Pritika Engineering IPO GMP, Price, Subscription, Status, Lot Size, Allotment Date & Subscription Status can be checked from here. Pritika Engineering Components Limited is offering a new issue of Rs 9.42 crore, which consists of 32,48,000 shares. The company will accept subscriptions from November 25 through November 30, 2022.
The Pritika Engineering IPO GMP will begin trading on November 25 and continue until November 30 of the following year. Pritika Engineering is an NSE Small and Medium Enterprise that is going public with the hopes of raising 9.42 crores. The price range for Pritika Engineering IPO GMP is 29, and the market lot size is 4,000 shares.
Manufacturing precision-machined components for the automotive and tractor industries is the primary focus of Pritika Engineering Components Limited, a division of the Pritika Group of Industries. The likes of tractors, trucks, and other kinds of commercial vehicles all make use of their goods. The firm produces specialized goods for the automotive sector that are adaptable for use in various vehicles, including tractors, commercial vehicles, and other construction equipment, amongst other applications.
Pritika Engineering IPO is an NSE SME IPO. They anticipate raising Rs.9.42 million via an initial public offering. The price of every equity share in the offering is 29 Rs. The NSE will act as the listing exchange for the IPO.
As of November 25, 2022, at 5:00:00 PM, the IPO of Pritika Engineering Components has been subscribed for 2.84 times. The retail category of the public issue had a subscription rate of 4.30 times, the QIB category saw a subscription rate of times, and the NII category saw a subscription rate of 1.39 times.
The lot size for the first public offering (IPO) of Pritika Engineering Components is 4000 shares. An individual retail investor can apply up to 1 lot (4000 shares or 116,000 Rs).
There are two different entry points available for the IPO of Pritika Engineering. Through the ASBA that is accessible in your bank account, you can apply for the Pritika Engineering IPO. Apply via your bank account by logging into your online bank, navigating to the Invest area, and selecting Pritika Engineering IPO from the drop-down menu. You can also apply for the Pritika Engineering IPO by downloading the IPO application form from either the NSE or the BSE.
Pritika Engineering Components depend on Original Equipment Manufacturers to fulfill the tractor industry’s needs, which is part of the automotive sector. The business provides the product directly to the original equipment manufacturer (OEM) and indirectly via the promoter firm Pritika Auto Industries Limited and the group company Pritika Industries Limited.
Pritika Engineering Components is in the business of producing precision machined components for the automotive sector, particularly for tractors, trucks, and other commercial vehicles, amongst other things. It is the company’s primary line of business. The company produces various components for tractors and automobiles, including Ends, Covers, and Cover Sealed Brakes.
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What is the price of the first public offering for Pritika Engineering?
The price range for the first public offering of Pritika Engineering is 29 per share.
When will the Pritika Engineering IPO be available for business?
The IPO for Pritika Engineering will begin on November 25, 2022, and end on November 30, 2022.
What is the lot size for the initial public offering of Pritika Engineering?
The minimum order quantity for the Pritika Engineering initial public offering is 4,000 equity shares, and the lot size is 4,000 equity shares.
Who is the Registrar for the IPO of Pritika Engineering?
Link Intime India Private Limited is acting in the capacity of Registrar for Pritika Engineering’s initial public offering.
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