IPO

Piotex Industries Limited IPO

BSE SME

Listed On: May 17, 2024 at ₹ 109.0

₹ 112800 /1200 Shares

Check Allotment

Piotex Industries Limited IPO Details

10 May, 2024

Open Date

14 May, 2024

Close Date

15 May, 2024

Allotment Date

17 May, 2024

Listing Date

Issue Price

₹94 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

109.0

Listing Date

2024-05-17

Market Lot

1200 Shares (₹112,800/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

1,539,600 shares(aggregating up to ₹14.47 Cr)

Retail Portion

50%

Subscription

107.50 times

IPO Docs

DRHP RHP

Piotex Industries Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved730,800730,8001,461,600
Day 1 - 10-05-24 06:00 PM0.77 x0.75 x0.80 x
Day 2 - 13-05-24 06:00 PM1.61 x6.05 x3.87 x
Day 3 - 14-05-24 06:00 PM121.66 x93.33 x107.50 x
Total No. of Applications: 72,024 (Approx)

Piotex Industries Limited Valuations

EPS Pre IPO

₹8.44/-

EPS Post IPO

₹5.89/-

P/E Pre IPO

11.14

P/E Post IPO

15.95

RoNW

33.53%

Piotex Industries Limited Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets3,610.591,757.681,385.47
Revenue11,893.888,667.218,046.39
Profit After Tax300.80288.7574.29

About The Company

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.

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Piotex Industries Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 69.83%

Company Promoter(s)

  1. Mr. Abhay Shriram Asalkar
  2. Mr. Yogesh Omprakash Nimodiya

Piotex Industries Limited IPO - Issue Objectives

  1. Funding the Working Capital Requirement
  2. General Corporate Purpose.

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. The size of Piotex Industries Limited IPO is 1,539,600 shares(aggregating up to ₹14.47 Cr).

Ans. The IPO price band is set between ₹94 per equity share.

Ans. To apply for Piotex Industries Limited IPO 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 allotment status for Piotex Industries Limited IPO here.