Pritika Engineering Components Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Nov 2022

Close Date

30 Nov 2022

Allotment

05 Dec 2022

Listing Date

08 Dec 2022

Exchange

NSE SME

Price Band

₹29

Listing Price

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Allotment Status

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Price Band

₹29

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

32,48,000 shares (aggregating up to ₹9.42 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹116,000

1 lot

Pre-IPO Holding

76,34,515 shares

Promoters

Post-IPO Holding

1,08,82,515 shares

Promoters

P/E (Pre)

8.76x

UPI Deadline

2022-11-30

Mandate

Anchor AllotmentThu, 24 Nov 2022

Basis of AllotmentMon, 05 Dec 2022

Refund InitiationTue, 06 Dec 2022

Demat CreditWed, 07 Dec 2022

Listing DayThu, 08 Dec 2022

UPI Mandate Deadline2022-11-30

Sale TypeFresh Capital

Net Offer to Public30,84,000 shares (aggregating up to ₹8.94 Cr)

Market Maker Quota1,64,000 shares (aggregating up to ₹0.4756 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Pritika Engineering Components Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Nov 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	164,000	—	₹0.48
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,248,000	100%	₹9.42

IPO Shares Offered

Pritika Engineering Components Ltd. IPO total issue size: ₹9.42 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	164,000	₹0.48	5.05%
Total	3,248,000	₹9.42	100.00%

* Based on upper price band ₹29 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹29.00

Upper Band

Min Investment

₹116,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹232,000
Retail (Max — 13 Lots)	13	52,000	₹1,508,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,624,000
B-HNI (Min — 68 Lots)	68	272,000	₹7,888,000

* Issue Price ₹29 × Lot Size 4,000 shares

IPO Schedule

Anchor

24 Nov 2022

✓ Done

IPO Open

25 Nov 2022

✓ Done

IPO Close

30 Nov 2022

✓ Done

Allotment

05 Dec 2022

✓ Done

Refunds

06 Dec 2022

✓ Done

Demat Credit

07 Dec 2022

✓ Done

Listing Day

08 Dec 2022

✓ Done

₹29.00

INR · NSE

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Issue ₹29.00 Live Price

About Pritika Engineering Components Ltd.

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.

Objects of the Issue

1 Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL)

2 General Corporate purposes

Pritika Engineering Components Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹5,739.6

31-Mar-22

₹3,244.4

31-Mar-21

₹2,172.4

31-Mar-20

Profit After Tax (PAT)

₹546.2

31-Mar-22

₹38.2

31-Mar-21

₹13.8

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	2172.40	3244.36	5739.58
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	13.75	38.18	546.17
Net Worth	538.80	1262.13	1652.62
Total Assets	4134.38	5594.29	7107.36
Reserves & Surplus	N/A	N/A	N/A
Borrowings	2023.00	2196.71	2507.67
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered32,48,000 (100.00%)

Net Offer to Public30,84,000 shares (aggregating up to ₹8.94 Cr)

Reserved for Market Maker1,64,000 shares (aggregating up to ₹0.4756 Cr)

Pre-Issue Promoter Holding76,34,515 shares

Post-Issue Promoter Holding1,08,82,515 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

pritikaengineering.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

GYR Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Pritika Engineering Components Ltd. IPO subscribed? ▲

Pritika Engineering Components Ltd. IPO is subscribed 1.00 times by Nov 30, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Pritika Engineering Components Ltd. IPO retail subscription status? ▼

The Pritika Engineering Components Ltd. IPO retail category is subscribed 1.00 times as of 30 Nov 2022. The retail portion is oversubscribed.

How to subscribe Pritika Engineering Components Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Nov 2022 and closes 30 Nov 2022. Min investment: ₹116,000 (1 lot = 4,000 shares). UPI mandate: 2022-11-30.

How many times Pritika Engineering Components Ltd. IPO subscribed? ▼

The Pritika Engineering Components Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Pritika Engineering Components Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Dec 2022. Refunds: on 06 Dec 2022.

When Pritika Engineering Components Ltd. IPO will be listed? ▼

The Pritika Engineering Components Ltd. IPO listing date is 08 Dec 2022, Thursday. Listed on: NSE SME. Issue price: ₹29. Estimated listing: ₹29. GMP: NIL.

When Pritika Engineering Components Ltd. IPO close? ▼

The Pritika Engineering Components Ltd. IPO closes on 30 Nov 2022, Wednesday. UPI mandate: 2022-11-30. Allotment: 05 Dec 2022. Listing: 08 Dec 2022.

Quick Actions

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Live Price LIVE

Last Price₹29.00

Change—

Issue Price₹29.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹29

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹116,000

GMPNIL

Est. Listing₹29

Subscribed1.00x

Open Date25 Nov 2022

Close Date30 Nov 2022

Allotment05 Dec 2022

Listing Date08 Dec 2022

ExchangeNSE SME

UPI Deadline2022-11-30