Precision Metaliks Limited IPO : Issue Opens Jan 19, 2022
Incorporated in 2012, Precision Metaliks is engaged in trading and manufacturing Aluminium Alloy Wheels and finishing Alloy wheels i.e. cleaning, washing, buffing, polishing, testing, and packing. Its manufacturing unit is situated at Visakhapatnam SEZ, Duvada, Visakhapatnam, Andhra Pradesh.
Key Products & Services 1. Value-added services on Alloy wheels for a major client, Synergies Casting Ltd (SCL). It is also planning to supply finished Alloy Wheels with accessories to the USA market through Silver MetalX INC, USA. 2. Automated cleaning of Aluminium chips + briquetting into Ingots. 3. Robotic polishing of alloy wheels i.e. robotic grinding, buffing, automatic media polishing, and 3D polishing. 4. Other Engineering services i.e. high-end design engineering, product development, prototyping, tooling design, etc.
Objects of the Issue: 1. Meet additional working capital requirements. 2. General corporate purposes.
Competitive strengths:
Specialized in finishing semi-finished alloy wheels.
Low-cost infrastructure and high-end technology.
Strong customer relationship.
Professional and experienced management team.
Company Promoters:
Abhishek Business Pvt Ltd and Jayanthi Roja Ramani are the company promoters.
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