Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Thu, Feb 13, 2025 - Mon, Feb 17, 2025
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 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 for investment in 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 Open
Thu, Feb 13, 2025
IPO Close
Mon, Feb 17, 2025
Issue Price
₹71 per share
Market Cap (Pre-IPO)
₹27.26 Cr
| IPO Date | 13 to 17 Feb, 2025 |
| Listed on | Fri, Feb 21, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹71 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,40,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 54,400 shares Swastika Investmart Ltd. (agg. up to ₹0.3862 Cr) |
| Fresh Issue (Ex Market Maker) | 9,85,600 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 9,85,600 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 38,40,000 shares |
| BSE Script Code | 544366 |
| ISIN | INE0FFF01017 |
L.K.Mehta Polymers IPO comprises a total issue size of 10,40,000 shares. The net offer to the public is 9,85,600 shares, after excluding 54,400 shares allotted on a firm basis. Of the Net offer 4,78,400 (48.54%) allocated to NII 5,07,200 (51.46%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,78,400 | 48.54% | 46.00% |
| Retail Shares Offered | 5,07,200 | 51.46% | 48.77% |
| Firm Reservations | |||
| Market Maker Shares Offered | 54,400 | 5.23% | |
| Total Shares Offered | 10,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 | 7.20 | 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 | 3.90 | 4.39 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirement | 5.34 |
| 2 | General Corporate Purpose | 1.34 |
| 3 | To Public Issue Expenses | 0.70 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 3.06 | 1.45 |
| P/E (x) | 41.04 | 48.95 |
| Promoter Holding | 100% | 72.92% |
| Market Cap | ₹27.26 Cr. |
The L.K. Mehta Polymers IPO is subscribed 44.57 times on February 17, 2025 6:54:51 PM (Day 3). The public issue subscribed 46.25 times in the retail category, [.] times in the QIB category, and 42.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 42.88 | 4,92,800 | 2,11,32,800 | 0 |
| Retail | 46.25 | 4,92,800 | 2,27,93,600 | 0 |
| Total | 44.57 | 9,85,601 | 4,39,26,400 | 25,077 |
Total Application : 25,077
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.20 |
| 2 | Fees Payable to Registrar to the Issue. | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses. | 0.36 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries. | 0.04 |
| 5 | Fees payable to Peer Review Auditor. | 0.02 |
| 6 | Fees Payable to Market Maker (for Two Years). | 0.06 |
| 7 | Escrow Bank Fees. | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹71.00 |
| Open | ₹71.10 |
| Low | ₹67.54 |
| High | ₹71.10 |
| Last Trade | ₹68.29 |
Lead Manager Reports
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 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Feb 13, 2025, and closes on Mon, Feb 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 Thu, Feb 13, 2025 and closes on Mon, Feb 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 Thu, Feb 20, 2025. Check the L.K.Mehta Polymers IPO allotment status.
The L.K.Mehta Polymers IPO listing date is on Fri, Feb 21, 2025.
