Precision Metaliks IPO is all about to make its debut on 9th jan with 21.93 cr Precision Metaliks is engaged in trading and manufacturing Aluminum Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing.
Precision metaliks IPO – overview
| IPO Dates | 9-24 Jan 2022 |
| IPO Price | INR 10 per share |
| Fresh issue | 4,300,000 shares (INR 21.93 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,300,000 shares (INR 21.93 crore) |
| Minimum bid (lot size) | 10000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Precision metaliks IPO – Tentative Dates
| IPO Offer Opening Date | 19 Jan 2022 |
| IPO Closing Date | 24 Jan 2022 |
| Finalization of Basis of Allotment | 28 Jan 2022 |
| Initiation of refunds | 31 Jan 2022 |
| Transfer of shares to demat accounts | 01 Feb 2022 |
| IPO Listing Date | 01 Feb 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2012, Precision Metaliks is engaged in trading and manufacturing Aluminium Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing. Its manufacturing unit is situated at Visakhapatnam SEZ, Duvada, Visakhapatnam, Andhra Pradesh.
Key Products & Services
- Value-added services on Alloy wheels for a major client, Synergies Casting Ltd (SCL). It is also planning to supply finished Alloy Wheels with accessories to the USA market through Silver MetalX INC, USA.
- Automated cleaning of Aluminium chips + briquetting into Ingots.
- Robotic polishing of alloy wheels i.e. robotic grinding, buffing, automatic media polishing, and 3D polishing.
- Other Engineering services i.e. high-end design engineering, product development, prototyping, tooling design, etc.
Industry Overview
India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh-largest manufacturer of commercial vehicles in 2019. The two-wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. India is also a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India and major automobile players in the Indian market are expected to make India a leader in the two-wheeler and four-wheeler market in the world by 2020.
Strengths:
- Specialized in finishing semi-finished alloy wheels.
- Low-cost infrastructure and high-end technology.
- Strong customer relationship.
- Professional and experienced management team.
Objectives of the issue
- Meet additional working capital requirements.
- General corporate purposes.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 2,147.71 | 1,367.27 | 302.59 |
| Total Revenue | 4,924.13 | 2,217.96 | 5.28 |
| Profit After Tax | 149.35 | 82.39 | 0.46 |
Company Contact Information
Precision Metaliks Limited
6-3-855/10/A, Flat No. 4A, Sampathji Apartments
Saadat Manzil, Ameerpet,
Hyderabad-500016
Phone: 91 891 4884132
Email: cs@precision-metaliks.com
Website: http://www.precision-metaliks.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
