Precision Metaliks was incorporated on July 27, 2012. The company carries out the manufacturing activities/process on semi-finished wheels by rendering value-added services such as cleaning, washing, buffing, polishing, testing and packing.
| Bidding Dates |
|---|
| 19 Jan 2022 - 24 Jan 2022 |
| Subscription |
|---|
| 7.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 4.3 M | ₹51 | 73.55 % | ₹219.3 M | RHP DOC |
Precision Metaliks IPO SUBSCRIPTION STATUS
24 Jan '22Precision Metaliks IPO overall subscription rate was 7.36 times the total available shares
Precision Metaliks IPO retail subscription rate was 11.9 times in the retail segment
Precision Metaliks IPO non-institutional investor subscription rate was 2.81 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Jan 2022 (Day 4) | 11.9x | 2.81x | - |
19 Jan 2022 (Day 1) | 2.18x | 0.15x | - |
20 Jan 2022 (Day 2) | 4.31x | 0.41x | - |
21 Jan 2022 (Day 3) | 6.45x | 0.49x | - |
Precision Metaliks FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY22 | 21.5 | 481.3 | -5.4 | -5.4 |
| FY21 | 14.9 | 492.4 | -26.7 | -26.8 |
| FY20 | 8.2 | 221.8 | -84.0 | -91.4 |
| FY19 | 0.0 | 0.4 | 2.3 | 2.3 |
Precision Metaliks IPO SUBSCRIPTION STATUS DETAILS
Precision Metaliks had 4.3 M shares on offer
Precision Metaliks IPO offer price was ₹51
Precision Metaliks IPO minimum Investment was ₹102000
Precision Metaliks IPO issue size was ₹ 219.3 M
Precision Metaliks had a minimum lot size of 2000 Shares per application
Precision Metaliks NUMBER OF SHARES ON OFFER
Precision Metaliks IPO IMPORTANT DATES
| Issue Open Date | 19 Jan 2022 |
| Issue close Date | 24 Jan 2022 |
| Allotment Date | 28 Jan 2022 |
| Refund Date | 31 Jan 2022 |
| Demat Account Credit Date | 01 Feb 2022 |
| Listing Date | 01 Feb 2022 |
| Listing on Exchange(s) | NSE |
| Precision Metaliks Allotment Status | Exchange |
Precision Metaliks IPO subscription opened on 19 Jan 2022, and closed on 24 Jan 2022
IPO allotment for Precision Metaliks was finalized on Friday, 28 Jan 2022
IPO listing for Precision Metaliks was on NSE on Tuesday, 01 Feb 2022
Precision Metaliks IPO LISTING GAINS
| Issue Price (adjusted) | 51.0 |
| Listing Open Price | 75.0 |
| Listing Close Price | 71.3 |
| Listing Gain% | 47.1% |
| Current Gain% | -83.3% |
Precision Metaliks Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Precision Metaliks Ltd. | 8.5 | 13.8 | -2.1 | 0 | 0.9 | -11.9 | -5.4 | 14.6 | -88.9 | -9.3 | -1272.2 | -4.1 | -930.1 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Precision Metaliks INFORMATION ON IPO ISSUE
About Precision Metaliks
Precision Metaliks was incorporated on July 27, 2012. The company carries out the manufacturing activities/process on semi-finished wheels by rendering value-added services such as cleaning, washing, buffing, polishing, testing and packing.
Object of the Issue
- Meet additional working capital requirements
- General corporate purposes
Precision Metaliks - PROMOTERS
| Name |
|---|
| Abhishek Business Private Limited |
| Jayanthi Roja Ramani |
Precision Metaliks Lead Manager
First Overseas Capital Limited
satish@focl.in
Precision Metaliks Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Precision Metaliks Strengths
Cost effective, precise and automated solutions
The company is specialized in finishing of semi-finished alloy wheels and its low-cost infrastructure and high-end precision technology enable it to provide quality services at competitive pricing compared to some of its competitors
Repeat customer orders
The company has been receiving annual purchase orders from the customer and it supplies them throughout the year as per their requirements
Strong professional team
The Promoter, Jayanthi Roja Ramani is a Master of Commerce degree Andhra University passed in 1999 with Banking as a special subject
Precision Metaliks Risks
Outstanding tax proceedings
There are certain outstanding tax proceedings against the company and its promoters which may adversely affect business, financial condition, and results of operations
Dependent on few clients
A substantial portion of the revenues has been dependent upon a few clients
Geographic concentrations
The operations are significantly located in the Southern region of India and failure to expand operations may restrict growth
IPO FAQs
The promoters of the company are Abhishek Business Private Limited and Jayanthi Roja Ramani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Jan 19, 2022 and closes on Jan 24, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Jan 28, 2022.
The refund will be credited to your account on Jan 31, 2022.
The allotted shares will be credited to your demat on Feb 01, 2022.
Precision Metaliks Ltd.’s shares listed on the stock exchanges on Feb 01, 2022.