Pritika Engineering Components was incorporated on February 20, 2018. It caters to the tractor industry in the automotive sector with a major dependency on original equipment manufacturers. It is engaged in manufacturing precision machined components, primarily for the automotive industry, especially for tractors, trucks and other commercial vehicles.
| Bidding Dates |
|---|
| 25 Nov 2022 - 30 Nov 2022 |
| Subscription |
|---|
| 156.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 4000 | 3.2 M | ₹29 | 70.15 % | ₹94.2 M | RHP DOC |
Pritika Engineering IPO SUBSCRIPTION STATUS
30 Nov '22Pritika Engineering IPO overall subscription rate was 156.38 times the total available shares
Pritika Engineering IPO retail subscription rate was 168.46 times in the retail segment
Pritika Engineering IPO non-institutional investor subscription rate was 144.3 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Nov 2022 (Day 4) | 168.46x | 144.3x | - |
29 Nov 2022 (Day 3) | 49.83x | 8.11x | - |
28 Nov 2022 (Day 2) | 20.07x | 3.34x | - |
25 Nov 2022 (Day 1) | 4.28x | 1.39x | - |
Pritika Engineering 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) | Margins |
| H1FY23 | 18.6 | 433.1 | 11.2 | -11.0 | 13.0% |
| FY22 | 54.6 | 536.1 | 4.5 | -88.8 | 17.7% |
| FY21 | 3.8 | 320.7 | 25.4 | -164.7 | 10.9% |
| FY20 | 1.4 | 216.8 | 9.3 | -30.5 | 12.1% |
Pritika Engineering IPO SUBSCRIPTION STATUS DETAILS
Pritika Engineering had 3.2 M shares on offer
Pritika Engineering IPO offer price was ₹29
Pritika Engineering IPO minimum Investment was ₹116000
Pritika Engineering IPO issue size was ₹ 94.2 M
Pritika Engineering had a minimum lot size of 4000 Shares per application
Pritika Engineering NUMBER OF SHARES ON OFFER
Pritika Engineering IPO IMPORTANT DATES
| Issue Open Date | 25 Nov 2022 |
| Issue close Date | 30 Nov 2022 |
| Allotment Date | 05 Dec 2022 |
| Refund Date | 06 Dec 2022 |
| Demat Account Credit Date | 07 Dec 2022 |
| Listing Date | 08 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Pritika Engineering Allotment Status | Exchange |
Pritika Engineering IPO subscription opened on 25 Nov 2022, and closed on 30 Nov 2022
IPO allotment for Pritika Engineering was finalized on Monday, 05 Dec 2022
IPO listing for Pritika Engineering was on NSE on Thursday, 08 Dec 2022
Pritika Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 14.5 |
| Listing Open Price | 42.2 |
| Listing Close Price | 44.3 |
| Listing Gain% | 45.5% |
| Current Gain% | 341.4% |
Pritika Engineering 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pritika Engineering Components Ltd. | 64 | 69.6 | 23.1 | 0.8 | 1 | 13.7 | 3.2 | 162.3 | 37.9 | 7.3 | 27.3 | 2.8 | 27.3 |
| 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 |
Pritika Engineering INFORMATION ON IPO ISSUE
About Pritika Engineering
Pritika Engineering Components was incorporated on February 20, 2018. It caters to the tractor industry in the automotive sector with a major dependency on original equipment manufacturers. It is engaged in manufacturing precision machined components, primarily for the automotive industry, especially for tractors, trucks and other commercial vehicles.
Object of the Issue
- Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings
- General corporate purposes
Pritika Engineering - PROMOTERS
| Name |
|---|
| Pritika Auto Industries |
Pritika Engineering Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Pritika Engineering Registrar to the Issue
Satellite Corporate Services Private Limited
sme.ipo@satellitecorporate.com
Pritika Engineering Strengths
Quality standards
The company is focused on providing quality products and constantly strives to improve industrial processes at every step in the production chain
Experienced and professional management team
The company's qualified and professional management team provides it with a competitive advantage and enables it to function effectively and efficiently
Wide product range
The company manufactures customised products for tractors, commercial vehicles and other construction equipment, which are supplied to original equipment manufacturers directly/through group companies
Strong and experienced R&D team
With the ever-changing business scenario, new products are always in development. To cater to the customised needs of the OEMs, the group companies have a highly experienced R&D team who design various new and complicated parts as requested by the customers in the competitive timeline
Pritika Engineering Risks
Credit risk
The company extends significant credit terms to the customers and is subject to counterparty credit risk and any deterioration in such customers’ financial position and their ability to pay or the inability to extend credit in line with market practice may adversely impact the profitability
Pricing pressure
Pricing pressure from customers may adversely affect gross margin, profitability and ability to increase the prices, which may have a material adverse effect on the results of operations and financial condition
Outstanding legal proceedings
There are certain outstanding legal proceedings involving the company and any failure to defend these proceedings successfully may have an adverse effect on the financial conditions, business, reputation and result of ongoing operations
IPO FAQs
Pritika Engineering Components Ltd. IPO listing opened at Rs 42.20 while the issue price was Rs 29.00 giving 45.52% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 14.50 giving 341.38% gains since its IPO listing.
The promoter of the company is Pritika Auto Industries.
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 29.0 - 29.0.
The IPO application opens on Nov 25, 2022 and closes on Nov 30, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Dec 05, 2022.
The refund will be credited to your account on Dec 06, 2022.
The allotted shares will be credited to your demat on Dec 07, 2022.
Pritika Engineering Components Ltd.’s shares listed on the stock exchanges on Dec 08, 2022.