 November 2022. the company aims for an issue size of ₹9.42 Cr through this IPO.
Pritika Engineering Components Limited
The company is engaged in the business of manufacturing 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.
It manufactures customized products for tractors, commercial vehicles & other construction equipment, etc which are supplied to Original Equipment Manufacturers (OEMs) directly/through the group companies. Pritika Engineering was previously listed on Calcutta Stock Exchange and the same was directly listed on the Bombay stock exchange dated October 01, 2015.
Pritika Engineering’s manufacturing unit is located in Punjab. The company’s clients include Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj, among others. It is a wholly-owned subsidiary of Pritika Auto Industries Limited.
Basic details about the company
| Full name | Pritika Engineering Components Limited |
| Sector | Automobile and ancillaries |
| Industry | Auto Ancillary |
| Company Website | http://www.pritikaengineering.com/ |
Objects of the Issue
- Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL);
- General Corporate purposes.
Major Competitive strengths
- Legacy Business Process & Management.
- Experienced and professional management team.
- Strong & experienced R&D team.
- Wide product range and product segments.
- Quality standards.
Dates to remember
| IPO Opening date | 25 November 2022 |
| IPO Closing | 30 November 2022 |
| Basis of Allotment | 05 December 2022 |
| Initiation Refund | 06 December 2022 |
| Credit to Demat Account | 07 December 2022 |
| Listing Date | 08 December 2022 |
Pritika Engineering Components IPO Details
| IPO Date | Nov 25, 2022 to Nov 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹29 per share |
| Lot Size | 4000 Shares |
| Issue Size | 3,248,000 shares of ₹10 (aggregating up to ₹9.42 Cr) |
| Fresh Issue | 3,248,000 shares of ₹10 (aggregating up to ₹9.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Pritika Engineering Components IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹116,000 |
| Retail (Max) | 1 | 4000 | ₹116,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Pritika Engineering Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 21.72 | 32.44 | 57.40 |
| Expenses | 21.58 | 31.86 | 51.52 |
| Net income | 0.42 | 0.38 | 3.91 |
Pritika Engineering Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.27 | 0.60 | 7.15 |
| PE ratio | – | – | 4.06 |
| RONW (%) | 2.55 | 3.03 | 33.05 |
| NAV | – | 17.00 | 22.00 |
Company Promoters
- Pritika Auto Industries Limited
Pritika Engineering Components IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
- GYR Capital Advisors Limited
Pritika Engineering IPO Registrar
SATELLITE CORPORATE SERVICES PRIVATE LIMITED
A 106 & 107, Dattani Plaza,East West Compound,
Andheri Kurla Road, Safed Pool Sakinaka,
Mumbai – 400072
Phone: +91 22 28520461
Email: sme.ipo@satellitecorporate.com
Website: www.satellitecorporate.com
Pritika Engineering 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: www.pritikaengineering.com
Pritika Engineering IPO Allotment Status
Pritika Engineering IPO allotment status will be available on Satellite Corporate Services’ website.
Click on this link to get allotment status.
Final thoughts
Pritika Engineering Components IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
