Poojawestern Metaliks IPO is about to debut on 22 September 2017, with an issue size of 5.48CR. Established in 2016, Poojawestern Metaliks Ltd is a manufacturer of Brass and Brass Equipment catering to global markets. The company offers a diverse range of products including brass billets, ingots, bars, plumbing fittings, inserts, and adapters for CPVC and PPR pipes, all of which are marketed under the brand name “P-“. Poojawestern Metaliks Ltd is well-regarded in Arab and Gulf markets for its brass products.
Poojawestern Metaliks Ltd’s commitment to quality and customer satisfaction has established it as a reputable player in the global brass industry. The company’s strategic location, efficient production processes, and reliable supply chain make it a preferred supplier for customers in the Arab and Gulf markets.
Industry Overview
The metal industry is a crucial sector of the Indian economy and plays a significant role in its overall industrial growth. The industry encompasses a wide range of metal products, including iron and steel, aluminum, copper, brass, and alloys. India’s metal industry is primarily focused on meeting domestic demand, but it also exports to various countries worldwide. The industry employs millions of people across the country and contributes significantly to India’s GDP.
In recent years, the Indian metal industry has experienced steady growth due to various factors, including rising demand for metal products in both domestic and international markets, increasing infrastructure development projects, and government initiatives to promote the sector’s growth. The industry has also undergone significant modernization and technological advancements, leading to increased productivity and efficiency. Despite facing some challenges, such as fluctuating global metal prices and environmental concerns, the Indian metal industry is expected to continue its growth trajectory in the years to come.
Poojawestern Metaliks IPO Details
| IPO Date | Sep 22, 2017 to Sep 26, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,521,000 shares(aggregating up to ₹5.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 391.8 | 449.2 | 1,517.6 | 1,492.4 | 270.5 | |
| Total expenses | 396.0 | 450.5 | 1,503.4 | 1,474.4 | 253.0 | |
| Profit after tax | 9.8 | -0.9 | 9.8 | 11.9 | 12.1 |
Objects of the Issue
The object of the issue are:
1. Working capital requirements
2. General corporate purpose
Poojawestern Metaliks IPO Prospectus
Company Contact Information
Poojawestern Metaliks Ltd
Plot No.1 Phase II,
GIDC Dared,
Jamnagar – 361004
Phone: +91-288-2730088
Email: info@poojametal.com
Website: http://www.poojametal.com
Poojawestern Metaliks IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Poojawestern Metaliks IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
