Pritika Engineering Components Ltd - IPO

Pritika Engineering Components Ltd IPO Details

Public issue of 32,48,000 equity shares of face value Rs. 10 each (Equity Shares) of Pritika Engineering Components Limited (the Company or the Issuer) for cash at a price of Rs. 29 per equity share (including a securities premium of Rs. 19 per equity share) (the Issue Price), aggregating upto Rs. 9.42 crores (Issue) of the issue, 1,64,000 equity shares aggregating to Rs. 0.48 crores is reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 30,84,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 29 per equity share aggregating to Rs. 8.94 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.85% and 28.34%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares uf Rs. 10 each and the issue price is Rs. 29. The issue price is 2.9 times of the face value.Bids can be made for a minimum of 4000 equity shares in multiples of 4000 equity shares thereafter.

Objective of issue

Investment in relation to the new unit set up by the wholly owned subsidiary Meeta Castings Ltd (MCL). General Corporate Purposes.

Pritika Engineering Components Ltd Contact Details

Pritika Engineering Components Ltd, Office No 106 & 107, Dattani Plaza, Andheri Safedpul, Mumbai-400072

Phone - 022-28520461/462

Fax -

Website - www.pritikaengineering.com