Precision Metaliks IPO GMP, Review, Price, Allotment

Precision Metaliks IPO description – The company is engaged in trading and manufacturing activities on semi-finished aluminium alloy wheels. These include cleaning, washing, buffing, polishing, testing, and packing. Its manufacturing unit is situated at Visakhapatnam SEZ, Duvada, Visakhapatnam Special Economic Zone, Andhra Pradesh.

• The company’s key products / services are:
• Value added services on alloy wheels
• Automated cleaning of Aluminium chips + briquetting into Ingots
• Robotic polishing of alloy wheels
• Other Engineering Services

Following is the brief about its customers, who contributes almost 100% of its revenues:

1. Synergies Castings Limited (SCL), India: SCL is a Company having its manufacturing facility spread over an area of 1,00,000 sq mt. at Visakhapatnam SEZ as an EOU unit. It is India’s leading non-ferrous component Company, manufacturing four-wheeler alloy wheels, aluminium castings and plastic components for domestic as well as global automobile OEMs.

2. Silver MetalX INC (SMX): SMX is a company based out of USA and engaged in the business of supply of aluminium wheels and chrome plated wheels to OEMs and aftermarket in USA.

3. Synergies Castings LLC, Sultanate of Oman (SCLLC): SCLLC is a collaborative project between Oman’s Sovereign Wealth fund ODF + The Sultan’s Special Forces Pension Fund (SSPF), Bank of Sohar SAOG, 64% owned by these 3 entities and 36% owned by Synergies Castings Limited (SCL), India to set up an Alloy Wheel Manufacturing facility in Oman.

Promoters of Precision Metaliks – Abhishek Business Private Limited and Jayanthi Roja Ramani

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Precision Metaliks IPO Details

Subscription Dates	19 – 24 January 2022
Price Band	INR 51 per share
Fresh issue	43,00,000 shares (INR 21.93 crore)
Offer For Sale	Nil
Total IPO size	43,00,000 shares (INR 21.93 crore)
Minimum bid (lot size)	2,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE EMERGE

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Precision Metaliks’ Financial Performance

	FY2019	FY2020	FY2021	H1 FY2022
Revenue	5.28	2,217.96	4,924.13	4,813.35
Expenses	4.09	2,129.61	4,759.53	4,547.73
Net income	0.46	82.39	149.35	214.57

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Precision Metaliks Offer News

• Precision Metaliks IPO Review: Subscribe or Avoid?
• Precision Metaliks RHP
• Precision Metaliks Draft Prospectus

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Precision Metaliks Offer Valuation (annualized for FY2022)

Earnings Per Share (EPS): INR 3.58
Price/Earnings (PE ratio): 14.24
Return on Net Worth (RONW): 12.26%
Net Asset Value (NAV): INR14.64 per share

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Precision Metaliks IPO GMP Daily Trend

Date	Precision Metaliks IPO GMP	Kostak	Subject to Sauda

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Precision Metaliks IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	21,50,000	21,50,000	43,00,000
Day 1	0.14	2.07	1.10
Day 2	0.39	4.09	2.24
Day 3	0.47	6.13	3.30
Day 4	2.67	11.30	6.99

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Precision Metaliks Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra, India
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8299
Email: [email protected]
Website: www.bigshareonline.com

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Precision Metaliks Contact Details

Precision Metaliks Private Limited
9-19-43, Suryadev Apartments,
Flat – 202, CBM Compound,
Visakhapatnam – 530003,
Andhra Pradesh, India
Phone: +91 891 4884132
Email: [email protected]
Website: www.precision-metaliks.com

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Precision Metaliks Offer Allotment Status

Precision Metaliks IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

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Precision Metaliks Public Offer Timetable

IPO Opening Date	19 January 2022
IPO Closing Date	24 January 2022
Finalisation of Basis of Allotment	28 January 2022
Initiation of refunds	31 January 2022
Transfer of shares to demat accounts	1 February 2022
Listing Date	2 February 2022
Opening Price on NSE	INR75 per share (up 47.06% from IPO price)
Closing Price on NSE	INR71.25 per share (up 39.71% from IPO price)

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Precision Metaliks IPO FAQs