Pritika Engineering Components 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.
Pritika Engineering Components Private Limited’s manufacturing unit is located in Punjab. The company’s clients include Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj, among others.
Pritika Engineering IPO – Details
| IPO Opening Date | 25 November 2022 |
| IPO Closing Date | 30 November 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹9.42 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹29 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Pritika Engineering IPO – Date Schedule
| IPO Open Date | 25 November 2022 |
| IPO Close Date | 30 November 2022 |
| Basis of Allotment Date | 05 December 2022 |
| Initiation of Refunds | 06 December 2022 |
| Credit of Shares to Demat Account | 07 December 2022 |
| IPO Listing Date | 08 December 2022 |
Pritika Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 4000 | 1,16,000 |
| Maximum | 1 | 4000 | 1,16,000 |
Competitive Strengths
- Experienced Management team having domain knowledge to scale up and expand into new opportunities;
- Wide product portfolio addressing the needs of varied customers across the industry;
- Dedicated technical & functional team to provide solutions to their customers;
- Extensive Sales and distribution network;
- Experience of handling large & complex projects;
- Multi-year relationships with most customers;
- Improving operational efficiency.
Company Promoters
- Pritika Auto Industries Limited
Object Of The Issue
- Investment in relation to the new unit set up by our wholly owned subsidiary, Meeta Castings Limited (MCL);
- General Corporate Purposes.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 21.72 | 21.57 | 0.13 |
| 31 March 2021 | 32.44 | 31.86 | 0.38 |
| 31 March 2022 | 57.39 | 51.52 | 5.46 |
Pritika Engineering IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Pritika Engineering IPO Prospectus
Company Contact Information
| Pritika Engineering Components Limited Plot No. C-94, Phase-VII Industrial Focal Point, S.A.S Nagar, Mohali, Punjab160055. Phone: +91 9878723399 Email: compliance.pecl@pritikagroup.com Website: www.pritikaengineering.com |
Pritika Engineering IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: pritikaengineering.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Pritika Engineering IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Pritika Engineering IPO FAQs
| What is Pritika Engineering IPO? Pritika Engineering IPO is a SME IPO. The issue is priced at ₹29 per equity share. The IPO is to be listed on NSE SME. |
| When Pritika Engineering IPO will open? The IPO is to open on 25 November 2022 for NII and Retail Investors. |
| What is Pritika Engineering IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Pritika Engineering IPO? You can apply Pritika Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Pritika Engineering IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Pritika Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Pritika Engineering IPO Size? Pritika Engineering IPO size is ₹9.42 crores. |
| What is Pritika Engineering IPO Price Band? Pritika Engineering IPO Price Band is ₹29. |
| What is Pritika Engineering IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,16,000 amount while the maximum bid is 4000 shares with ₹1,16,000. |
| What is the Pritika Engineering IPO Allotment Date? Pritika Engineering IPO allotment date is 05 December 2022. |
| What is the Pritika Engineering IPO Listing Date? Pritika Engineering IPO listing date is 08 December 2022. The IPO is to list on NSE SME. |
