Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Fri, May 10, 2024 - Tue, May 14, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, May 10, 2024
IPO Close
Tue, May 14, 2024
Issue Price
₹94 per share
Market Cap (Pre-IPO)
₹47.97 Cr
| IPO Date | 10 to 14 May, 2024 |
| Listed on | Fri, May 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,39,600 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 78,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.7332 Cr) |
| Fresh Issue (Ex Market Maker) | 14,61,600 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 14,61,600 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 35,64,000 shares |
| Share Holding Post Issue | 51,03,600 shares |
| BSE Script Code | 544178 |
| ISIN | INE0R4W01015 |
Piotex Industries IPO comprises a total issue size of 15,39,600 shares. The net offer to the public is 14,61,600 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,30,800 (50.00%) allocated to NII 7,30,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,30,800 | 50.00% | 47.47% |
| Retail Shares Offered | 7,30,800 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.07% | |
| Total Shares Offered | 15,39,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 36.11 | 17.58 | 13.85 |
| Total Income | 118.94 | 86.67 | 80.46 |
| Profit After Tax | 3.01 | 2.89 | 0.74 |
| NET Worth | 8.97 | 4.40 | 1.51 |
| Reserves and Surplus | 5.82 | 4.25 | 1.36 |
| Total Borrowing | 4.46 | 3.72 | 5.29 |
| 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 Requirement | 10.51 |
| 2 | General Corporate Expenses | 2.71 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 8.44 | 5.89 |
| P/E (x) | 11.14 | 15.95 |
| Promoter Holding | 100.00% | 69.83% |
| Market Cap | ₹47.97 Cr. |
The Piotex Industries IPO is subscribed 107.44 times on May 14, 2024 6:19:06 PM (Day 3). The public issue subscribed 93.33 times in the retail category, [.] times in the QIB category, and 115.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 115.21 | 7,30,800 | 8,41,94,400 |
| Retail | 93.33 | 7,30,800 | 6,82,03,200 |
| Total | 107.44 | 14,61,600 | 15,70,36,800 |
Total Application : 72,024
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.22 |
| 2 | Brokerage, selling commission and upload fees | 0.03 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.08 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.85 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹94.00 |
| Open | ₹109.00 |
| Low | ₹108.10 |
| High | ₹114.45 |
| Last Trade | ₹114.30 |
Lead Manager Reports
Piotex Industries IPO is a SME IPO of 15,39,600 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 1200.
The IPO opens on Fri, May 10, 2024, and closes on Tue, 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 Fri, May 10, 2024 and closes on Tue, 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 Thu, May 16, 2024. Check the Piotex Industries IPO allotment status.
The Piotex Industries IPO listing date is on Fri, May 17, 2024.
