Pritika Engineering Components Limited
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Pritika Engineering Components Limited's has transitioned to a publicly listed entity following its IPO debut on Dec 08, 2022 at the NSE exchange. The public offering successfully raised 32,48,000 Shares, consisting of 32,48,000 Sharesin new capital.
The IPO featured a competitive price range of ₹29 to ₹29 and minimum application size of 4000 shares. Market reception was evidenced through subscription activity between Nov 25, 2022 and Nov 30, 2022, reflecting investor appetite for the offering.
Allotment of shares was completed on Dec 05, 2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Pritika Engineering Components Private Limited is a manufacturer of precision machined components primarily for the automotive industry, including tractors, trucks, and other commercial vehicles. The company produces a wide range of components such as end covers, cover sealed brakes, differential cases, hydraulic lift covers, front wheel hubs, flywheel housings, rear axle casings, brake housings, and front engine supports, often customized for Original Equipment Manufacturers (OEMs) and supplied directly or through group companies. Incorporated in Punjab, the company serves clients including Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj. Previously listed on the Calcutta Stock Exchange, it was directly listed on the Bombay Stock Exchange on October 1, 2015. Pritika Engineering recorded total revenue of Rs 5,739.58 lakhs for FY 2021-22 and is a wholly owned subsidiary of Pritika Auto Industries Limited. The company customizes products for tractors, commercial vehicles, and construction equipment, supplying them directly to Original Equipment Manufacturers (OEMs) or through their group companies. Previously listed on the Calcutta Stock Exchange, Pritika Engineering was officially listed on the Bombay Stock Exchange on October 1, 2015. Their manufacturing unit is based in Punjab, and they serve major clients like Ashok Leyland, Eicher, Mahindra, Tafe, and Swaraj. For the financial year 2021-22, their total revenue was ₹5,739.58 lakhs. Pritika Engineering Components is a wholly owned subsidiary of Pritika Auto Industries Limited.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
High-Quality Standards – Committed to excellence in every product.
Experienced Leadership – Led by a skilled and professional management team.
Diverse Product Range – Offering a variety of components for different segments.
Proven Business Model – Backed by years of industry expertise.
Strong R&D Team – Focused on innovation and continuous improvement.
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- Pritika Auto Industries Limited
Pritika Engineering Components Limited
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