Pooja Western Metaliks Ltd

pooja western metaliks ltd

About the Company:

Pooja Western Metaliks Ltd (Headquartered in Jamnagar, Gujarat) is engaged in the business of producing Brass materials out of scrap.

They had initially started the business of brass manufacturing by forming a partnership under the name of “Pooja Precision Products” in the year 1993.

Gradually as 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.

Company is registered as 100% Export Oriented Unit.

They currently have two Units both situated at GIDC,Unit I is spread over 1,800 square meters, our factory is equipped with machinery and equipment for induction furnaces, extrusion press, machining, platting, extrusion, etc. Unit II is spread across over 700 square meters.

Currently they have an installed capacity of 350 Metric Ton per annum for Brass Alloys while around 150 Metric Ton for single mould.

Company uses 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.

They mainly export brass products to Arab and Gulf countries.They have a proven track record of more than 14 years in export of Brass Products.


Management Team:

  1. Mr.Sunil Panchmatiya (Designation: Chairman and Managing Director)
  2. Mr.Anil Panchmatiya (Designation: Whole Time Director)
  3. Mr.Vivek Panchmatiya (Designation: Executive Director)


Objectives of the Issue:

  • Working Capital Requirements.
  • General Corporate Purpose.
  • Listing Benefits.

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Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue 3.91 4.49 15.17 14.92 2.70
Net Profit 0.09 (-0.008) 0.098 0.11 0.12


IPO Details:

Details Info
Issue Opens on 22nd September 2017
Issue Closes on:. 26th September 2017
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,08,000
Issue Constitutes 29.99%
Issue Size Rs.5.47 cr
Market Cap Rs.18.25 cr
Listing at BSE SME
Equity Shares Offered 15,21,000
Equity Shares Prior 35,20,000
Equity Shares after the issue 50,71,000


IPO Valuation parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.38 42.23 8.14 10.47


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA