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Lexus Granito IPO is a book build issue of ₹25.92 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹25.92 crore.
Lexus Granito IPO bidding started from Aug 9, 2017 and ended on Aug 11, 2017. The shares got listed on NSE SME on Aug 23, 2017.
Lexus Granito IPO price band is set at ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,23,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Lexus Granito IPO RHP for detailed Information.
| IPO Date | August 9, 2017 to August 11, 2017 |
| Listing Date | August 23, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹41 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,60,000 shares (aggregating up to ₹25.92 Cr) |
| Reserved for Market Maker | 3,00,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 54,60,000 shares (aggregating up to ₹24.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,34,30,724 shares |
| Share Holding Post Issue | 1,91,90,724 shares |
Lexus Granito IPO offers total 57,60,000 shares. Out of which 16,38,000 (28.44%) allocated to QIB, 19,11,000 (33.18%) allocated to NII, 19,11,000 (33.18%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.21%) |
| QIB Shares Offered | 16,38,000 (28.44%) |
| NII (HNI) Shares Offered | 19,11,000 (33.18%) |
| Retail Shares Offered | 19,11,000 (33.18%) |
| Total Shares Offered | 57,60,000 (100.00%) |
Lexus Granito IPO opens on August 9, 2017, and closes on August 11, 2017.
| IPO Open Date | Wed, Aug 9, 2017 |
| IPO Close Date | Fri, Aug 11, 2017 |
| Tentative Listing Date | Wed, Aug 23, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 11, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2007, Lexus Granito (India) Limited is mainly engaged in manufacturing, trading and marketing vitrified ceramic tiles and wall tiles in India and internationally. They market and sell their product under the brand name "Lexus". They offers wall, floor, and decorative elevation tiles to home owners and commercial facilities.
They were outsourcing manufacturing of wall tiles to third party manufacturers but recently they have set up their own wall tiles manufacturing unit at their existing facility which is situated at Morbi, Gujarat. They also exports its products to Saudi Arabia, Mexico, Kuwait, Oman, etc.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 16,439.35 | 9,798.09 | 5,910.54 | 6,022.14 | 6,972.31 | |
| Total Revenue | 16,473.11 | 10,226.87 | 8,090.04 | 5,925.34 | 6,365.39 | |
| Profit After Tax | 508.82 | 320.20 | 203.04 | 31.99 | 156.17 | |
The Company Lexus Granito 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 | Working Capital Requirement | 21.00 |
| 2 | General corporate purposes | 3.27 |
[Dilip Davda] Considering the prospects for tiles industry amidst more spending scenario for realty sector going forward, investment in this offer may be considered for long term. (Subscribe). Read detail review...
| Listing Date | August 23, 2017 |
| BSE Script Code | |
| NSE Symbol | LEXUS |
| ISIN | INE500X01013 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹53.00 |
| Low | ₹53.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
Lexus Granito (India) Ltd.
Survey No. 800, Opp. Lakhdhirpur Village,
Lakhdh irpur Road, N. H. 8A,
Tal. Morbi, Lakhdhirpur,
Rajkot, Gujarat, 363642
Phone: +91 7567500110
Email: info@lexustile.com
Website: http://www.lexustile.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lexus Granito IPO is a SME IPO of 57,60,000 equity shares of the face value of ₹10 aggregating up to ₹25.92 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on August 9, 2017, and closes on August 11, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lexus Granito IPO using UPI as a payment gateway. Zerodha customers can apply in Lexus Granito IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lexus Granito IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lexus Granito IPO opens on August 9, 2017 and closes on August 11, 2017.
Lexus Granito IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Lexus Granito 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 Lexus Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lexus Granito IPO allotment status.
The Lexus Granito IPO listing date is on Wednesday, August 23, 2017.
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