Pritika Engineering Components Limited
Start Date25-11-2022
Application Timing10am-5pm
Price Range₹29 - ₹29
Min Qty4000
Min. Investment₹116000
Listing DateNA
Close Date30-11-2022

About Pritika Engineering Components Limited

Pritika Engineering Components Private Limited caters to the tractor industry in the automotive sector with major dependency on Original Equipment Manufacturers. 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.

he company 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.

In FY22, the company manufactured 6619 MT with an installed capacity of 12000 MT. It aims to 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.

The company was previously listed on Calcutta Stock Exchange and the same was directly listed on the Bombay stock exchange dated October 01, 2015. The company intended to get directly listed on the National Stock Exchange of India Limited through Direct Listing, and received its listing approval dated August 10, 2021.

Why To Invest in Pritika Engineering Components Limited

Pritika Engineering Components IPO opens on Nov 25, 2022, and closes on Nov 30, 2022. The issue consists of issuance of 32,48,000 Equity Shares at Rs. 29 aggregating to Rs. 9.42 crores. The lot size is fixed at 4000. The shares will be allotted on 5th December while the issue will be allotted on 8th December. The company is promoted by Pritika Auto Industries Limited.

Strengths And Risks
: Quality standards
: Wide product range and product segments
: Legacy Business Process & Management
: Changes in laws and regulations relating to the sectors/areas in which it operates
: Inability to identify the new premises may adversely affect the operations, finances and profitability of the Company
: Uncertainty regarding the market, land prices, economic conditions and other factors beyond its control
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