Maini Precision Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Interested in the Maini Precision Products IPO. Here’s all that you should know. In this composition, we will have an In-depth discussion in respect of one of India’s major precision component exporters, Maini Precision Products.
We will be talking about the IPO dates, price, share offering, size of the IPO, its Grey market premium, subscription status, allotment status.
Further, we will provide information about the background of the company, its product and services, promoters and their respective holdings, the financial statements of the company and in-depth all other details.
| Face Value | Rs 2 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.150 Crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Maini Precision Products IPO Overview
Maini Precision Products headquartered in Bengaluru is making preparations to garner funds from the general public with the proposed IPO of Rs. 900 crores.
The issue consists of a Fresh Issue of equity shares worth Rs. 150 crores and an Offer for Sale of 2,54,81,705 equity shares.
The objects of the approaching IPO as stated in the DRHP and are to repay in full or in part the outstanding debts and for executing other general corporate purposes.
Maini Precision Products IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
The IPO Dates are not determined yet.
The company is preparing in full swing to launch the IPO and in pursuance of the same, has recently filed the preliminary papers with the capital market regulator SEBI in order to seek its approval.
Once the DRHP is approved by SEBI, the IPO date will also be revealed in no time.
Maini Precision Products IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.150 Crore |
| IPO Size | Not Disclosed |
The face value of the shares to be offered in the this IPO is Rs. 2 each.
Maini Precision Products IPO Price and Maini Precision Products IPO Size will be determined by the company in consultation with BRLMs of the issue after taking into consideration all the qualitative and quantitative factors.
Once the RHP is filed with the regulatory bodies, the date and price band of the IPO will be finalized and disclosed to the public.
Maini Precision Products IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Maini Precision Products IPO GMP The unofficial market plays an inevitable job in estimating the listing price of the shares. The Grey Market becomes active in respect of the concerning IPO as soon as the IPO date is approaching.
Grey market is an unofficial market but it is not illegal.
The traders do not usually undertake a contract for the purchase or sale. It takes place before the official trading begins. The investors rely very much on the activities and trading that occur in the grey market.
Maini Precision Products IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
Subscription is the period where the interested investors can place their bids for the allotment of shares of the concerning entity.
In case of Maini Precision Products IPO Subscription, there is no information available for now because the IPO has not been launched for the general public.
The lead manager to the issue is ICICI Securities Limited and IIFL Securities Limited The details in respect of the price band and subscription will be made available in a short time.
Maini Precision Products IPO Allotment Status
The basis of allotment for the this IPO will be declared after the IPO is live for the bids. The demand by the investors will be the credible factor to decide the allotment.
Maini Precision Products IPO Allotment will be updated here soon. The Registrar to this issue is Link Intime India Private Limited.
Maini Precision Products IPO Live Performance
Check out the Live Performance of the live IPO by clicking on the link given below. Maini Precision Products IPO Share Price
Subscribe to Maini Precision Products IPO – Open Free Demat Account Now!
Maini Precision Products – Company Review
Maini Precision Products is an integral part of the Maini Group. The company was incorporated in the year 1973.
The company’s operations include testing, manufacturing, process design and engineering. It is one of the largest exporters in the industry.
The company caters to diverse needs with its extensive product portfolio of over 126 products and serves some of the deep-pocketed aerospace and automotive sector entities.
Its operations extend globally making it preferred suppliers for many.
As for the year 2021, the top five products of the company were heavy-duty engine parts, machined and ground shafts, GDI pump body, bearing housings and supplier PF pumps.
And the contributed of the respective products ranged from 4.79% to 11.69%.
Products or Services
The company basically serves its objectives under the two broad product lines, namely – aerospace and automotive.
Under the aerospace sector, it manufactures precision products for entities operating aerospace sector and defense.
And in the automotive sector, with this ever enhancing capacity and capability, it undertakes precision product manufacturing for fuel injections, agriculture and legacy automotive, clean internal combustion engines, hydraulics and industrial.
Along with their capability of manufacturing and finishing processes, they undertake critical assembling and other incidental or ancillary activities to provide an end-to-end solution to their customers.
They have a strong customer base of 50 which includes entities like Bosch Limited, Volvo Group India Private Limited, Marelli Powertrain India Private Limited, one power tool company, Eaton Industries Ireland Limited, Danfoss, Safran Aircraft Engine and Non–Executive so on.
Promoters and Holding
The Promoter of Maini Precision Products are:
- Sandeep Kumar Maini
- Gautam Maini
- Chetan Kumar Maini
.The management of the company comprises of:
- Kewal Krishan Nohria holds the position of Chairman and Independent Director
- Gautam Maini holds the position of Managing Director
- Sandeep Kumar Maini holds the position of Non – Executive Director
- V Sridhar holds the position of Wholetime and CFO
- Siddharth Deepak Parekh holds the position of Non–Executive its Executive Director
- Niten Lalpuria holds the position of Non–Executive Director
Is Maini Precision Products good for Investment?
Maini Precision Products set up in 1973 has been operating successfully ever since. Its customer base includes both domestic and international entities. Their operations are spread over the globe as a preferred supplier.
The entity thoroughly believes in the Zero Philosophy.
The philosophy mainly emphasize Zero Wastage, Zero Delays, Zero Compromises, Zero Defects and Zero Pollution. The company works in a harmonized environment and aims at serving with their best products to its customers.
Maini Precision Products Financial Statements
| Amount (in INR & Million) | |||||
| 30-Jun-21 | 30-Jun-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 6,874.37 | 6,155.79 | 6,680.91 | 6,803.53 | 6,708.44 |
| Revenue | 1,378.79 | 603.83 | 4,368.04 | 5,841.20 | 5,737.32 |
| Expense | 1,395.19 | 800.70 | 4,865.16 | 6,076.29 | 5,807.88 |
| Profit After Tax | (27.73) | (149.93) | (468.81) | (226.47) | (183.57) |
The financial statement of the company does not reflect a very impressive image of the company. The company has been incurring year-on-year losses. Though, there revenues are slightly expanding with each year, but it doesn’t to be making a positive impact on the profits.
The company’s EPS is also not an ideal one. The EPS for the financial year 2021 was (11.35).
One of the major objectives to be attained with the upcoming IPO is to make payments towards the outstanding debts.
| Earnings per Equity Share (in Million) | |||||
| 30-Jun-21 | 30-Jun-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (3.36) | (18.14) | (56.74) | (27.41) | (22.22) |
Maini Precision Products IPO Review
The company has been in operations for decades and is serving its offerings to big-budgeted corporations. The product portfolio of the company is also immensely wide.
With the approaching IPO, some of the existing shareholders are offloading their stakes from the company.
The company in the year they are indulged into operations which includes huge investment and the projects are usually undertaken at a large scale.
The company is incurring losses for the past few years, but is attempting to maintain its goodwill in the market.
Maini Precision Products IPO Details
Here are a few more details you need to know before investing in this IPO –
Maini Precision Products IPO Issue Object
Maini Precision Products has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment/prepayment, in part or full, of all or certain borrowings of our Company; and
- General corporate purposes
Maini Precision Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Advanced manufacturing processes, engineering expertise and quality assurance;
- Strategic supplier with a diversified business and product portfolio;
- Diversified customer base with long-term relationships and customer stickiness;
- Global delivery model, with “end-to-end” capabilities;
- Robust technological, innovation and R&D capabilities in an industry with high barriers to entry, enabling us to seamlessly harness emerging trends; and
- Strong parentage, and skilled, experienced and qualified workforce and senior management
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (11.35) | 56.84 | – |
| 31-Mar-20 | (5.48) | 65.78 | – |
| Mar-19 | (4.44) | 168.00 | – |
Maini Precision Products IPO Lead Managers
Here are the list of Lead managers –
- ICICI Securities Limited
- IIFL Securities Limited
Maini Precision Products IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: mainiprecision.ipo@linkintime.co.in
Investor grievance E-mail: mainiprecision.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Maini Precision Products IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates, LLP
- Legal Counsel to the Company – Trilegal
- Bankers to the Company – NA
Maini Precision Products IPO – Conclusion
To sum up, Maini Precision Products might turn out as a good investment if held for a long duration. In the short term, it might not be able to give good profits or value.
To Subscribe to Maini Precision Products IPO – Open Demat Account Now!
Maini Precision Products IPO Review FAQs
Check out the FAQs on Maini Precision Products IPO –
What is the Issue Size of Maini Precision Products IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Maini Precision Products IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Maini Precision Products IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Maini Precision Products IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Maini Precision Products IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Maini Precision Products IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Maini Precision Products IPO?
Here are the promoters of this IPO – SANDEEP KUMAR MAINI, GAUTAM MAINI AND CHETAN KUMAR MAINI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Maini Precision Products IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Maini Precision Products IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Maini Precision Products Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 6,680.91, 2020 is 6,803.53, 2019 is 6,708.44. PAT from June 2021 is 6,874.37.
Featured Topics