Precision Metaliks IPO GMP, Review, Price, Allotment


Last updated on February 1, 2022

Precision IPO GMP

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

Precision Metaliks IPO Details

Subscription Dates19 – 24 January 2022
Price BandINR 51 per share
Fresh issue43,00,000 shares (INR 21.93 crore)
Offer For SaleNil
Total IPO size43,00,000 shares (INR 21.93 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%

Precision Metaliks’ Financial Performance

 FY2019FY2020FY2021H1 FY2022
Net income 0.46 82.39149.35214.57
Figures in INR Lakh unless specified otherwise

Precision Metaliks Offer News

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

Precision Metaliks IPO GMP Daily Trend

DatePrecision Metaliks IPO GMPKostakSubject to Sauda

Precision Metaliks IPO Subscription – Live Updates

Shares Offered21,50,00021,50,00043,00,000
Day 20.394.092.24
Day 30.476.133.30
Day 42.6711.306.99
Subscription figures in number of times, at 05:00 PM

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]

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]

Precision Metaliks Offer Allotment Status

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

Precision Metaliks Public Offer Timetable

IPO Opening Date19 January 2022
IPO Closing Date24 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 NSEINR75 per share (up 47.06% from IPO price)
Closing Price on NSEINR71.25 per share (up 39.71% from IPO price)

Precision Metaliks IPO FAQs

What are investors portions in Precision Metaliks public offer?

Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.

How to Apply in Precision Metaliks IPO?

The best way to apply in Precision Metaliks IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Precision Metaliks IPO size?

Precision Metaliks offer size is INR21.93 crores.

What is Precision Metaliks IPO Price Band?

Precision Metaliks IPO Price is INR51 per share.

What is the lot size of Precision Metaliks IPO?

Precision Metaliks offer lot size and the minimum order is 2,000 shares.

What is Precision Metaliks IPO GMP today?

Precision Metaliks IPO GMP today is NA per share.

What is Precision Metaliks IPO kostak rate today?

Precision Metaliks IPO kostak rate today is NA per application.

What is Precision Metaliks Subject to Sauda rate today?

Precision Metaliks Subject to Sauda rate today is NA per application.


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