Piotex Industries Limited IPO
BSE SMEListed On: May 17, 2024 at ₹ 109.0
₹ 225600 /2400 Shares
*Min Investment
10 May, 2024
Open Date14 May, 2024
Close Date15 May, 2024
Allotment Date17 May, 2024
Listing DatePiotex Industries Limited IPO Issue Details
- Issue Price ₹94 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 15,39,600 shares(aggregating up to ₹14.47 crore)
- Fresh Share 15,39,600 shares(aggregating up to ₹14.47 crore)
- Listing at BSE SME
- List Price 109.0
- Listing Date 2024-05-17
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,12,800 |
| Retail(max) | 1 | 1200 | ₹1,12,800 |
| NII (min) | 2 | 2,400 | ₹2,25,600 |
Piotex Industries Limited IPO Reservation
Piotex Industries Limited IPO offers total 1,539,600 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,730,800 (47.47%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 78,000 (5.07%) | |
| Retail Shares Offered | 730,800 (47.47%) | |
| Total Shares Offered | 1,539,600 (100%) |
Piotex Industries Limited IPO Details
Piotex Industries Limited IPO is an SME IPO, priced at ₹94 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 15,39,600 equity shares, aggregating up to ₹14.47 crores..
The IPO bidding window is open from May 10, 2024 to May 14, 2024. The allotment is expected to be finalized on May 15, 2024, and the tentative listing date is May 17, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,12,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,25,600.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Spread X Securities Private Limited will act as the market maker for this issue.
Piotex Industries Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 730,800 | 730,800 | 1,461,600 |
Day 1 10-05-24 06:00 PM | 0.77 x | 0.75 x | 0.80 x |
Day 2 13-05-24 06:00 PM | 1.61 x | 6.05 x | 3.87 x |
Day 3 14-05-24 06:00 PM | 121.66 x | 93.33 x | 107.50 x |
Piotex Industries Limited Valuations
Piotex Industries Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,610.59 | 1,757.68 | 1,385.47 |
| Revenue | 11,893.88 | 8,667.21 | 8,046.39 |
| Profit After Tax | 300.80 | 288.75 | 74.29 |
| Net Worth | 897.18 | 440.07 | 151.32 |
| Reserves & Surplus | 582.47 | 425.07 | 136.32 |
| Total Borrowing | 445.94 | 372.30 | 528.58 |
About Piotex Industries Limited Company
Piotex Industries Limited is a company founded in 2019 that deals with the contract manufacturing of yarns, fabrics, and bales of cotton for various uses, including clothes and home textiles. This company also produces yarn from cotton under the outsourcing model job- work.
The company has two business areas:
Cotton bales, Synthetic fibres, Cotton yarn and fabrics: It manufactures and trades in cotton bales and cotton yarn in textile hubs of Maharashtra at Malegaon, Ichalkaranji and Bhiwandi. It also provides cotton yarn at Burhanpur and Ahmedabad. For the finished product of the company -cotton yarn- it has a sole distributary arrangement with Babasaheb Deshmukh Industries Private Limited.
Contract Labor and Fabric Weaving: In this agreement, the company provides yarn to the contract workers and the weaving mill which weave the material at a pre-agreed rate and return it to the company. The ready product, in this case the fabric, is then sold to the customers.
As of March 31, 2024, the company has 18 employees on its payroll.
Piotex Industries Limited - Promoter(s)
Mr. Abhay Shriram Asalkar
Mr. Yogesh Omprakash Nimodiya
Pre Issue Share Holding : 100%
Post Issue Share Holding : 69.83%
Piotex Industries Limited IPO - Issue Objectives
Funding the Working Capital Requirement
General Corporate Purpose.
Contact Details
Piotex Industries Limited
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune - 411018
+91-9156744401
Registrar Contact Details
Piotex Industries Limited IPO - FAQs
Ans. Piotex Industries Limited IPO is a SME IPO. The issue is priced at ₹94 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on May 10, 2024, and closes on May 14, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Piotex Industries Limited IPO opens on May 10, 2024 and closes on May 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Piotex Industries Limited IPO is 1,539,600 shares(aggregating up to ₹14.47 Cr).
Ans. The Piotex Industries Limited IPO price band is set between ₹94 per equity share.
Ans. To apply for Piotex Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Piotex Industries Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Piotex Industries Limited IPO is May 15, 2024.
Ans. The Piotex Industries Limited IPO will be listed on May 17, 2024.
Ans. Follow the steps to check the Piotex Industries Limited IPO allotment status online.
