Let’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 ValueRs 10
Cash Price Rs 50
Listing AtNSE Emerge
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 2150 Lakh
Tick Size1

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


Precision Metaliks IPO – Summary

Precision Metaliks IPOTheir 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 not available yet.


Precision Metaliks 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.


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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Precision Metaliks IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.50


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.50  per equity share aggregating to Rs.2150 Lakh.


Precision Metaliks IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 43,00,000 Equity Shares of Rs.10 each, aggregating to Rs.2150 Lakh


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    Precision Metaliks 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 – 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-Mar-2131-Mar-20Mar-19
    Total Assets2,147.711,367.27302.59
    *Total Revenue4,924.132,217.965.28
    Total Expense4,759.532,129.614.09
    Profit After Tax149.3582.390.46

    Earnings per Equity Share (in Lakh)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted14.4218.390.92

     

    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:

    1. ABHISHEK BUSINESS PRIVATE LIMITED
    2. 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 – %
    • Pos Issue Share Holding – %

    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 MakersUp to 43,00,000 Equity Shares aggregating up to Rs.108 Lakh
    Net Issue to the PublicUp to 43,00,000 Equity Shares aggregating up to Rs.2042 Lakh
    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 Issue1,19,59,066 Equity Shares
     Equity Shares outstanding after the Issue1,62,59,066 Equity Shares

    Precision Metaliks IPO Issue Object

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

    1. Meeting additional Working Capital Requirements, and
    2. 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 EPSRONW (%)NAV (Rs.)
    31-Mar-2114.429.72121.73
    31-Mar-2018.397.79
    Mar-190.927.79

    Precision Metaliks IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
    Precision Metaliks Limited103.4714.429.7249
    Listed Peers
    Remsons Industries103.4711.6521.20197
    Uni Abex Alloy1011.6054.1219.24106
    Investment & Precision10357.260.950.64105

    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 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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      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 50. 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 NA, while the closing date is set at NA.

      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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Precision Metaliks IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      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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