PoojaWestern Metaliks IPO

PoojaWestern Metaliks IPOBusiness description from prospectus – PoojaWestern Metaliks started the business of brass manufacturing by forming a partnership under the name of ―Pooja Precision Products n the year 1993. The unit was started to cater sanitary and bathroom fitting manufacturers in domestic market. Gradually as the business grew, promoters formed another partnership in the name of Pooja Metal Industries for manufacturing of brass equipment to specifically to cater international clients. The firm was registered as 100% Export Oriented Unit under the permission from Development Commisoner, KASEZ. To corporatize the operations, both partnership firms were converted into a public limited Company.

The company currently has two units both situated at GIDC, Phase II, Dared. The registered office and Unit I is situated at Plot No. 1, GIDC, Industrial Area, Phase II, Dared, Jamnagar – 361 004. Unit II is situated at Plot No. 665, GIDC, Industrial Area, Phase II, Dared, Jamnagar – 361 004.

Promoters of PoojaWestern Metaliks – Sunil Panchmatiya and Anil Panchmatiya

PoojaWestern Metaliks IPO details

Subscription Dates 22 - 26 September 2017
IPO Price band INR36 per share
Fresh issue 1,521,000 shares (INR5.48 crore)
Offer for sale Nil
Total IPO size 1,521,000 shares (INR5.48 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

PoojaWestern Metaliks' financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 391.8 449.2 1,517.6 1,492.4 270.5
Total expenses 396.0 450.5 1,503.4 1,474.4 253.0
Profit after tax 9.8 -0.9 9.8 11.9 12.1

PoojaWestern Metaliks Limited
Plot No.1, Phase II,
GIDC, Dared,
Jamnagar, Gujarat - 361004

Phone: +91 288 2730088
Email: info@poojametal.com
Website: www.poojametal.com

Day

Subscription (no. of times)

Day 1 0.39
Day 2 0.67
Day 3 1.79

 

Earnings Per Share (EPS): INR0.85

Price/Earnings (P/E) ratio: 42.23

Return on Net Worth (RONW): 8.14%

Net Asset Value (NAV): INR10.47 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

PoojaWestern Metaliks IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

IPO Opening Date: 22 September 2017

IPO Closing Date: 26 September 2017

Listing Date: 5 October 2017

Listing Price on BSE SME: INR39.5 per share (up 9.7% from IPO price)

Closing Price on BSE SME: INR36.2 per share (up 0.56% from IPO price)

PoojaWestern Metaliks IPO
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