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Latteys Industries IPO is a fixed price issue of ₹8.07 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹8.07 crore.
Latteys Industries IPO bidding started from May 23, 2018 and ended on May 28, 2018. The shares got listed on NSE SME on Jun 5, 2018.
Latteys Industries IPO price is ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Latteys Industries IPO RHP for detailed Information.
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,22,000 shares (aggregating up to ₹8.07 Cr) |
| Reserved for Market Maker | 62,000 shares (aggregating up to ₹0.4092 Cr) |
| Net Offered to Public | 11,60,000 shares (aggregating up to ₹7.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 33,77,666 shares |
| Share Holding Post Issue | 45,99,666 shares |
Latteys Industries IPO offers total 12,22,000 shares. Out of which 5,80,000 (47.46%) allocated to NII, 5,80,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 62,000 (5.07%) |
| NII (HNI) Shares Offered | 5,80,000 (47.46%) |
| Retail Shares Offered | 5,80,000 (47.46%) |
| Total Shares Offered | 12,22,000 (100.00%) |
Latteys Industries IPO opens on May 23, 2018, and closes on May 28, 2018.
| IPO Open Date | Wed, May 23, 2018 |
| IPO Close Date | Mon, May 28, 2018 |
| Tentative Listing Date | Tue, Jun 5, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 28, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.
Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 2611.95 | 2014.35 | 1466.07 | 1255.35 | ||
| Total Revenue | 3577.44 | 2605.11 | 2153.37 | 1855.66 | ||
| Profit After Tax | 55.62 | 31.09 | 13.98 | 14.09 | ||
The Company Latteys Industries 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 | Funding the working capital requirements of the Company | 7.47 |
| 2 | General corporate purposes | 0.10 |
[Dilip Davda] Latteys Industries SME IPO is an aggressively priced issue. There is no harm in giving this a miss. Read detail review...
| Listing Date | June 5, 2018 |
| BSE Script Code | |
| NSE Symbol | LATTEYS |
| ISIN | INE262Z01015 |
| Final Issue Price | ₹66 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Last Trade | ₹66.20 |
Latteys Industries Ltd.
Plot No. 16,
Phase- 1/2, GIDC Estate,
Naroda,
Naroda, Gujarat, 382330
Phone: 079-22823354
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: latteys.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Latteys Industries IPO is a SME IPO of 12,22,000 equity shares of the face value of ₹10 aggregating up to ₹8.07 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on May 23, 2018, and closes on May 28, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Latteys Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Latteys Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Latteys Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Latteys Industries IPO opens on May 23, 2018 and closes on May 28, 2018.
Latteys Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Latteys Industries 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 Latteys Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Latteys Industries IPO allotment status.
The Latteys Industries IPO listing date is on Tuesday, June 5, 2018.
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