Pritika Engineering Components Limited

Company Profile
Company Name Pritika Engineering Components Limited
Open Date 25-11-2022
Close Date 30-11-2022
Exchange NSE SME
Lot Size 4000 Shares
Issue Price Rs. 29 per share
Issue Size 32,48,000 Equity Shares
Application Amount Rs. 1,16,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was formed in February 2018 as a Private Limited Company and was later converted into a Public Limited Company in 2022 for the purpose of issuing shares to the public. It is a fully owned subsidiary of Pritika Auto Industries Limited which was founded in 1980. The holding company is in the same line of business. The Company recently established a fully owned subsidiary in March 2022 by the name Meeta Castings Limited. The company deals in various products for Tractors and trucks 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. They have one manufacturing unit which is situated in Hoshiarpur, Punjab. They have 388 employees of which 134 and permanent and 254 are temporary employees.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sep-22 Mar-22 Mar-21
Total Assets 8,121.82 7,107.36 5,594.29
Net Assets 1,832.88 1,652.62 1,262.13
Total Borrowings 3,161.13 2,507.67 2,196.71
Total Revenue 4,340.24 5,739.58 3,244.36
Profit After Tax 185.53 546.17 38.18

Tentative Timeline

Opening Date 25-11-2022
Closing Date 30-11-2022
Basis of Allotment 05-12-2022
Initiation of Refunds 06-12-2022
Credit of Shares to Demat 07-12-2022
Listing Date 08-12-2022

Objects of the Issue

Investment in relation to the new unit set up by the wholly owned subsidiary, Meeta Castings Limited (MCL);
General Corporate purposes

Contact Information

Registered Office Pritika Engineering Components Limited Plot No. C-94, Phase-VII Industrial Focal Point, S.A.S Nagar, Mohali, Punjab 160055
Phone 91 9878723399

Registrar Details

Name Link Intime India Private Ltd
Phone 91-22-4918 6270

IPO Reservation

Market Maker Shares Offered 1,64,000 (5.05%)
Other Shares Offered 15,42,000 (47.48%)
Retail Shares Offered 15,42,000 (47.48%)
Total Shares Offered 32,48,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 70.15%

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