Precision Metaliks IPO Allotment Status Today: Check GMP, Link

Precision Metaliks IPO Allotment Status Online: Precision Metaliks Limited has recently launched an IPO of Rs.21.93 Crores. The bidding was started on 19th January and was closed on 24th January 2022. Now, the investors are looking forward to the finalization of the basis of allotment. Precision Metaliks IPO Allotment Status is likely to be announced on 28th January 2022. The allotment status will be published by the official registrar of the issuer. The IPO allotment status link will also be provided here for investors who have made their bids.

Precision Metaliks IPO Allotment Status

Precision Metaliks Limited is a Hyderabad-based company incorporated in 2012. It basically deals in the manufacturing and trading of Aluminium Alloy Wheels. The company decided to raise the capital of Rs.21.93 crores by going public. The IPO was subscribed 7.36 times on the last day of bidding by Retail and non-institutional investors Bigshare Services Private Limited is the official registrar of this fixed price issue. The net proceeds from the offer will be used to achieve the various objectives of the company. Those who have invested in the ipo can view their allotment status online using the registrar portal.

After the allotment, those who will not be allotted any share will get a refund. The refund initiation is scheduled for 31st January 2022. On the next day i.e. 1st February 2022, the shares will be credited to the accounts of the successful investors who will be allotted shares.

recision Metaliks IPO Allotment Status
PRECISION IPO Allotment Status

Precision Metaliks IPO Allotment: An Overview

IPO NamePrecision Metaliks IPO
IssuerPrecision Metaliks Limited
Promoter of CompanyAbhishek Business Private Limited and Jayanth Roja Ramani
SymbolPRECISION
Lead Manager  First Overseas Capital limited
Registrar of IPOBigshare Services Private Limited
Type of Offer  Fixed Price
Face Value Rs.10/-
Issue Size4,300,000 Equity Shares of Rs.10
(Aggregating up to Rs.21.93 Cr)
Issue PriceRs.51/-  
Min. Order Quantity  2000 Equity Shares
Bid Lot   2000 Equity Shares
Bidding Date19th to 24th January 2022
Date of release of IPO allotment status28th January 2022
Listing Stock Exchange NSE SME
Maximum subscription amount for RIIsRs.200000
Company Websitewww.precision-metaliks.com

Precision Metaliks IPO Allotment Timeline

IPO ActivitiesKey Dates
Issue of DRHP- Draft Prospectus  27th September 2021
Issue of RHP- Prospectus  31st December 2021
Starting of offer19th January 2022
Closing of offer24th January 2022
Finalization of the basis of allotment28th January 2022
Initiation of Refunds31st January 2022
Credit of Equity. Shares to Demat Accounts1st February 2022
Listing of IPO2nd February 2022

Objects of the Issue

The net proceeds of the issue will be utilized to achieve the following objects-

ObjectAmount
To meet the additional working capital requirements of the companyRs.1600 lakhs
To meet General Corporate purposeRs. 150 lakhs
To meet the issue expensesRs.2193 lakhs

Precision Metaliks IPO Allotment Subscription Details

The issue was subscribed 7.36 times on the final day of subscription. Check category-wise subscription details in the table below-

Investor’s Category  Subscription Info
Retail Individual Investors (RIIs)11.90 times
Non-Institutional Investors (NIIs)2.81 times
Total 7.36 times

How to check Precision Metaliks IPO Allotment Status?

The allotment status is made available on the official website of the registrar of the IPO. Those who are waiting for the release of IPO allotment status can get online using the following procedure given below-

  • Step I- Start by navigating to the official website of the registrar i.e., www.bigshareonline.com/ipo_Allotment.   
  • Step II- Three servers to check the allotment status will open.
  • Step III– Select any of the server as per your preference.
  • Step IV– Select the name of the company i.e., Precision Metaliks Limited from the dropdown menu.
  • Step V– Now, select the selection type among Application No, Beneficiary Id, or PAN.
  • Step VI– Enter the information as per your selection made in the previous step.  
  • Step VII– Click on Search button.
  • Step VIII– The IPO allotment status will open.

The IPO allotment status will show details like Application no., DP Id/ CL Id or Folio, Name, Applied, Allotment status.  

Precision Metaliks IPO Listing

After the release of allotment status, a refund will be initiated and shares will be credited to the Demat account of the successful investors. Finally, the shares will be listed on the stock exchange. The designated stock exchange for Precision Metaliks IPO is EMERGE platform of NSE. After listing the trading of shares will start.

Important Links  

Official Website of Issuerwww.precision-metaliks.com
Precision Metaliks IPO Allotment StatusLink 1 | Link 2

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Contact Information

1st Floor, Bharat Tin Works Building
Opp. Vasant Oasis, Makwana Road, Marol
Andheri (E), Mumbai- 400 059
Maharashtra

Phone No.- 022-6263 8200
Email- ipo@bigshareonline.com

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