Precision Metaliks Limited IPO (Precision Metaliks IPO) Detail

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

  1. 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.
  2. Automated cleaning of Aluminium chips + briquetting into Ingots.
  3. Robotic polishing of alloy wheels i.e. robotic grinding, buffing, automatic media polishing, and 3D polishing.
  4. Other Engineering services i.e. high-end design engineering, product development, prototyping, tooling design, etc.

Competitive strengths

  • Specialized in finishing semi-finished alloy wheels.
  • Low-cost infrastructure and high-end technology.
  • Strong customer relationship.
  • Professional and experienced management team.

Company Promoters:

Abhishek Business Pvt Ltd and Jayanthi Roja Ramani are the company promoters./p>

Company Financials:

ParticularsFor the year/period ended (₹ in Lakhs)
Total Assets2,022.962,147.711,367.27302.59
Total Revenue4,813.354,924.132,217.965.28
Profit After Tax214.57149.3582.390.46

Objects of the Issue:

  1. Meet additional working capital requirements.
  2. General corporate purposes.

Precision Metaliks IPO Details

IPO Opening DateJan 19, 2022
IPO Closing DateJan 24, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹51 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size4,300,000 Eq Shares of ₹10
(aggregating up to ₹21.93 Cr)

Precision Metaliks IPO Tentative Timetable

The Precision Metaliks IPO open date is Jan 19, 2022, and the close date is Jan 24, 2022. The issue may list on Feb 2, 2022.

IPO Open DateJan 19, 2022
IPO Close DateJan 24, 2022
Basis of Allotment DateJan 28, 2022
Initiation of RefundsJan 31, 2022
Credit of Shares to Demat AccountFeb 1, 2022
IPO Listing DateFeb 2, 2022

Precision Metaliks IPO Lot Size

The Precision Metaliks IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

ApplicationLotsSharesAmount (Cut-off)

Precision Metaliks IPO Promoter Holding

Pre Issue Share Holding79.70%
Post Issue Share Holding58.62%

Company Contact Information

Precision Metaliks Limited
6-3-855/10/A, Flat No. 4A, Sampathji Apartments
Saadat Manzil, Ameerpet,
Phone: 91 891 4884132

Precision Metaliks IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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