Precision Metaliks IPO subscription period began on January 19, 2022, and it is also being subscribed to by QIB, NII, and RII. Let us tell you that Precision Metaliks IPO is open on January 19, 2022, and will close on January 24, 2022. It will be available until January 24, 2022. Precision Metaliks’ IPO is expected to raise Rs 21.93 crore through its fresh issue and offer for sale. In which there will be a fresh issue of Rs 21.93 crore and an offer sale of Rs 0 crore, And Precision Metaliks’ IPO price band has been fixed at Rs 51 per share.
Precision Metallics is engaged in the trading and manufacturing of aluminium alloy wheels and the finishing of alloy wheels, i.e., cleaning, washing, buffing, polishing, testing, and packing.
Its manufacturing unit is located at Visakhapatnam SEZ, Duvada, Visakhapatnam, Andhra Pradesh.
Precision Metallics Limited is engaged in the trading and manufacturing of aluminium alloy wheels in a wide variety of sizes and finishes. Here we are able to provide you with quality products in our segment, backed by strong technology.
Precision Metaliks reserved 50% of the shares in this IPO for the NII and 50% for the retail category. Now, to know the Precision Metaliks IPO subscription status, you can see the subscription information given below.
Precision Metaliks IPO Subscription Status (Live Data – Day 1)
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.15 | – | – |
| RII | 2.18 | – | – |
| Total | 1.16 | – | – |
Precision Metaliks IPO Date & Price Band
| IPO Open: | 19 January 2022 |
| IPO Close: | 24 January 2022 |
| IPO Size: | Approx ₹21.93 Crores |
| Face Value: | ₹10 Per Equity Share |
| Listing on: | NSE SME |
| Retail Quota: | 50% |
| NII Quota: | 50% |
| RHP Draft Prospectus: | Click Here |
Precision Metaliks IPO Market Lot
| IPO Lot Size: | Minimum 2000 Shares for 1 lot |
| Minimum Amount: | ₹102,000 for 1 lot |
Precision Metaliks IPO Time Table, Allotment & Listing
| IPO Open Date: | 19 January 2022 |
| IPO Close Date: | 21 January 2022 |
| Basis of Allotment: | 28 January 2022 |
| Refunds: | 31 January 2022 |
| Credit to Demat Account: | 01 February 2022 |
| IPO Listing Date: | 02 February 2022 |
Precision Metaliks IPO Reservation
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | % | – | ₹ |
| NII : | 50% | 20,42,000 | ₹10.41 Cr |
| RII : | 50% | 20,42,000 | ₹10.41 Cr |
| MMRP : | – % | 2,16,000 | ₹1.10 Cr |
| Total : | 100% | 43,00,000 | ₹21.93 Cr |
How to subscribe to Precision Metaliks IPO?
You can select the ASBA and non-ASBA options to subscribe to Precision Metaliks’ IPO.
Visit the nearest bank account and apply online for an IPO through ASBA, download the online form, or get the physical form and submit the filled-out form to your broker or bank.
How do I check Live Precision Metaliks IPO Subscription Number?
You can visit the NSE and BSE portals for a live IPO subscription number. From here, you can see updates on an hourly basis. Live subscriptions can be checked on the BSE or NSE website on any particular IPO page.
Leave a Reply