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Lakhotia Polyesters IPO is a fixed price issue of ₹5.08 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹5.08 crore.
Lakhotia Polyesters IPO bidding started from Mar 19, 2013 and ended on Mar 21, 2013. The shares got listed on BSE SME on Apr 3, 2013.
Lakhotia Polyesters IPO price is ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Intensive Fiscal Services Pvt.Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company areIntensive Softshare Pvt.Ltd., K.M.Jain Stock Brokers Pvt.Ltd..
Refer to Lakhotia Polyesters IPO RHP for detailed Information.
| IPO Date | March 19, 2013 to March 21, 2013 |
| Listing Date | April 3, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,52,000 shares (aggregating up to ₹5.08 Cr) |
| Reserved for Market Maker | 2,20,000 shares K.M.Jain Stock Brokers Pvt.Ltd. (aggregating up to ₹0.7700 Cr) Intensive Softshare Pvt.Ltd. |
| Net Offered to Public | 12,32,000 shares (aggregating up to ₹4.31 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,88,710 shares |
| Share Holding Post Issue | 37,40,710 shares |
Lakhotia Polyesters IPO offers total 14,52,000 shares. Out of which 6,16,000 (42.42%) allocated to NII, 6,16,000 (42.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,20,000 (15.15%) |
| NII (HNI) Shares Offered | 6,16,000 (42.42%) |
| Retail Shares Offered | 6,16,000 (42.42%) |
| Total Shares Offered | 14,52,000 (100.00%) |
Lakhotia Polyesters IPO opens on March 19, 2013, and closes on March 21, 2013.
| IPO Open Date | Tue, Mar 19, 2013 |
| IPO Close Date | Thu, Mar 21, 2013 |
| Tentative Listing Date | Wed, Apr 3, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 21, 2013 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, Lakhotia Polyesters (India) Limited is engaged in the business of yarn manufacturing.
Lakhotia Polyesters produces Polyester Lacqured coated films, Transfer foils and M type metallic yarns, which are appropriate for textile, printing, decoration and packing industry and manufacturing of grey fabrics used in sarees and as interline cloth. The yarns produced by the Company are used for made ups in apparels, hosiery, home furnishings & garment industry.
The Company manufactures and sells metallic yarns, films and grey fabrics under the trade name ‘Lakhotia Polyesters’. Company currently has installed capacity of 450 spindles for metallic yarns with a manufacturing capacity of 144 TPA.
| KPI | Values |
|---|---|
| RoNW | 5.46% |
The Company Lakhotia Polyesters IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmenting of long term working capital requirement | 3.60 |
| 2 | General Corporate Purposes | 1.18 |
| 3 | Issue Expenses | 0.30 |
[Dilip Davda] <p>On merchant banker's mandate performance part, this is the fifth issue and out of earlier four mandates only 1 has failed to give gains on debut. But considering diminishing top line, higher valuation and the entry barrier, one should avoid this issue.</p> Read detail review...
| Listing Date | April 3, 2013 |
| BSE Script Code | 535387 |
| NSE Symbol | |
| ISIN | INE191O01010 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹35.80 |
| Low | ₹35.00 |
| High | ₹35.90 |
| Last Trade | ₹35.00 |
Lakhotia Polyesters (India) Ltd.
158/159,
Samaratha Sahkari Audyogik Vasahat,
Pimpal- Gaon (Baswant),
Nashik, Maharashtra, 422209
Phone: +91 - 2550 - 252300
Email: info@lakhotiapoly.in
Website: http://www.lakhotiapoly.in
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: lakhotia.ipo@sharexindia.in
Website:
Lakhotia Polyesters IPO is a SME IPO of 14,52,000 equity shares of the face value of ₹10 aggregating up to ₹5.08 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on March 19, 2013, and closes on March 21, 2013.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Lakhotia Polyesters IPO using UPI as a payment gateway. Zerodha customers can apply in Lakhotia Polyesters IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lakhotia Polyesters IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lakhotia Polyesters IPO opens on March 19, 2013 and closes on March 21, 2013.
Lakhotia Polyesters IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Lakhotia Polyesters IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lakhotia Polyesters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lakhotia Polyesters IPO allotment status.
The Lakhotia Polyesters IPO listing date is on Wednesday, April 3, 2013.
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