Premier Industrial Corporation Ltd. IPO Details
Premier Industrial Corporation was incorporated on June 20, 1979. The company is one of the few players in India’s welding consumables industry operating in both powders and wires segments. Its portfolio includes ferro alloy, metal, chemical, and mineral powders, as well as low- and non-alloy, stainless steel, and nickel-based alloy wires, serving critical sectors like construction, infrastructure, energy, automotive, aerospace, shipbuilding, and heavy engineering
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 27.9 M | - | - | ₹0 | DRHP DOC |
Premier Industrial Corporation issue details
Premier Industrial Corporation has 27.9 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Premier Industrial Corporation IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Premier Industrial Corporation NUMBER OF SHARES ON OFFER
Premier Industrial Corporation FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 476.4 | 51.2 | -11.4 | -18.4 | 16.9% |
| FY24 | 339.5 | 33.6 | 17.7 | 20.9 | 15.2% |
| FY23 | 370.6 | 12.7 | 6.9 | 3.1 | 8.8% |
Premier Industrial Corporation INFORMATION ON IPO ISSUE
About Premier Industrial Corporation
Premier Industrial Corporation was incorporated on June 20, 1979. The company is one of the few players in India’s welding consumables industry operating in both powders and wires segments. Its portfolio includes ferro alloy, metal, chemical, and mineral powders, as well as low- and non-alloy, stainless steel, and nickel-based alloy wires, serving critical sectors like construction, infrastructure, energy, automotive, aerospace, shipbuilding, and heavy engineering
Object of the Issue
- Financing the capital expenditure requirements towards setting up of a new wire manufacturing facility at Raigad, Maharashtra
- Financing the capital expenditure requirement towards expansion of their existing manufacturing facility at Wada Unit situated at Palghar, Maharashtra by increasing the manufacturing capacity of certain of its existing products
- Funding the working capital requirements of the company
- General corporate purposes
Premier Industrial Corporation - PROMOTERS
| Name |
|---|
| Arvind Chhotalal Morzaria |
| Dilip Chhotalal Morzaria |
| Subhash Chhotalal Morzaria |
| Lalit Navinchandra Morzaria |
| Meet Arvind Morzaria |
| Smeet Morzaria |
| Anand Dilip Morzaria |
Premier Industrial Corporation - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arvind Chhotalal Morzaria | Chairman & Managing Director |
| Dilip Chhotalal Morzaria | Joint Managing Director |
| Subhash Chhotalal Morzaria | Whole-Time Director |
| Lalit Navinchandra Morzaria | Whole-Time Director |
| Smeet Morzaria | Whole-Time Director & Chief Financial Officer |
| Meet Arvind Morzaria | Whole-Time Director |
| Anand Dilip Morzaria | Whole-Time Director |
| Sanjay Sahay | Independent Director |
| Kanchan Sameer Mhaskar | Independent Director |
| Niraj R Kamdar | Independent Director |
| Abhishek Dilip Mehta | Independent Director |
| Sandip Godhani | Independent Director |
| Dhaval Manubhai Raithatha | Independent Director |
| Jhanvi Chandn | Independent Director |
Premier Industrial Corporation Book Running Lead Manager
Unistone Capital Private Limited
mb@unistonecapital.com
Premier Industrial Corporation Registrar to the Offer
MUFG Intime India Private Limited
premierindustrial.ipo@in.mpms.mufg.com
Premier Industrial Corporation Strengths
Tailored product portfolio
The company offers powders (ferro alloys, metals, minerals, chemicals) and wires (steel, nickel-based, stainless) tailored to customer requirements. Powders are made-to-order, while wires include both standard and customised options for diverse industrial applications
Advanced manufacturing facilities
The company operates five manufacturing facilities, four in Maharashtra (Mankholi, Taloja, Wada, Rabale) and one in Chennai, producing powders at four units and wires at Rabale, with a mix of freehold and leased land. Equipped with advanced machinery and labs, the facilities’ proximity to industrial hubs and transport links ensures efficient, timely product delivery
Client relationship
The company has strong, long-standing relationships with over 1,500 domestic and global customers, contributing ~8% of India’s welding powders demand in FY25. Its key strengths include reliable delivery, product customisation, and a focus on quality, enabling retention of existing customers and expansion of its customer base
Premier Industrial Corporation Risks
Expansion risks
The company may face challenges in executing its expansion plans or growth strategies on time and within budget, which could adversely affect its business and financial results. Sustaining growth and expanded operations in future periods may also be impacted if plans are not successfully implemented
Capital intensiive
The company requires significant working capital for operations, raw material procurement, and production, and failure to meet these needs could harm business performance and cash flow. Inaccurate demand forecasting or inventory management may also increase costs and adversely affect financial results
Export & trade policy risks
The company’s significant overseas operations expose it to risks from international trade policies, tariffs, export controls, and geopolitical tensions. Such unpredictable factors could materially impact its business, financial condition, and cash flows
IPO FAQs
The promoters of the company are Arvind Chhotalal Morzaria, Dilip Chhotalal Morzaria, Subhash Chhotalal Morzaria, Lalit Navinchandra Morzaria, Meet Arvind Morzaria, Smeet Morzaria and Anand Dilip Morzaria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.