Pritika Engineering Components IPO
Pritika Engineering Components Limited
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
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
: 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
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.