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Pritika Engineering Components Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Pritika Engineering Components Ltd IPO

Registered Office: PNo C-94 Phase-VII SAS Nagar,Industrial Focus Point , Mohali - 160055 , Punjab , India.
Phone : 91-9878723399   Fax:
Email :  compliance@pecl@pritikagroup.com  
Website :  www.pritikaengineering.com
Public issue of 32,48,000 equity shares of face value (Rs)10 each ("Equity Shares") of Pritika Engineering Components Limited (the "Company" or the "Issuer") for cash at a price of (Rs)29 per equity share (including a securities premium of (Rs)19 per equity share) (the "Issue Price"), aggregating upto (Rs)9.42 crores ("Issue") of the issue, 1,64,000 equity shares aggregating to (Rs)0.48 crores is reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 30,84,000 equity shares of face value of (Rs)10 each at an issue price of (Rs)29 per equity share aggregating to (Rs)8.94 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.85% and 28.34%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares uf (Rs)10 each and the issue price is (Rs)29. The issue price is 2.9 times of the face value. Bids can be made for a minimum of 4000 equity shares in multiples of 4000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
25-Nov-22 30-Nov-22 (Rs)29.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 7.57
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 9.42  
Post Issue Equity Share Capital 10.88  
Issue Price (Rs)29.00  
 
Projects
Investment in relation to the new unit set up by the wholly owned subsidiary Meeta Castings Ltd (MCL)General Corporate Purposes
Promoted By
Pritika Auto Industries Ltd  
Listing At
NSE - SME 
Registrar to the Issue
Satellite Corporate Services