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L.K.Mehta Polymers IPO is a fixed price issue of ₹7.38 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹7.38 crore.
L.K.Mehta Polymers IPO bidding started from Feb 13, 2025 and ended on Feb 17, 2025. The allotment for L.K.Mehta Polymers IPO was finalized on Feb 18, 2025. The shares got listed on BSE SME on Feb 21, 2025.
L.K.Mehta Polymers IPO price is ₹71.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,13,600 (1600 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,27,200.
Swastika Investmart 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 Swastika Investmart Ltd..
Refer to L.K.Mehta Polymers IPO RHP for detailed Information.
| IPO Date | February 13, 2025 to February 17, 2025 |
| Listing Date | February 21, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹71 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,40,000 shares (aggregating up to ₹7.38 Cr) |
| Reserved for Market Maker | 54,400 shares Swastika Investmart Ltd. (aggregating up to ₹0.3862 Cr) |
| Net Offered to Public | 9,85,600 shares (aggregating up to ₹7.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 38,40,000 shares |
L.K.Mehta Polymers IPO offers total 10,40,000 shares. Out of which 4,78,400 (46.00%) allocated to NII, 5,07,200 (48.77%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 54,400 (5.23%) |
| NII (HNI) Shares Offered | 4,78,400 (46.00%) |
| Retail Shares Offered | 5,07,200 (48.77%) |
| Total Shares Offered | 10,40,000 (100.00%) |
L.K.Mehta Polymers IPO opens on February 13, 2025, and closes on February 17, 2025.
| IPO Open Date | Thu, Feb 13, 2025 |
| IPO Close Date | Mon, Feb 17, 2025 |
| Tentative Allotment | Tue, Feb 18, 2025 |
| Initiation of Refunds | Wed, Feb 19, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Fri, Feb 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 17, 2025 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,13,600 |
| Retail (Max) | 1 | 1,600 | ₹1,13,600 |
| HNI (Min) | 2 | 3,200 | ₹2,27,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, L.K. Mehta Polymers Limited is engaged in trading and manufacturing of Plastic products.
The company is also involved in trading and reprocessing basic raw materials like polypropylene and polyethylene granules for various customers.
The company sells products under the brand name "Super Pack," reflecting its commitment to superior quality and building lasting customer relationships.
The company has strict systems to ensure timely delivery and minimal errors, with procedures to check orders at each stage, focusing on consistent service and customer loyalty.
Product Portfolio:
As on 25th January, 2025, the company has 21 full time employees.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11.87 | 10.49 | 7.2 | 8.23 |
| Total Income | 11.98 | 18.87 | 17.14 | 11.94 |
| Profit After Tax | 0.42 | 0.86 | -0.01 | 0.04 |
| Net Worth | 3.74 | 3.02 | 2.16 | 2.17 |
| Reserves and Surplus | 0.94 | 2.39 | 1.54 | 1.54 |
| Total Borrowing | 6.69 | 6.48 | 3.9 | 4.39 |
| Amount in ₹ Crore | ||||
The market capitalization of L.K.Mehta Polymers IPO is ₹27.26 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 28.35% |
| ROCE | 16% |
| Debt/Equity | 2.15 |
| RoNW | 28.35% |
| PAT Margin | 4.71% |
| Price to Book Value | 5.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.06 | 1.45 |
| P/E (x) | 41.04 | 48.95 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] LMPL is engaged in the trading and manufacturing of plastic products/primarily ropes and twines. It posted growth in its top lines for the reported periods, but its bottom line marked erratic movements. Based on recent financials, the issue appears exorbitantly priced. The company is operating in a highly competitive and fragmented segment. Tiny paid-up equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey bet that can be termed as “High Risk/No Return” offer. Read detail review...
| Listing Date | February 21, 2025 |
| BSE Script Code | 544366 |
| NSE Symbol | |
| ISIN | INE0FFF01017 |
| Final Issue Price | ₹71 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹71.00 |
| Open | ₹71.10 |
| Low | ₹67.54 |
| High | ₹71.10 |
| Last Trade | ₹68.29 |
L.K.Mehta Polymers Ltd.
1103/2,
Mhow-Neemuch Road,
Ratlam, 457001
Ratlam, Madhya Pradesh
Phone: +91-9669903095
Email: info@lkmehtapolymersltd.com
Website: https://lkmehtapolymersltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
L.K.Mehta Polymers IPO is a SME IPO of 10,40,000 equity shares of the face value of ₹10 aggregating up to ₹7.38 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 1600.
The IPO opens on February 13, 2025, and closes on February 17, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in L.K.Mehta Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in L.K.Mehta Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in L.K.Mehta Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The L.K.Mehta Polymers IPO opens on February 13, 2025 and closes on February 17, 2025.
L.K.Mehta Polymers IPO lot size is 1600, and the minimum amount required for application is ₹1,13,600.
You can apply in L.K.Mehta Polymers 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 L.K.Mehta Polymers IPO will be done on Tuesday, February 18, 2025, and the allotted shares will be credited to your demat account by Thursday, February 20, 2025. Check the L.K.Mehta Polymers IPO allotment status.
The L.K.Mehta Polymers IPO listing date is on Friday, February 21, 2025.
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