You can check the GMP, price, subscription status, lot size, allotment date, and subscription status of the Pritika Engineering IPO from here. Pritika Engineering Components Limited is offering a new issue of Rs 9.42 crore, which includes 32,48,000 shares.
The company is accepting subscriptions from November 25 to November 30, 2022.
Pritika Engineering IPO GMP
The face value of each stock share is Rs. 10, but the price per share is Rs. 29. The lowest size of a lot that can be applied for is 4,000 shares or a multiple of that number. Check out this review to learn about Pritika Engineering IPO GMP, including information about the company, its price, the number of people who have signed up, and the size of the lots.
The IPO GMP trading for Pritika Engineering will start on November 25 and go on until November 30 of the next year. Small and Medium Enterprise (NSE) Pritika Engineering wants to earn Rs. 9.42 crores by going public. The price range for the Pritika Engineering IPO GMP is Rs. 29, and 4,000 shares make up a market lot.
As a part of the Pritika Group of businesses, Pritika Engineering Components Limited makes mostly precision-machined parts for the auto and tractor businesses.
Their products are used, among other places, in tractors, trucks, and construction tools, among other commercial vehicles. The company makes specialized goods that can be used in tractors, commercial vehicles, and other building equipment, among other automotive fields.
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IPO GMP Subscription for Pritika Engineering
As of November 25, 2022, 5:00:00 PM, 2.84 times as many people have signed up for Pritika Engineering Components’ IPO. The retail category of the general issue was subscribed to 4.30 times, while the QIB and NII categories were subscribed to times and 1.39 times, respectively.
IPO GMP Price of Pritika Engineering
Pritika Engineering IPO is an NSE SME IPO. They plan to sell shares to the public to get Rs. 9.42 million. In this sale, each share of stock costs 29 Rs. The IPO will list on the NSE, which is a market.
Pritika Engineering IPO GMP Lot Size
The lot size for Pritika Engineering Components’ first public offering (IPO) is 4000 shares. A single investor can apply for up to one lot, which is 4000 shares or 116,000 Rs.
Advantages in the Market
- Team of skilled managers who know enough about their fields to allow scaling and growth into new areas.
- A comprehensive catalog of products that meets the needs of a wide range of clients in the field.
- A technical and functional team that works hard to help its clients find answers.
- Large sales and distribution network, and experience working on big, complicated tasks.
- Most of our clients are people we’ve worked with for years.
- Increasing how well the processes work.
Pritika Engineering IPO Form
There are two ways to sign up for the IPO of Pritika Engineering. The first choice is to use the ASBA (Application Supported by Blocked Amount) in your bank account. To do this, log in to your online bank account, go to the Invest area, and from the drop-down menu, choose Pritika Engineering IPO.
The second choice is to download the IPO application form from either the NSE or the BSE and apply that way.
What is Pritika Engineering?
Original Equipment Manufacturers are what Pritika Engineering Components needs to meet the needs of the tractor business, which is part of the automotive sector.
The product is sold directly to the original equipment maker (OEM) and indirectly through the promoter company Pritika Auto Industries Limited and the group company Pritika Industries Limited.
Pritika Engineering Components manufactures precision-machined automotive components, particularly for tractors, lorries, and other commercial vehicles. They manufacture a range of components for tractors and automobiles, such as Ends, Covers, and Cover Sealed Brakes.
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Frequently Asked Questions
What is the Price of Pritika Engineering’s First Stock Sale to the Public?
When Pritika Engineering goes public for the first time, each share will cost between $29 and $39.
What is the Size of the Lot for Pritika Engineering’s First Public Offering?
Pritika Engineering’s first public offering has a minimum order amount of 4,000 equity shares, and each lot is also made up of 4,000 equity shares.
Who is in Charge of Registering Pritika Engineering’s IPO?
Link Intime India Private Limited is Pritika Engineering’s Registrar for its first public sale.