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.
Precision Metaliks IPO Allotment: An Overview
|IPO Name||Precision Metaliks IPO|
|Issuer||Precision Metaliks Limited|
|Promoter of Company||Abhishek Business Private Limited and Jayanth Roja Ramani|
|Lead Manager||First Overseas Capital limited|
|Registrar of IPO||Bigshare Services Private Limited|
|Type of Offer||Fixed Price|
|Issue Size||4,300,000 Equity Shares of Rs.10|
(Aggregating up to Rs.21.93 Cr)
|Min. Order Quantity||2000 Equity Shares|
|Bid Lot||2000 Equity Shares|
|Bidding Date||19th to 24th January 2022|
|Date of release of IPO allotment status||28th January 2022|
|Listing Stock Exchange||NSE SME|
|Maximum subscription amount for RIIs||Rs.200000|
Precision Metaliks IPO Allotment Timeline
|IPO Activities||Key Dates|
|Issue of DRHP- Draft Prospectus||27th September 2021|
|Issue of RHP- Prospectus||31st December 2021|
|Starting of offer||19th January 2022|
|Closing of offer||24th January 2022|
|Finalization of the basis of allotment||28th January 2022|
|Initiation of Refunds||31st January 2022|
|Credit of Equity. Shares to Demat Accounts||1st February 2022|
|Listing of IPO||2nd February 2022|
Objects of the Issue
The net proceeds of the issue will be utilized to achieve the following objects-
|To meet the additional working capital requirements of the company||Rs.1600 lakhs|
|To meet General Corporate purpose||Rs. 150 lakhs|
|To meet the issue expenses||Rs.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|
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.
|Official Website of Issuer||www.precision-metaliks.com|
|Precision Metaliks IPO Allotment Status||Link 1 | Link 2|
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