Maini Precision Products IPO has received Sebi nod and the company is preparing for announcement of price band, lot, exact dates.
Maini Precision Products Company Details
Maini Precision is an end-to-end solutions provider engaged in process design, engineering, manufacturing, testing, and supply of a variety of precision products and assemblies. It is 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 end of line testing, export packing and warehousing, which helps it provide end-to-end solutions for our customer requirements.
As per CRISIL, it is among the leading precision components exporters from India in terms of contribution to overall revenues. Out of its revenue from operations, 65.26%, 71.99%, 66.23%, 73.51%, and 70.41% was attributable to a group of foreign countries for the purpose of export of products
in Fiscal 2019, Fiscal 2020, Fiscal 2021, the three months period ended June 30, 2020 and the three months period ended June 30, 2021. As of June 30, 2021, it exported its products to 27 countries.
It has a diverse portfolio of over 126 product families, and more than 50 customers as of June 30, 2021, which positions it as a strategic and preferred supplier.
Maini Precision has a diversified business, wherein its products are classified into two business,
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.
Its 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 its revenue from sale of goods and services. Its products are used across various industries such as aerospace, defense, automotive Clean Powertrain, power tools, material handling, hydraulic, marine, locomotive, and electronics.
It has developed and manufactured over 126 product families as of June 30, 2021, harnessing its R&D capabilities, which demonstrates its capability as an emerging solutions provider for a diverse range of products. The company has 11 manufacturing facilities, which are located in Bangalore, India. For more information, click www.mainiprecisionproducts.com
The Promoters of Maini Precision Products
Sandeep Kumar Maini, Gautam Maini & Chetan Kumar Maini
Maini Precision Products IPO Main Objects
The Offer comprises the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Net Proceeds are proposed to be utilised towards Repayment / prepayment, in part or full, of all or certain borrowings of the Company
Maini Precision Products IPO Details
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs (?) Crore
* Fresh Issue of (?) Sh/ Rs.150 Cr
* Offer for Sale Up to 25,481,705 Sh/ Rs. ?Cr
Face Value per share : Rs. 2
Maini Precision Products Listing will at BSE,NSE
Maini Precision Products IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs ( 4.38 )
Earnings per Share 2020-21,Rs ( 11.35)
Earnings per Share 2021-22 3M Rs (0.67)
Book Value of the Share as on 30.6.2021 Rs ( 6.22)
Return on Net Worth: 19-20 65.78 %
Return on Net Worth: 20-21: 56.84 %
Return on Net Worth: 20-21 3M : 3.28 %
Equity Shares prior to the IPO : 41,314,855 Shares
Equity Shares after the IPO : (?) Shares
Maini Precision Products IPO Peer Comparison:
Sona BLW @ PE Multiple of 185.93
Bharat Forge @ PE Multiple of N.A.
Lakshmi Machine @ PE Multiple of 211.29 1
MTAR Technologies @ PE Multiple of 99.88
Sansera Engineering @ PE Multiple of 38.53
Maini Precision Products IPO Lead Managers
ICICI Securities,IIFL financial Services,
Registrar to Maini Precision Products IPO
Linkintime India Pvt Ltd.
Registered Office of Maini Precision Products
B-165, 3rd Cross, 1st Stage, Peenya Industrial Estate, Bengaluru 560 058
Company Secretary & Compliance Officer : Vijayesh Rajendran