December 8, 2022
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Pritika Engineering SME IPO Analysis @ Chanakyanipothi.com,
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Pritika Engineering IPO Listing Estimate:
The scrip issued at Rs. 29 is expected to get listed at Rs. 35/37.
Listed at Rs. 42.20
Pritika Engineering IPO Allotment: Click
Pritika Engineering IPO Guidance
The Company caters to the tractor industry in the automotive sector. It manufactures various Tractors & Automobile components. There has been sudden sharp rise in the turnover and profits of the year, just prior to the IPO which may be genuine, or may not be genuine. IPO size is not too large and hence looking to the current fancy towards SME IPOs, the oversubscription is expected, and also positive listing is also possible.
Pritika Engineering IPO Grey Market updates
for latest updates, Click
Pritika Engineering IPO Subscription (Closed)
# On 30 November 2022 @ 5.00 pm (Day 4)
NII: 1542000 Shares, 144.30T
RII : 1542000 Shares, 168.46T
Total: 3084000 Shares, 156.38T
Pritika Engineering Company Details
The Company caters to the tractor industry in the automotive sector with major dependency on Original Equipment Manufacturers. It Supplies its product directly to OEM and through its promoter company Pritika Auto Industries Limited and group company Pritika Industries Limited. It is engaged in the business of manufacturing of precision machined components primarily for automotive industry, especially for tractors, trucks, and other commercial vehicles, etc.
The Company manufactures various Tractors & Automobile components like End Cover, Cover Sealed Brake, Differential Case, Cover Hydraulic Lift, Cover Transcase, Front Wheel hub, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports etc.
With Vision to be First choice among Original Equipment’s Manufactures for Machined Castings & to be One of the Largest Producers of Machined Castings in India; Mission to Produce 35,000 MT of Machined Castings by Year 2025.
In FY22, it manufactured 6619 MT with an installed capacity of 12000 MT. Pritika Auto Industries Limited, having CIN L45208PB1980PLC046738 is the sole promoter of this Company.
For more information about the company, Click www.pritikaengineering.com
| Pritika Engineering IPO Details | |
| IPO opens on | 24 November 2022 |
| IPO closes on | 30 November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 3248000 Shares /Rs 9.42 Crore |
| * Fresh Issue | Rs.9.42 Cr approx. |
| * Offer for Sale | Up to Rs.0 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 29 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 1542000 | 4.47 |
| RII (50 %) | 1542000 | 4.47 |
| Total Shares | 3084000 | 8.94 |
| Retail portion will be oversubscribed by | 385 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 4000 Shares | Rs. 116000 |
| Max Retail Application | 4000 shares | Rs. 116000 |
Promoters of the IPO
Pritika Auto Industries Limited
Objects of the IPO:
The Company proposes to utilize the funds which are being raised through this Issue towards the
Investment in relation to the new unit set up by its wholly owned subsidiary, Meeta Castings Limited
| Pritika Engineering IPO Tentative timetable | |
| IPO opens on | 25 November,2022 |
| IPO Closes on | 30 November,2022 |
| IPO Allotment on | 05 December,2022 |
| Unblocking of ASBA | 06 December,2022 |
| Credit to Demat Accounts | 07 December,2022 |
| Listing on | 08 December,2022 |
| Registered Office of Pritika Engineering | |
| Plot No. C-94, Phase-VII Industrial Focal Point, S.A.S Nagar, Mohali, Punjab 160055. |
|
| Pritika Engineering IPO Lead Managers | |
| GYR Capital Advisors Pvt ltd | |
| Registrar to Pritika Engineering IPO | |
| SATELLITE Corporate Services |
| Amiable Logistics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 21.72 | 0.14 | 0.27 | 2.55 |
| 2020-21 | 32.44 | 0.38 | 0.60 | 3.02 |
| 2021-22 | 57.40 | 5.46 | 7.15 | 33.0 |
| Book Value of the Share on | 31.03.2022 | Rs.22 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 29 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 5.29 |
| Upper offer price/Book Value Ratio | 1.38 |
| Upper offer price/BV after IPO Ratio | |
| Amiable Logistics IPO Peer Comparison | |||
| As on date of DRHP | Total | Net | PE |
| Rs. in Cr. | Income | Profit | Ratio of |
| Rs. | Rs | ||
| The IPO Company | 0 | 0 | 20.25 |
| Timescan Logistics | 0 | 0 | 11.39 |
| Tiger Logistics (India) | 7.65 | ||
| Ritco Logistics | 29.29 | ||
| Allcargo Logistics | 28.71 | ||
| Shree Vasu Logistics | 29.18 | ||
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