Piotex Industries Limited IPO
Piotex Industries Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹94 per share. The stock debuted at ₹109, delivering a listing gain of 16.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,12,800.
Piotex Industries Limited IPO
- IPO Dates
- May 10, 2024 – May 14, 2024
- Price band
- ₹94 per equity share
- Minimum Investment
- ₹1,12,800
- Issue size
- ₹14.47 Cr
- Lot size
- 1200
- Allotment Date
- May 15, 2024
- Listing
- May 17, 2024
- Listing At
- BSE SME
IPO timeline
-
May 10, 2024
Open Date
Completed
-
May 14, 2024
Close Date
Completed
-
May 15, 2024
Allotment Date
Completed
-
May 17, 2024
Listing Date
Completed
Piotex Industries Limited IPO Essentials
Piotex Industries Limited IPO Details
Piotex Industries Limited IPO is priced at ₹94 per share with a total issue size of 14.47 crore. The IPO has a lot size of 1200 shares and is listed on BSE SME.
- Issue price
- ₹94 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,539,600 shares(aggregating up to ₹14.47 Cr)
- Total issue size
- 15,39,600 shares
(aggregating up to ₹14.47 crore) - Fresh issue
- 15,39,600 shares
(aggregating up to ₹14.47 crore) - Listing at
- BSE SME
- List price
- 109.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
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 reservation details show category-wise allocation of shares. Out of the total 1,539,600 shares, approximately 47.47% for retail investors, and 5.07% for market maker.
| 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 Analytics
Piotex Industries Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Piotex Industries Limited IPO Subscription Status
Piotex Industries Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹8.44/-
- EPS Post IPO
- ₹5.89/-
- P/E Pre IPO
- 11.14
- P/E Post IPO
- 15.95
Returns
- ROE
- 44.99%
- ROCE
- 33.20%
- RoNW
- 33.53%
- PAT Margin
- 2.54
Fundamentals
- Debt / Equity
- 0.50
- Price / Book
- 3.73
Piotex Industries Limited Financials( In Lakhs)
| 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 |
Piotex Industries Limited Company & Offer Insights
About Piotex Industries Limited
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 are the company's promoters of Piotex Industries Limited.
Piotex Industries Limited IPO Issue Objectives
- •
- Funding the Working Capital Requirement
- •
- General Corporate Purpose.
Contact Information
Contact Details
Piotex Industries Limited
+91-9156744401
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune - 411018
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Piotex Industries Limited IPO is a Fixed Priced IPO worth ₹14.47 crore. The issue price is ₹94 per share (fixed price). The IPO opens on May 10, 2024 and closes on May 14, 2024. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Piotex Industries Limited IPO is ₹94 per share (fixed price).
The lot size of Piotex Industries Limited IPO is 1200 shares.
The minimum investment for Piotex Industries Limited IPO is approximately ₹1,12,800 based on the issue price .
Piotex Industries Limited IPO opens on May 10, 2024 and closes on May 14, 2024.
The allotment date of Piotex Industries Limited IPO is May 15, 2024.
Piotex Industries Limited IPO is expected to be listed on May 17, 2024, on BSE SME Platform.
Piotex Industries Limited IPO valuation snapshot: P/E 15.95, EPS ₹5.89/-, P/B 3.73, RoNW 33.53%, and market cap N/A.
To apply for Piotex Industries Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Piotex Industries Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Piotex Industries Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Piotex Industries Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Piotex Industries Limited IPO allotment status on IPO Ji for quick and easy access.