Pritika Engineering IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 25 Nov 2022 - 30 Nov 2022
Issue Size ₹9.42 Cr
Issue Price ₹29
Market Lot 4000 Shares
Shares on Offer 3,248,000
Registrar
GMP ₹9-10
Kostak N/A
Subject to Sauda ₹24000
Listing Date 8 Dec 2022
Listing Price N/A
Listing Gain% N/A

About Pritika Engineering Components Limited

Pritika Engineering IPO worth Rs. 9.42 crore comprises entirely of a fresh issue of the IPO amount. The total of Pritika Engineering Components SME IPO entails the issue of 32.48 lakh shares at a price of Rs. 29 per share aggregating to Rs. 9.42 crore. The stock has a face value of Rs. 10 and bidders can only bid in minimum lot size of 4,000 shares each, entailing a minimum investment of Rs. 116,000 in the IPO. That is also the maximum that a retail investor can apply for in the IPO. As per the terms of the offer, 50% of the net offer is reserved for the retail investors and 50% for the HNI / NIIs. It is a fixed price issue and SMC Global Securities Limited will act as the market maker for the of Pritika Engineering Components SME IPO.

The issue opened for subscription on 25th November 2022 and closes for subscription on 30th November 2022 (both days inclusive). The basis of allotment will be finalized on 05th December 2022 and the refunds will be initiated on 06th December 2022. In addition, the demat credits are expected to happen on 07th December 2022 and the stock is scheduled to list on 08th December 2022 on the NSE SME segment. This is the segment, in contrast to the mainboard, where IPOs of small and medium enterprises (SMEs) are incubated. The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Pritika Engineering Components Ltd, we already have GMP data for the last 6 days, which should give a reasonable picture of the likely listing.

Company Promoters

Pritika Auto Industries Limited is the company promoter.

Company Financials

Particulars 31-Mar-22 31-Mar-21 31-Mar-20
Total Assets (In ₹ Millions) 7107.36 5594.29 4134.38
Total Revenue (In ₹ Millions) 5739.58 3244.36 2172.4
Profit After Tax (PAT) (In ₹ Millions) 546.17 38.18 13.75

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
30 Nov 2022 ₹9-19 N/A ₹24000

Pritika Engineering Components Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 25 Dec 2022
Day 2 - 28 Dec 2022
Day 3 - 29 Dec 2022
Day 3 - 30 Dec 2022

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Pritika Engineering Components Limited IPO FAQs

  1. When will Pritika Engineering Components Limited IPO open?

    Pritika Engineering Components Limited IPO will open on 25 Nov 2022 and close on 30 Nov 2022.

  2. What is the listing date of Pritika Engineering Components Limited IPO?

    Pritika Engineering Components Limited IPO will list on 8 Dec 2022.

  3. What is the offer price of Pritika Engineering Components Limited IPO?

    The offer price of Pritika Engineering Components Limited IPO is ₹29.

  4. What is the lot size of Pritika Engineering Components Limited IPO?

    The lot size of Pritika Engineering Components Limited IPO is 4000.

  5. What is the Grey Market Premium (GMP) price of Pritika Engineering Components Limited IPO?

    The Grey Market Premium (GMP) price of Pritika Engineering Components Limited IPO is ₹9-10.

  6. What is the Kostak price of Pritika Engineering Components Limited IPO?

    The Kostak price of Pritika Engineering Components Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Pritika Engineering Components Limited IPO?

    The Subject to Sauda price for Pritika Engineering Components Limited IPO is ₹24000.

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