Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Wed, May 23, 2018 - Mon, May 28, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 23, 2018
IPO Close
Mon, May 28, 2018
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹30.36 Cr
| IPO Date | 23 to 28 May, 2018 |
| Listed on | Tue, Jun 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 12,22,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 62,000 shares (agg. up to ₹0.4092 Cr) |
| Fresh Issue (Ex Market Maker) | 11,60,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 11,60,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 33,77,666 shares |
| Share Holding Post Issue | 45,99,666 shares |
| NSE Symbol | LATTEYS |
| ISIN | INE262Z01015 |
Latteys Industries IPO comprises a total issue size of 12,22,000 shares. The net offer to the public is 11,60,000 shares, after excluding 62,000 shares allotted on a firm basis. Of the Net offer 5,80,000 (50.00%) allocated to NII 5,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,80,000 | 50.00% | 47.46% |
| Retail Shares Offered | 5,80,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 62,000 | 5.07% | |
| Total Shares Offered | 12,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 7.47 |
| 2 | General corporate purposes | 0.10 |
The Latteys Industries IPO is subscribed 2.47 times on May 28, 2018 5:00:00 PM (Day 4). The public issue subscribed 3.74 times in the retail category, [.] times in the QIB category, and 1.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.19 | 5,80,000 | 6,92,000 |
| Retail | 3.74 | 5,80,000 | 21,70,000 |
| Total | 2.47 | 11,60,000 | 28,62,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 3.50 |
| 2 | Regulatory fees | 0.50 |
| 3 | Marketing and Other Expenses | 1.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Last Trade | ₹66.20 |
Lead Manager Reports
Latteys Industries IPO is a SME IPO of 12,22,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Wed, May 23, 2018, and closes on Mon, 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 Wed, May 23, 2018 and closes on Mon, 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 Tue, Jun 5, 2018.
