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Piotex Industries IPO is a fixed price issue of ₹14.47 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹14.47 crore.
Piotex Industries IPO bidding started from May 10, 2024 and ended on May 14, 2024. The allotment for Piotex Industries IPO was finalized on May 15, 2024. The shares got listed on BSE SME on May 17, 2024.
Piotex Industries IPO price is ₹94.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,12,800 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,25,600.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Piotex Industries IPO RHP for detailed Information.
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,39,600 shares (aggregating up to ₹14.47 Cr) |
| Reserved for Market Maker | 78,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.7332 Cr) |
| Net Offered to Public | 14,61,600 shares (aggregating up to ₹13.74 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,64,000 shares |
| Share Holding Post Issue | 51,03,600 shares |
Piotex Industries IPO offers total 15,39,600 shares. Out of which 7,30,800 (47.47%) allocated to NII, 7,30,800 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.07%) |
| NII (HNI) Shares Offered | 7,30,800 (47.47%) |
| Retail Shares Offered | 7,30,800 (47.47%) |
| Total Shares Offered | 15,39,600 (100.00%) |
Piotex Industries IPO opens on May 10, 2024, and closes on May 14, 2024.
| IPO Open Date | Fri, May 10, 2024 |
| IPO Close Date | Tue, May 14, 2024 |
| Tentative Allotment | Wed, May 15, 2024 |
| Initiation of Refunds | Thu, May 16, 2024 |
| Credit of Shares to Demat | Thu, May 16, 2024 |
| Tentative Listing Date | Fri, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 14, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,12,800 |
| Retail (Max) | 1 | 1,200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales for various purposes such as apparel and home textiles. The company also manufactures cotton yarn under an outsourcing model (job- work)
The company has two main business areas:
As of March 31, 2024, the company has 18 employees on the payroll.
Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,610.59 | 1,757.68 | 1,385.47 |
| Total Income | 11,893.88 | 8,667.21 | 8,046.39 |
| Profit After Tax | 300.80 | 288.75 | 74.29 |
| Net Worth | 897.18 | 440.07 | 151.32 |
| Reserves and Surplus | 582.47 | 425.07 | 136.32 |
| Total Borrowing | 445.94 | 372.30 | 528.58 |
| Amount in ₹ Lakhs | |||
The market capitalization of Piotex Industries IPO is ₹47.97 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 44.99% |
| ROCE | 33.20% |
| Debt/Equity | 0.50 |
| RoNW | 33.53% |
| PAT Margin | 2.54% |
| Price to Book Value | 3.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.44 | 5.89 |
| P/E (x) | 11.14 | 15.95 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It does third party contract manufacturing, which raise major concern. The sudden boost in its bottom lines from FY23 onwards appears to be a window dressing to fetch fancy valuations. This issue can be termed as “High Risk / Low Return” bet. Small post-IPO equity base indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for the medium term. Read detail review...
| Listing Date | May 17, 2024 |
| BSE Script Code | 544178 |
| NSE Symbol | |
| ISIN | INE0R4W01015 |
| Final Issue Price | ₹94 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹94.00 |
| Open | ₹109.00 |
| Low | ₹108.10 |
| High | ₹114.45 |
| Last Trade | ₹114.30 |
Piotex Industries Ltd.
F/II Block, Plot No. 16/2,
M.I.D.C.,
Pimpri
Pune, Maharashtra, 411018
Phone: +91-9156744401
Email: office@piotex.in
Website: https://piotex.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Piotex Industries IPO is a SME IPO of 15,39,600 equity shares of the face value of ₹10 aggregating up to ₹14.47 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 1200.
The IPO opens on May 10, 2024, and closes on May 14, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Piotex Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Piotex Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Piotex Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Piotex Industries IPO opens on May 10, 2024 and closes on May 14, 2024.
Piotex Industries IPO lot size is 1200, and the minimum amount required for application is ₹1,12,800.
You can apply in Piotex 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 Piotex Industries IPO will be done on Wednesday, May 15, 2024, and the allotted shares will be credited to your demat account by Thursday, May 16, 2024. Check the Piotex Industries IPO allotment status.
The Piotex Industries IPO listing date is on Friday, May 17, 2024.
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