Precision Metaliks IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Precision Metaliks IPO release date, IPO offer price, subscription, Precision Metaliks Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 50 |
| Listing At | NSE SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Feb 2, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2193 Lakh |
| IPO Size | Rs 2193 Lakh |
| Tick Size | 1 |
Precision Metaliks IPO is listed at a Rs 41 premium. Check out the live share price by clicking on the below link.
Precision Metaliks IPO – Summary
Their company was incorporated in the year 2012. Their Company’s Promoters are Abhishek Business Private Limited and Jayanthi Roja Ramani. Precision Metaliks SEZ Unit is situated at Visakhapatnam Special Economic Zone, Duvvada, Visakhapatnam, Andhra Pradesh – 530049.
Under this Unit, they carry out the manufacturing activities/process on Semi-finished Wheels by rendering value-added services such as cleaning, washing, buffing, polishing, testing, and packing.
The Promoter of this company is ABHISHEK BUSINESS PRIVATE LIMITED AND JAYANTHI ROJA RAMANI. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Precision Metaliks IPO Date
The opening and the closing date of Precision Metaliks IPO are Jan 19, 2022 and Jan 24, 2022, Respectively.
Precision Metaliks IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 19th Jan | 0.15x | 2.18x | 1.16x |
| 2nd Day – 18th Jan | 0.41x | 4.31x | 2.36x |
| 3rd Day – 21st Jan | 0.48x | 6.39x | 3.44x |
| 4th Day – 22nd Jan | 2.81x | 11.90x | 7.36x |
| Shares Offered or Net Issue | 2,042,000 | 2,042,000 | 4,084,000 |
The shares subscribed by the public will be updated here.
Precision Metaliks 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.
Precision Metaliks Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 28, 2022 |
| Refunds Initiation | Jan 31, 2022 |
| Credit of Shares to Demat Account | Feb 1, 2022 |
| Share Listing Date | Feb 2, 2022 |
Precision Metaliks IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Precision Metaliks IPO Size
This Initial Public Issue of 43,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.2193 Lakh.
Precision Metaliks IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 43,00,000 Equity Shares of Rs.10/ each.
Issue Size: 43,00,000 Equity Shares of Rs.10 each, aggregating to Rs.2,193 Lakh
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Precision Metaliks IPO – Live Performance
The listing date of this IPO is Feb 2, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Precision Metaliks Share Price |
Precision Metaliks IPO Grey Market Premium
The Precision Metaliks Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Precision Metaliks IPO – Company Overview
Their Company converts semifinished/raw wheels to finished wheels by carrying their value-added services such as Polishing, Buffing, Testing and Packing for their major client, Synergies Castings Limited, Visakhapatnam. The Company is also planning to offer these services to the USA market through Silver MetalX INC, USA by way of supplying finished Alloy Wheels with accessories to cater to the aftermarket.
They also provide high-end design Engineering services, Analysis, Product Development, Prototyping, Tooling Design, and various other services such as flow forming, skin cut services, etc.
They are specialized in finishing of Semi-finished Alloy Wheels. Their low-cost infrastructure and high-end precision technology enable them to provide their quality services at competitive pricing compared to some of their competitors, which helps them win the customers.
Their integrated manufacturing and engineering capabilities enable them to capitalize on the growing opportunities and emerging trends, particularly in the Automotive – Aluminium Products segment, where their focus is on multi-utility vehicles, commercial and passenger vehicles, and in their Industrial and Engineering segment, where their focus is on manufacturing.
Precision Metaliks 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 & Lakh) | ||||
| 31-Sep-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 2,022.96 | 2,147.71 | 1,367.27 | 302.59 |
| *Total Revenue | 4,813.35 | 4,924.13 | 2,217.96 | 5.28 |
| Total Expense | 4,547.73 | 4,759.53 | 2,129.61 | 4.09 |
| Profit After Tax | 214.57 | 149.35 | 82.39 | 0.46 |
Earnings per Equity Share (in Lakh)
| 31-Sep-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 1.79 | 14.42 | 18.39 | 0.92 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 149.35 Lakh, Rs. 82.39 Lakh, and Rs. 0.46 Lakh respectively.
Precision Metaliks IPO – Promoters
The Promoter of this company is:
- ABHISHEK BUSINESS PRIVATE LIMITED
- JAYANTHI ROJA RAMANI
List of Related Parties (Key Managerial Personnel)
- Jayanthi Roja Ramani, Non-Executive Chairman
- Sevvana Venkata Raman Rao, CEO & Whole Time Director
- Percy Homi Italia, Non-Executive and Independent Director
- Revoor Ramachandra, Non-Executive and Independent Director
Precision Metaliks IPO – Promoters Holding
- Pre Issue Share Holding – 79.70%
- Pos Issue Share Holding – 58.62%
Precision Metaliks IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 43,00,000 Equity Shares aggregating up to Rs.2150 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,16,000 Equity Shares aggregating up to Rs.110.16 Lakh |
| Net Issue to the Public | Up to 40,84,000 Equity Shares aggregating up to Rs.2082.84 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 20,42,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 20,42,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,19,59,066 Equity Shares |
| Equity Shares outstanding after the Issue | 1,62,59,066 Equity Shares |
Precision Metaliks IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Meeting additional Working Capital Requirements, and
- General Corporate Purpose
Precision Metaliks IPO – Business Strategy
- Innovative Solutions, Integrated Manufacturing and Engineering Capabilities
- Strengthening Customer relationships and capturing a larger share of their requirements
- Quality and quantity supply of auto components and aluminum castings by leveraging their global customer network
Precision Metaliks 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:
- Cost-effective, Precise and Automated Solutions
- Repeat Customer Orders
- Strong Professional Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 14.42 | 9.72 | 121.73 |
| 31-Mar-20 | 18.39 | 7.79 | – |
| Mar-19 | 0.92 | 7.79 | – |
Precision Metaliks IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Precision Metaliks Limited | 10 | 3.47 | 14.42 | 9.72 | 49 |
| Listed Peers | |||||
| Remsons Industries | 10 | 3.47 | 11.65 | 21.20 | 197 |
| Uni Abex Alloy | 10 | 11.60 | 54.12 | 19.24 | 106 |
| Investment & Precision | 10 | 357.26 | 0.95 | 0.64 | 105 |
Precision Metaliks IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Fax No: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in SEBI Registration No: INM000003671 Contact Person: Satish Sheth / Mala Soneji |
Precision Metaliks IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059, Maharashtra, India Tel. No.: +91 22 6263 8200 Fax. No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www. bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Babu Raphel |
Precision Metaliks IPO – Other Details
- Statutory Auditor – M/s. PPKG & Co., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Precision Metaliks IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Precision Metaliks Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Precision Metaliks IPO Review FAQs
Ques – What is the Issue Size of Precision Metaliks IPO?
Answer – The Company is making an initial public offer of 43,00,000 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.
Ques – What is the Price band of Precision Metaliks IPO?
Answer – The price band for this particular IPO ranges between Rs 51. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Precision Metaliks IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 19, 2022, while the closing date is set at Jan 24, 2022.
Ques – What is the Precision Metaliks IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 28, 2022, refund initiation is on Jan 31, 2022, credit of shares is on Feb 1, 2022, and share listing date is on Feb 2, 2022.
Ques – What is the Precision Metaliks IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Feb 2, 2022. The date, when the listing would be done, is stagnant on Feb 2, 2022.
Ques – Who is the Registrar of Precision IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Precision IPO?
Answer – Here are the promoters of this IPO – ABHISHEK BUSINESS PRIVATE LIMITED AND JAYANTHI ROJA RAMANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Precision Metaliks IPO?
Answer – 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.
Ques – Is Precision IPO good for Investment?
Answer – 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.
Ques – What is the PAT of Precision Metaliks?
Answer – 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 Lakh is 149.35, 2020 is 82.39, 2019 is 0.46.
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