Pritika Engineering Components Ltd to raise funds through IPO

The Board of Directors of Pritika Engineering Components Limited, material subsidiary of Pritika Auto Industries Limited, in its meeting held on 29th June, 2022, subject to receipt of requisite approvals and market conditions, considered and recommended raising of capital through an Initial Public Offering of the equity shares of Pritika Engineering Components Limited, up to Rs.12,00,00,000/- (Rupees Twelve crores only) from Fresh Issue of capital, at a price to be determined in consultation with the Book Running Lead Managers / Lead Manager. The Board has resolved to convene an Extraordinary General Meeting of the Shareholders of Pritika Engineering Components Limited on 09th July, 2022 for seeking their necessary approval for the proposed Initial Public Issue and other matters.

Shares of Pritika Auto Industries Ltd was last trading in BSE at Rs. 14.35 as compared to the previous close of Rs. 14.20. The total number of shares traded during the day was 1713 in over 19 trades.

The stock hit an intraday high of Rs. 15.00 and intraday low of 14.00. The net turnover during the day was Rs. 24419.00.

Source : Equity Bulls

Keywords

PritikaAutoIndustries INE583R01029 PritikaEngineeringComponents FundRaising IPO