Maini Precision Products Ltd. has filed an IPO with SEBI for Rs. 900 crore, which includes a fresh issue and an offer to sell shares. Maini Precision Products Ltd. is a full-service solution provider that offers design, engineering, manufacture, testing, and supply of a wide range of precision products and assemblies.
The brand has expertise in a wide range of critical manufacturing processes, including machined castings, die castings, machined forgings, bar route machining, plate machining, surface treatment, heat treatment, critical assembly, and ancillary activities like end-of-line testing, export packing, and warehousing, allowing us to provide end-to-end solutions for our customers’ needs. As of June 30, 2021, the brand had a diversified portfolio of approximately 126 product categories. The items are divided
into two categories: aerospace (which includes products for aerospace and defence) and automotive and industrial (which includes products 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,
Maini Precision Products Ltd IPO Financials
| Particulars | 2020 | 2019 |
|---|---|---|
| Restated profit / (loss) for the period/year (A) | 468.81 | 183.57 |
| Add: | ||
| Total tax expense (B) | 28.31 | 113.01 |
| Finance costs (C) | 211.79 | 206.78 |
| Depreciation and amortisation expense (D) | 415.73 | 289.52 |
| EBITDA (E) = (A)+(B)+(C)+(D) | 130.40 | 425.74 |
| Loss on fair valuation of CCPS (F) | 287.60 | 428.29 |
| Adjusted EBITDA (G) = (E)+(F) | 418.00 | 854.03 |
| Total income (H) | 4368.04 | 5737.32 |
| EBITDA Margin (I) = (E)/(H) (%) | 2.99% | 7.42% |
| Adjusted EBITDA Margin (J) = (G)/(H) (%) | 9.57% | 14.89% |
Maini Precision Products Ltd IPO Key Points
Strengths :
- The company has a diversified customer base with long-term relationships.
- According to CRISIL, this company is the leading precision components exporter from India.
- They have a highly experienced team with expert knowledge across segments like automotive, aerospace, industrial and mechanical engineering.
Risks :
- Any similar pandemic like Covid 19 can adversely affect the business, financial condition and operations.
- The business is dependent on exports. Any adverse change in the conditions affecting the global market can directly affect the business
- Any failure in implementing the growth strategies can affect the business.
Maini Precision Products Ltd IPO FAQs :
Q1. What is Maini Precision Products IPO?
Ans. 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.
Q2. When will the Maini Precision Products IPO allotment be available?
Ans. Details are not available.
Q3. What will be the Maini Precision Products IPO lot size?
Ans. Details are not available.
Q4. When will Maini Precision Products IPO open for subscription?
Ans. Details are not available.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q6. When will Maini Precision Products list on exchanges?
Ans. The listing process usually takes ten working days from the last day of subscription.
Q7. What is the size of Maini Precision Products IPO?
Ans. Details are not available.
Q8. How will I receive shares?
Ans. The IPO shares will get credited directly to your Demat account.
Q9. Is it necessary to approve a UPI mandate request immediately?
Ans. Approving the UPI payment is the final step of the IPO application. Investors are allowed T+1 days to approve the payment on UPI.
