Business description from prospectus – PoojaWestern Metaliks started the business of brass manufacturing by forming a partnership under the name of ―Pooja Precision Products n the year 1993. The unit was started to cater sanitary and bathroom fitting manufacturers in domestic market. Gradually as the business grew, promoters formed another partnership in the name of Pooja Metal Industries for manufacturing of brass equipment to specifically to cater international clients. The firm was registered as 100% Export Oriented Unit under the permission from Development Commisoner, KASEZ. To corporatize the operations, both partnership firms were converted into a public limited Company.
The company currently has two units both situated at GIDC, Phase II, Dared. The registered office and Unit I is situated at Plot No. 1, GIDC, Industrial Area, Phase II, Dared, Jamnagar – 361 004. Unit II is situated at Plot No. 665, GIDC, Industrial Area, Phase II, Dared, Jamnagar – 361 004.
Promoters of PoojaWestern Metaliks – Sunil Panchmatiya and Anil Panchmatiya
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PoojaWestern Metaliks IPO details |
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| Subscription Dates | 22 – 26 September 2017 |
| IPO Price band | INR36 per share |
| Fresh issue | 1,521,000 shares (INR5.48 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,521,000 shares (INR5.48 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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PoojaWestern Metaliks’ financial performance (in INR lakh) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 391.8 | 449.2 | 1,517.6 | 1,492.4 | 270.5 | |
| Total expenses | 396.0 | 450.5 | 1,503.4 | 1,474.4 | 253.0 | |
| Profit after tax | 9.8 | -0.9 | 9.8 | 11.9 | 12.1 | |
PoojaWestern Metaliks Limited
Plot No.1, Phase II,
GIDC, Dared,
Jamnagar, Gujarat – 361004
Phone: +91 288 2730088
Email: [email protected]
Website: www.poojametal.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.39 |
| Day 2 | 0.67 |
| Day 3 | 1.79 |
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Earnings Per Share (EPS): INR0.85
Price/Earnings (P/E) ratio: 42.23
Return on Net Worth (RONW): 8.14%
Net Asset Value (NAV): INR10.47 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
PoojaWestern Metaliks IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 22 September 2017
IPO Closing Date: 26 September 2017
Listing Date: 5 October 2017
Listing Price on BSE SME: INR39.5 per share (up 9.7% from IPO price)
Closing Price on BSE SME: INR36.2 per share (up 0.56% from IPO price)
