Piotex Industries Ltd. IPO
Issue Price
₹94
GMP
—
Lot Size
1,200
Face Value
₹10
Issue Size
1,539,600 shares (aggregating up to ₹14 Cr)
Subscription
—
IPO Timeline
Open Date10-May-24
Close Date14-May-24
Allotment15-May-24
Refund Initiation16-May-24
Demat Credit16-May-24
UPI Mandate Deadline14-May-24
Listing Date17-May-24
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 730,800 (47%) | — | ₹687 Cr |
| Retail | — | 730,800 (47%) | — | ₹687 Cr |
| Market Maker | — | 78,000 (5% | — | ₹7 Cr |
| Σ Total | — | 1,539,600 (100%) | — | ₹14,472 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹94
Face Value₹10
Lot Size1,200 shares
Issue Size1,539,600 shares (aggregating up to ₹14 Cr)
Issue TypeFixed Price IPO
Listing ExchangeBSE SME
Sale TypeFresh Capital
Script Code—
Net Offer to Public1,461,600 shares (aggregating up to ₹14 Cr)
Amount In₹ Lakhs
Stock Price History · BSE
—
H—
L—
O—
Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹112,800 |
| Retail (Max) | 13 | 15,600 | ₹1,466,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,579,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,557,600 |
Retail1 lot(s)2,400 shares₹112,800
S-HNI2 lot(s)2,400 shares₹225,600
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 8,667 | 8,667 | 1,385 |
| Profit After Tax | 74 | 74 | 74 |
| Net Worth | 440 | 440 | 151 |
| Total Assets | 3,611 | 1,758 | 1,385 |
| Reserves & Surplus | 425 | 425 | 440 |
| Total Borrowing | 446 | 529 | 529 |
Valuation & Key Ratios
ROE45%
ROCE33%
RONW34%
PAT Margin3%
EBITDA Margin—
Debt/Equity1
P/BV4
Pre EPS₹8
Post EPS₹6
Pre P/E11
Post P/E16
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the Working Capital Requirement; and –
- General Corporate Purpose. –
Company Overview
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales for various purposes such as apparel and home textiles. The company also manufactures cotton yarn under an outsourcing model (job- work)
The company has two main business areas:
- Trading in cotton bales, synthetic fibers, cotton yarns, and fabrics: The company manufactures and trades in cotton bales and cotton yarn in the textile centers of Maharashtra, namely Malegaon, Ichalkaranji and Bhiwandi. The company also supplies cotton yarn to Burhanpur and Ahmedabad. For its end product, cotton yarn, the company has entered into an exclusive distribution agreement with Babasaheb Deshmukh Industries Private Limited.
- Contract Labor and Fabric Weaving: Under this arrangement, the company supplies the yarn to the contract workers and the weaving mill who carry out the weaving process at a contractually agreed price and return the finished product. The finished product, i.e. the fabric, is then sold to the customers.
As of March 31, 2024, the company has 18 employees on the payroll.
Company Information
AddressF/II Block, Plot No. 16/2, M.I.D.C., Pimpri Pune, Maharashtra, 411018
Phone+91-9156744401
Emailoffice@piotex.in
Websitehttps://piotex.in/