Business Standard

Precision Metaliks Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

21.93 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

NSE - SME

Open Date

19-Jan-2022

Close Date

24-Jan-2022

Listing Date

01-Feb-2022

Precision Metaliks Ltd News

    The Shares of Precision Metaliks Ltd have now been listed.

    Precision Metaliks Ltd IPO Details

    Public issue of 43,00,000 equty shares of face value of Rs. 10.00 each of Precision Metaliks Limited (The Company or The Issuer) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per equity share) (Issue Price) aggregating to Rs. 21.93 crores (The Issue). Of the issue, 2,16,000 equity shares aggregating to Rs. 1.10 crores will be reserved for subscription by market maker (Market Maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 40,84,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 51 per equity share aggregating to Rs. 20.83 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.45% and 25.12%, respectively of the post issue paid up equity share capital of the company.The issue price is at Rs. 51 per equity share is 5.1 times of the face value.Minimum application size of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Meeting additional Working Capital Requirements. General Corporate Purpose.

    Precision Metaliks Ltd Contact Details

    Precision Metaliks Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@precision-metaliks.com

    Website - www.precision-metaliks.com