Poojawestern Metaliks Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 720,000 (47%) | — | ₹259 Cr |
| Retail | — | 720,000 (47%) | — | ₹259 Cr |
| Market Maker | — | 81,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 1,521,000 (100%) | — | ₹5,476 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹108,000 |
| Retail (Max) | 13 | 39,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,236,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 5.00
- General Corporate Purpose – 0.08
Company Overview
Incorporated in 2016, Poojawestern Metaliks Ltd is engaged in manufacturing of Brass and Brass Equipments to cater to the international markets. Company's product range includes brass billets, ingots, brass bars, brass and chrome plumbing fittings, brass inserts and adapters for CPVC and PPR pipes etc are sold under the brand name of "P-". They are a well known brand in Arab and Gulf market for brass products.
They mainly export brass products to Arab and Gulf countries. They use brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods.