Autocomp player Precision Metaliks' Rs.22-Cr IPO to close on Jan 24

Visakhapatnam-based Precision Metaliks Limited's IPO, which opened on the NSE Emerge Platform on January 19, will close on January 24. The issue comprises 43 lakh shares with a face value of INR 10 each at a price of INR 51 per equity share, aggregating to INR 21.93 crore. Precision Metaliks is an automobile component player which provides automated cleaning of aluminium chips, robotic polishing of alloy wheels and other engineering services. The company has a manufacturing plant at the Visakhapatnam Special Economic Zone.