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Let’s have a detailed review of the company and analytics of the Maini Precision Products IPO release date, IPO offer price, subscription, Maini Precision Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 2
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 1500 Million
IPO SizeRs Million
Tick Size1

Maini Precision Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Maini Precision Products IPO – Summary

Maini Precision Products IPOThey are an end-to-end solutions provider engaged in process design, engineering, manufacturing, testing, and supply of a variety of precision products and assemblies.

They are capable of diverse and critical manufacturing and finishing processes, including machined castings, die castings, machined forgings, bar route machining, plate machining, surface treatment, heat treatment, critical assembly, as well as ancillary activities such as the end of line testing, export packing, and warehousing, which helps them provide end-to-end solutions for their customer requirements. As per CRISIL, they are among the leading precision components exporters from India in terms of contribution to overall revenues.

The Promoter of this company is SANDEEP KUMAR MAINI, GAUTAM MAINI, AND CHETAN KUMAR MAINI. The lead manager to the issue is ICICI Securities Limited and IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.


Maini Precision Products IPO Date

The opening and the closing date of Maini Precision Products IPO are not available yet.

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Maini Precision Products IPO GMP
Allotment – Maini Precision Products IPO

Maini Precision Products IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Maini Precision Products IPO LIVE Subscription

  • Maini Precision IPO LIVE Bid details on BSE
  • Maini Precision IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Maini Precision Products IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Maini Precision IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Maini Precision Products IPO Price

The face value of each share is Rs.2, but the price band of the IPO is Rs.[●] 


Maini Precision IPO Size

This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Maini Precision Products IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.

Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.[●] Million


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    Maini Precision Products IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Maini Precision Products Share Price

    Maini Precision IPO Grey Market Premium

    The Maini Precision Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Maini Precision Products IPO – Company Overview

    They had a diverse portfolio of over 126 product families, and more than 50 customers as of June 30, 2021, which positions them as a strategic and preferred supplier.

    They have a diversified business, wherein their products are classified into two businesses, being (a) aerospace, which comprises precision products manufactured for aerospace and defense, and (b) automotive and industrial, which comprises precision products manufactured for clean internal combustion engines, fuel injections and transmissions (internal combustion engines, fuel injections, and transmissions collectively referred to as “Clean Powertrain”), hydraulics and industrial, agriculture and legacy automotive.

    Maini Precision Products top five products for Fiscal 2021 were machined and ground shafts, PF pumps, bearing housings, heavy-duty engine parts, and the GDI pump body which contributed 11.69%, 7.82%, 6.14%, 5.76%, and 4.79% to their revenue from the sale of goods and services.

    Their diverse capabilities allow them to service customers globally. Their products are used across various industries such as aerospace, defense, automotive Clean Powertrain, power tools, material handling, hydraulic, marine, locomotive, and electronics.


    Maini Precision Products IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Jun-2130-Jun-20Mar-2131-Mar-2031-Mar-19
    Total Assets6,874.376,155.796,680.916,803.536,708.44
    *Total Revenue1,378.79603.834,368.045,841.205,737.32
    Total Expense1,395.19800.704,865.166,076.295,807.88
    Profit After Tax(27.73)(149.93)(468.81)(226.47)(183.57)

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-2131-Mar-2031-Mar-19
    Basic & Diluted(3.36)(18.14)(56.74)(27.41)(22.22)

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (468.81) Million, Rs. (226.47) Million and Rs. (183.57) Million respectively.


    Maini Precision Products IPO – Promoters

    The Promoter of this company is:

    1. SANDEEP KUMAR MAINI,
    2. GAUTAM MAINI
    3. CHETAN KUMAR MAINI

    List of Related Parties (Key Managerial Personnel)

    • Kewal Krishan Nohria, Chairman, and Independent Director
    • Gautam Maini, Managing Director
    • Sandeep Kumar Maini, Non – Executive Director
    • V Sridhar, Wholetime and CFO
    • Siddharth Deepak Parekh, Non – Executive Director
    • Niten Lalpuria, Non – Executive Director

    Maini Precision Products IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Maini Precision IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue41,314,855 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Maini Precision Products IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment/prepayment, in part or full, of all or certain borrowings of their Company; and
    2. General corporate purposes

    Maini Precision Products – Business Strategy

    • Utilize their expertise to manufacture diverse products and expand into products for new and emerging trends
    • Increase focus on global markets, and increase market and wallet share by leveraging their long-standing relationships
    • Localization and import substitution of manufacture of critical high precision components
    • Focus on market opportunities in the growing electric vehicles and aircraft’s industry

    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 them to seamlessly harness emerging trends; and
    •  Strong parentage, and skilled, experienced, and qualified workforce and senior management

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-21(11.35)56.84(6.22)
    31-Mar-20(5.48)65.78
    Mar-19(4.44)168.00

    Maini Precision IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Maini Precision Products Limited2[●](11.35)NA4,368.04
    Listed Peers
    Sona BLW Precision Forgings Limited10185.933.7616.5015,686.41
    Bharat Forge Limited2NA-2.71-2.3365,051.59
    Lakshmi Machine Works Limited10211.2941.752.5118,061.02
    MTAR Technologies Limited 1099.8816.999.662,477.42
    Sansera Engineering Limited238.5321.0212.3615,723.64

    Maini Precision Products IPO Lead Managers

    Lead Managers

    ICICI Securities Limited

    IIFL Securities Limited

    Maini Precision IPO Registrar to offer

    Registrar to the Offer
    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 IPO – Other Details

    • Statutory Auditor – S. R. Batliboi & Associates LLP, Chartered Accountants
    • Legal Counsel to the Company – Trilegal
    • Bankers to the Company –  NA


    Maini Precision Products IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Maini Precision Products Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Maini Precision Products IPO Review FAQs

      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.2 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 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 – NA. 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 SANDEEP KUMAR MAINI, GAUTAM MAINI, AND CHETAN KUMAR MAINI. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Maini Precision 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?

      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 (468.81), 2020 is (226.47), 2019 is (183.57). PAT from June 2021 is (27.73).


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