Pritika Engineering Components IPO
PE

Pritika Engineering Components IPO

Pritika Engineering Components Limited

₹1,16,000/ 4000 shares

Minimum investment

Pritika Engineering Components IPO Details

Bidding date

25 Nov - 30 Nov 2022

Price range

Minimum quantity

4,000

Minimum investment

₹1,16,000

Issue size

Listing exchange

NSE/BSE

Pritika Engineering Components IPO Dates & Timeline

25 Nov, 2022
Opening date
30 Nov, 2022
Closing date
01 Dec, 2022
Basis of allotment
02 Dec, 2022
Initiation of refunds
02 Dec, 2022
Credit of shares
05 Dec, 2022
Listing date

About Pritika Engineering Components IPO: Company Overview

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.

Strengths & Risks of Pritika Engineering Components IPO

: Quality standards

: Wide product range and product segments

: Legacy Business Process & Management

How to Apply for Pritika Engineering Components IPO: Step-by-Step Guide

  • Research the IPO:Review the prospectus and company details.
  • Open accounts:Ensure you have a demat and trading account.
  • Check dates:Note the IPO opening and closing dates.
  • Apply online:Log in to your brokerage account and complete the IPO application form.
  • Make payment:Pay through your linked bank account.
  • Submit application:Confirm and submit your application.
  • Track status:Monitor the allotment status and check for shares in your demat account upon listing.

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