Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Mon, Jun 11, 2018 - Wed, Jun 13, 2018
Priti International IPO is a fixed price issue of ₹5.26 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹5.26 crore.
Priti International IPO bidding started from Jun 11, 2018 and ended on Jun 13, 2018. The allotment for Priti International IPO was finalized on Jun 18, 2018. The shares got listed on NSE SME on Jun 21, 2018.
Priti International IPO price is ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
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 Aryaman Capital Markets Ltd..
Refer to Priti International IPO DRHP for detailed Information.
IPO Open
Mon, Jun 11, 2018
IPO Close
Wed, Jun 13, 2018
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹45.68 Cr
| IPO Date | 11 to 13 Jun, 2018 |
| Listed on | Thu, Jun 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 7,00,800 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 35,200 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2640 Cr) |
| Fresh Issue (Ex Market Maker) | 6,65,600 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 6,65,600 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 51,88,000 shares |
| Share Holding Post Issue | 60,90,400 shares |
| NSE Symbol | PRITI |
| ISIN | INE974Z01015 |
Priti International IPO comprises a total issue size of 7,00,800 shares. The net offer to the public is 6,65,600 shares, after excluding 35,200 shares allotted on a firm basis. Of the Net offer 3,32,800 (50.00%) allocated to NII 3,32,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,32,800 | 50.00% | 47.49% |
| Retail Shares Offered | 3,32,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 35,200 | 5.02% | |
| Total Shares Offered | 7,00,800 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.
Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant & Machinery & related CIVIL work | 0.70 |
| 2 | Funding working capital requirements | 2.85 |
| 3 | General corporate purposes | 0.91 |
| Total | 4.46 |
The Priti International IPO is subscribed 7.76 times on June 13, 2018 5:00:00 PM (Day 3). The public issue subscribed 8.1 times in the retail category, [.] times in the QIB category, and 7.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 7.41 | 3,32,800 | 24,67,200 |
| Retail | 8.1 | 3,32,800 | 26,96,000 |
| Total | 7.76 | 6,65,600 | 51,63,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including expenses toward printing, advertising, and payment to other intermediaries such as registrar, bankers, etc. | 0.40 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing & other Expenses | 0.30 |
| Total | 0.80 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹81.00 |
| Low | ₹81.00 |
| High | ₹83.70 |
| Last Trade | ₹81.25 |
Lead Manager Reports
Priti International IPO is a SME IPO of 7,00,800 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jun 11, 2018, and closes on Wed, Jun 13, 2018.
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 Priti International IPO using UPI as a payment gateway. Zerodha customers can apply in Priti International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Priti International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Priti International IPO opens on Mon, Jun 11, 2018 and closes on Wed, Jun 13, 2018.
Priti International IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Priti International 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 Priti International IPO will be done on Monday, June 18, 2018, and the allotted shares will be credited to your demat account by Wed, Jun 20, 2018. Check the Priti International IPO allotment status.
The Priti International IPO listing date is on Thu, Jun 21, 2018.
