Precision Metaliks Limited IPO
(i) The Company was incorporated in the year 2012. The Company’s Promoters are Abhishek Business Private Limited and Jayanthi Roja Ramani. The Company was initially engaged in the Business of Trading of the Metals prior to FY 2018-19. After that, the Company commenced manufacturing activity from FY 2019-20 in the SEZ Unit. The SEZ Unit is situated at Visakhapatnam Special Economic Zone, Duvvada, Visakhapatnam. Under this Unit they carry out the manufacturing activities / process on Semi-finished Wheels by rendering value added services such as cleaning, washing, buffing, polishing, testing and packing.
(ii) Their Major Products / services Following is list of its key products/services.
1. Value added services on alloy wheels
Company converts semifinished / raw wheels to finished wheels by carrying the value added services such as Polishing, Buffing, Testing and Packing for our major client, Synergies Castings Limited, Visakhapatnam. The Company is also planning to offer these services to the USA market through Silver MetalX INC, USA by way of supplying finished Alloy Wheels with accessories to cater to the aftermarket.
2. Automated cleaning of Aluminium chips + briquetting into Ingots
A key advantage of Aluminium is its ability to be recycled. The metal can be processed, used, recycled, re-used multiple times without significant loss of its properties. Thus, used alloy wheel scrap, or alloy wheel chips and filings can be used to make fresh alloy wheel castings. However, given that alloy wheels are high speed critical components, it is most critical that the input material must be extremely clean and devoid of any waste materials, coolant, moisture or iron.
3. Robotic polishing of alloy wheels and
4. Other Engineering Services
(iii) Our Competitive Strengths
a) Cost effective, Precise and Automated Solutions
b) Repeat Customer Orders
c) Strong Professional Team
Objects of the Precision Metaliks Limited IPO:
Precision Metaliks Limited IPO Details:
|Open Date:||Jan 19 2022|
|Close Date:||Jan 24 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||21.93 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 51 Per Equity Share|
|Listing At:||NSE Emerge|
Promoters And Management:
Financials of Precision Metaliks Limited IPO:
|Particulars (in Lakhs)||March-21||March-20||Mar 19|
|Cost of Material Consumed||4,656||2,039||0|
|Purchase of Stock in Trade||64||7||0|
|Changes in inventories||-1,226||0||0|
|Employee Benefit Expenses||400||3||0.39|
|Profit Before tax||164||88||1.19|
|Profit After Tax||149||82||0.46|