Maini Precision IPO

Maini Precision Products Ltd has filed for an IPO with SEBI of Rs.900 crore comprising a fresh issue and an offer for the sale of shares.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Maini Precision Products Ltd IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Maini Precision Products Ltd

Maini Precision Products Ltd is an end-to-end solutions provider that provides services like design, engineering, manufacturing, testing, and supply of a variety of precision products and assemblies. The brand has expertise in diverse and critical manufacturing processes that includes machined castings, die castings, machined forgings, bar route machining, plate machining, surface treatment, heat treatment, critical assembly, as well as ancillary activities such as end-of-line testing, export packing and warehousing, which helps us provide end-to-end solutions for our customer requirements.

The brand holds a diverse portfolio of over 126 product families as of June 30, 2021. The products are classified into two businesses (a) aerospace (which comprised products manufactured for aerospace and defense) and (b) automotive & industrial (which comprised products manufactured for clean internal combustion engines, fuel injections and transmissions).

Maini Precision Products Ltd IPO Objectives

- A part of the fund will be utilised to clear up the debts taken for different business purposes.
- The fund will also be utilised purchase of inventory, long-term or short-term working capital requirements.

Why should you invest in the Maini Precision Products Ltd?

  • Maini Precision Product revenue from operations for FY19, FY20, FY21 was ₹5,603.05 million, ₹5,708.01 million, ₹4,273.63 million.

Financial Highlights

Particulars As of, or for the year ended March 31,
  2021 2020 2019
Restated profit / (loss) for the period/year (A) Add: (468.81) (226.47) (183.57)
Total tax expense (B) (28.31) (8.62) 113.01
Finance costs (C) 211.79 237.30 206.78
Depreciation and amortisation expense (D) 415.73 393.16 289.52
EBITDA (E) = (A)+(B)+(C)+(D) 130.40 395.37 425.74
Loss on fair valuation of CCPS (F) 287.60 431.74 428.29
Adjusted EBITDA (G)= (E)+(F) 418.00 827.11 854.03
Total income (H) 4368.04 5841.20 5737.32
EBITDA Margin (I) = (E)/(H) (%) 2.99% 6.77% 7.42%
Adjusted EBITDA Margin (J) = (G)/(H) (%) 9.57% 14.16% 14.89%

How to apply for Maini Precision Products IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Maini Precision Products Ltd IPO and approve the payment on your UPI ID.

Demat Account

Maini Precision Products Noteworthy Highlights:

  • The revenue from the operations for Fiscals ended 2019, 2020 and 2021, and three months period ended June 30, 2020 and June 30, 2021, was ₹5,603.05 million, ₹5,708.01 million, ₹4,273.63 million, ₹558.14 million, and ₹1,356.50 million, respectively.

The Brand’s Pros & Cons:

Pros Cons
The company has a diversified customer base with long-term relationships. They have over 50 customers as of June 30, 2021. Any similar pandemic like Covid 19 can adversely affect the business, financial condition and operations.
According to CRISIL, this company is the leading precision components exporter from India. The business is dependent on exports. Any adverse change in the conditions affecting the global market can directly affect the business.
They have a highly experienced team with expert knowledge across segments like automotive, aerospace, industrial and mechanical engineering. Any failure in implementing the growth strategies can affect the business.

Competitive Analysis: Market Peers

Name of the company Total Revenue (in Rs. crores) Basic EPS NAV Rs. per share PE RoNW %
Maini Precision Products 436.80 -11.35 -5.74 NA 56.84%
Sona BLW Precision Forgings Limited 1,568.64 3.76 22.76 185.93 16.50%
Bharat Forge Limited 6,505.16 -2.71 116.99 NA -2.33%
Lakshmi Machine Works Limited 1,806.10 41.75 1666.47 211.29 2.51%
MTAR Technologies Limited 247.74 16.99 154.99 99.88 9.66%
Sansera Engineering Limited 1,572.36 21.02 189.35 38.53 12.36%

Maini Precision Products IPO FAQs

What is Maini Precision Products IPO?

Maini Precision Products Ltd has filed for an IPO with SEBI for an IPO of Rs.900 crore comprising a fresh issue and an offer for the sale of shares.

When will the Maini Precision Products IPO allotment be available?

Details are not available.

What will be the Maini Precision Products IPO lot size?

Details are not available.

When will Maini Precision Products IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Maini Precision Products list on exchanges?

The listing process usually takes ten working days from the last day of subscription.

How to check the allotment status of Maini Precision Products IPO?

Angel One investors can check the IPO allotment status by logging into their Angel One account.

What is the size of Maini Precision Products IPO?

Details are not available.

How will I receive shares?

The IPO shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. Investors are allowed T+1 days to approve the payment on UPI.

How to apply for this Maini Precision Products IPO via the Angel One App?

To apply from the Angel One app, find Maini Precision Products in the active IPO list and click on apply.

What is the minimum order quantity for Maini Precision Products IPO?

Details are not available.

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