Pritika Engineering Components Limited IPO : Company Info. and More

Pritika Engineering Components Limited is involved in machine components manufacturing used in the automobile industry in vehicles like tractors, trucks etc. It also manufactures customised products which directly goes to the OEM (original Equipment Manufacturer). Its manufacturing unit is located in Punjab. Its client list includes Eicher, Ashok Leyland, Swaraj, Mahindra, Tafe etc.

IPO DETAILS

Pritika Engineering Components Limited IPO is set to launch on 25 Nov., 2022. The subscription timeline extends till 30 Nov., 2022. The size for the IPO is 9.42 Crore Rs.. Shares issued through fresh issues are worth 9.42 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 4000 shares and the price is 29 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs. 10 and this is a price fixed issue. The registrar for the company is Satellite Corporate Services Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	25 Nov., 2022
CLOSING DATE FOR IPO	30 Nov., 2022
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	29 Rs.
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	9.42 Crore Rs.
OFFER FOR SALE	No shares Issued
FRESH ISSUE	9.42 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	8 Dec., 2022

IMPORTANT DATES

IPO OPENING DATE	25 Nov., 2022
CLOSING DATE FOR IPO	30 Nov., 2022
IPO ALLOTMENT DATE	5 Dec., 2022
REFUNDS	6 Dec., 2022
DEMAT A/C CREDITED ON	7 Dec., 2022
IPO LISTING DATE	8 Dec., 2022

Pritika Engineering Components Limited IPO begins for subscription from 25 Nov., 2022. The IPO subscription would continue till 30 Nov., 2022. The allotment status for the shareholders who applied would come on 5 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 6 Dec., 2022. The DEMAT accounts of shareholders would be credited on 7 Dec., 2022. The listing of the company would be accompanied on 8 Dec., 2022.

Lead Managers

The lead managers are :

• GYR Capital Advisors Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to  116000 Rs.. The maximum lot size is decided at 4000 shares. This amounts to 116000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	116000 Rs.
Maximum	4000 shares	116000 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• Pritika Engineering Components Limited will be investing the money into its subsidiary Meeta Castings Limited.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	7108	5594	4134
Revenue	5740	3244	2172
PAT	546	38	13

Pritika Engineering Components Limited has an asset base of 4134 Lakh Rs in 2020. The same goes up to 5594 lakh Rs in 2021 and 7108 Lakh Rs in 2022. This is a huge growth seen in the asset base of the company for the year 2021 and 2022. The previous growth was for 1400 Lakh Rs approx and the last one was for 1500 Lakh Rs. The revenue generated by the firm was 2172 lakh Rs in 2020 which increased to 3244 Lakh Rs in 2021. This was a jump of 1000 Lakh Rs + in one year. However in 2022 the same was 5740 Lakh Rs which is 1500 Lakh plus than the previous year.

The profitability of the firm is also quite shocking. The profits in 2020 were 13 Lakh Rs and the same for 2021 were 38 Lakh Rs. In layman terms this is als a huge growth with almost 3 times jump in profits. However the same was 546 Lakh Rs in 2022. This means the company’s profits grew by 1336% in one year. This is an extreme growth in the profits of the company. Also based on the financial record of the company one may opt for investing into this SME.

PROS

• Pritika Engineering Components Limited manufactures customised products which directly goes to the OEM (original Equipment Manufacturer).
• Its manufacturing unit is located in Punjab. Its client list includes Eicher, Ashok Leyland, Swaraj, Mahindra,Tafe etc.

CONS

• The company works in a highly competitive segment.

Pritika Engineering Components Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Pritika Engineering Components Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.