BAJAJ FINSERV DIRECT LIMITED
Latest IPO Information

Premier Industrial Corporation Ltd. IPO

Objective

1.Financing the capital expenditure requirements towards setting up of a new wire manufacturing facility at Survey Nos. 54/1/B, 55/1/B, 55/2, 56/4 and 56/3 situated at Village – Honad, Khalapur, Raigad, Maharashtra (“Proposed Facility”);
2. Financing the capital expenditure requirement towards expansion of our existing manufacturing facility at Wada Unit situated at Gut Nos. 33 and 39, Mauje Abje (Vaitarna Nagar), Wada, Palghar - 421303, Maharashtra by increasing the manufacturing capacity of certain of our existing products (“Proposed Expansion”);
3.Funding the working capital requirements of our Company; and
4.General corporate purposes.

IPO Details

Face Value ₹ 10.00 Per Share
Issue Size ₹ 0.00 - 0.00 Cr
Price Band ₹ 0.00 - ₹ 0.00 Per Share
Issue Type Book building

Business Description

We are amongst the few players who operates in both powders as well as wires categories of welding consumables industry (Source: CRISIL Repo

...

rt). Our product portfolio spans ferro alloy, metal, chemical and mineral powders as well as low and non-alloy, stainless steel and nickel-based alloy wires. According to the CRISIL Report, our Company offers the widest range of metal, ferro alloy, chemical and minerals-based powders, among its peers. During Fiscal 2025, we contributed ~8% (~4.9 KTPA) of the overall demand for metal and ferro alloy powder generated in the domestic welding raw material & consumables industry (Source: CRISIL Report). Our products form an integral part of the welding consumables value chain, which are in turn critical for sectors such as construction, infrastructure, energy, automotive, aerospace, shipbuilding and heavy engineering. According to the CRISIL Report, (i) over fiscals 2020-2025, we are one of the fastest growing players in the welding consumables industry with a revenues compounded annual growth rate (CAGR) of approximately 20%, outpacing its peers like Diffusion Engineers, which had a CAGR of 16%; (ii) EBITDA CAGR of 31.4% from FY20 to FY25 outpaces the average peer group CAGR of 18.0% and 19.4%; (iii) our PAT CAGR of 32.6% from FY20 to FY25 exceeds the average peer group CAGR of 13.7% and 19.6%; (iv) our Operating Profit Margin (OPM) has shown a steady increase from 8.7% in FY23 to 16.8% in FY25 whereas in comparison, the peer set's OPM has remained relatively stable, with a slight decline from 13.2% in FY23 to 12.4% in FY24, before increasing to 14.7% in FY25; and (v) our Net Profit Margin (NPM) has shown a significant increase from 3.4% in FY23 to 10.7% in FY25 whereas in contrast, the peer set's NPM has remained relatively stable, ranging from 8.4% to 9.2% over the same period. Read More

Address

Address 5th Floor, Kailash Corporate Lounge Godrej Hiranandani Link Road Park Site, Vikhroli (West)
City Mumbai
State Maharashtra
Pincode 400079
Phone 22-6151 4545
Email info@picl.in
Website www.picl.in

About IPO

Listed At BSE/NSE
Lead Manager Unistone Capital Pvt Ltd.
Promoters
Anand Dilip Morzaria
Subhash Chhotalal Morzaria
Arvind Chhotalal Morzaria
Dilip Chhotalal Morzaria
Lalit Navinchandra Morzaria
Smeet Morzaria
Meet Arvind Morzaria

Registrar

MUFG Intime India Pvt Ltd.

+91 810 811 8484
rnt.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/

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Frequently asked questions

What is an IPO?

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

  • Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time
  • Growth Potential: Assessing future prospects based on the company's business model and market opportunities
  • Industry Peers: Comparing valuation metrics with similar companies in the same sector
  • Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

  • Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth
  • Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

  • Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits
  • Qualified Institutional Buyers (QIBs): Entities like mutual funds, banks, and insurance companies, who invest large sums
  • Non-Institutional Investors (NIIs): High-net-worth individuals or entities investing above the retail threshold

Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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Disclaimer

This content is for educational purpose only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Disclaimer

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The Services offered on the Site does not constitute investment advice in any manner whatsoever. You shall be solely responsible for any investment decisions made by placing reliance on the information provided on the Site.

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