Poojawestern Metaliks Limited IPO Review, Date, Price

Poojawestern Metaliks Limited is engaged in manufacturing of Brass and Brass Equipment to cater to the international markets. This 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. The products are sold under the brand name of “P-“, which are a well-known brand in Arab and Gulf market for brass products. In this bandwagon of new issues this company is also filed their IPO to SEBI and are going to get listed soon. So we will check the Poojawestern Metaliks Limited IPO review with investment prospects in this post.

About Poojawestern Metaliks Limited IPO :

  • IPO opens on – September 22, 2017
  • IPO closes on – September 26, 2017
  • Face value – Rs. 10 per equity share
  • Issue price – Rs. 36 Per Equity Share.
  • Issue type – Fixed Price Issue IPO.
  • Minimum lot – 3000 shares.
  • Minimum order quantity – 3000 Shares.
  • Issue size – 1,521,000 Equity Shares of Rs 10 aggregating up to Rs 5.48 Cr.
  • Listing exchange – BSE SME Exchange.
  • DRHP – Click here to download.

Objectives of the issue :

  • Working capital requirements.
  • General corporate purpose.

About The Company-

  • The Company 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.
  • Poojawestern Metaliks Limited Incorporated in 2016.
  • Brass is an alloy generally made from Zinc and Copper. It is used for various purposes as it is corrosion free with high tensile strength.
  • Brass Scrap is filtered by inspection. It is a substitutionalloy alloy & atoms of the two constituents may replace each other within the same crystal structure.
  • The company was started to cater sanitary and bathroom fitting manufacturers in domestic market.
  • The business grew, the promoters formed another partnership in the name of Pooja Metal Industries for manufacturing of brass equipment to specifically to cater international clients.
  • This Company focuses on attaining customer requirement and has achieved high level of customer satisfaction.

Poojawestern Metaliks Limited

Poojawestern Metaliks Limited

Name of the top shareholders :

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  • Sunil Panchmatiya.
  • Anil Panchmatiya.
  • Bina Panchmatiya.
  • Priti Panchmatiya.
  • Vivek Panchmatiya.
  • Meet Panchmatiya.
  • Rashila Panchmatiya.
  • Riddhi Panchmatiya.

Promoters of the company :
Sunil Panchmatiya and Anil Panchmatiya.

Promoter Group of the company :

  • Priti Panchmatiya.
  • Bina Panchmatiya.
  • Rasilaben Panchmatiya.
  • Riddhi Panchmatiya.
  • Vivekn Panchmatiya.
  • Meet Panchmatiyaa.

Company Financials:

Poojawestern Metaliks Limited IPO

Poojawestern Metaliks Limited IPO Review: The financial statement presented by the company looks tricky as FY 2015 and FY 2016 has shown sudden spike in turnover and expenses with a simultaneous increase in the profits. But the financial figures again dips on the FY 2017. Hence the business model is not yet very stable. We feel the investors should avoid little know SME issues and concentrate on established issues like SBI Life Insurace IPO. Hence our Poojawestern Metaliks Limited IPO review posts NEUTRAL view on this IPO. Stay on cash.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.



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