Piotex Industries IPO Details: Piotex Industries is gearing up for a significant event as the dates for its IPO have been set. The IPO is scheduled to open on May 10th and close on May 14th, aiming to raise ₹14.47 crores through the BSE SME platform. Investors can participate in the Piotex Industries IPO at a price band of ₹94 per share, with a market lot comprising 1200 shares.
In the realm of contract manufacturing and trading of yarn, fabric, and cotton bales, Piotex Industries plays a crucial role. Their products serve various sectors, including garments and home furnishings. The company excels in manufacturing cotton bales through contractual arrangements and also outsources the production of cotton yarn, which remains in high demand within the garment manufacturing industry.
Quality is paramount for Piotex Industries, and they maintain stringent standards right from the selection of raw materials sourced from farms to the manufacturing process. With a focus on utilizing top-notch technology and ensuring competitive pricing, they foster long-term relationships with their clients. The efficiency of their job work process significantly influences productivity, machine performance, and overall profitability.
Backed by a team of skilled professionals, including project managers and quality assurance specialists, Piotex Industries boasts extensive expertise in their domains. Their commitment to continuous improvement and quality maintenance reflects in their business processes, emphasizing customer satisfaction and brand reputation.
Through effective management and strong customer relations, Piotex Industries endeavors to secure repeat orders and uphold its positive image in the industry.
Piotex Industries IPO Objectives:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Funding the Working Capital Requirement; and
- General Corporate Purpose.
Piotex Industries IPO Review (Apply or Not)
- May Apply
Piotex Industries IPO Date & Price Band Details:
| IPO Open: | 10-May-2024 |
| IPO Close: | 14-May-2024 |
| IPO Size: | Approx ₹14.47 Crores, 1,539,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹94 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Piotex Industries IPO Lot Size:
Investors eyeing the Piotex Industries IPO should note that the minimum market lot comprises 1200 shares, requiring an application amount of ₹112,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112800 |
| Retail Maximum | 1 | 1200 | ₹112800 |
| S-HNI Minimum | 2 | 2400 | ₹225600 |
Piotex Industries IPO Timeline:
Circle your calendars! The Piotex Industries IPO is set to commence on May 10th, running through May 14th. Keep an eye out for May 15th, as that’s when IPO allotments will be announced. And if all goes as planned, you can expect the IPO to hit the market on May 17th.
| IPO Open Date: | 10-May-2024 |
| IPO Close Date: | 14-May-2024 |
| Basis of Allotment: | 15-May-2024 |
| Refunds: | 16-May-2024 |
| Credit to Demat Account: | 16-May-2024 |
| IPO Listing Date: | 17-May-2024 |
Piotex Industries IPO GMP Today:
As of the latest update on May 10th, 2024, at 7:31 PM, the last Grey Market Premium (GMP) for the Piotex Industries SME IPO stands at ₹20. This suggests a potential trading premium of ₹20 per share in the grey market.
Considering the price band of ₹94.00, analysts estimate the IPO’s listing price to be around ₹114, which includes the cap price and today’s GMP. This projection indicates a potential gain or loss per share of approximately 21.28%.
Piotex Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹80.22 | ₹79.47 | ₹0.74 |
| 2023 | ₹86.01 | ₹82.75 | ₹2.89 |
| 2024 | ₹118.46 | ₹114.92 | ₹3.01 |
Piotex Industries IPO Valuation – FY2024
Check Piotex Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.48 per Equity Share |
| Price/Earning P/E Ratio: | 11.08 |
| Return on Net Worth (RoNW): | 33.53% |
| Net Asset Value (NAV): | ₹25.17 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Abhay Shriram Asalkar
- Mr. Yogesh Omprakash Nimodiya
Piotex Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Piotex Industries IPO Allotment Status
Check Piotex Industries IPO allotment status on Cameo Corporate website URL. Click Here
Piotex Industries IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Private Limited
Company Address
Piotex Industries Limited
F/II Block, Plot No. 16/2, M.I.D.C.,
Pimpri, Pune, Maharashtra – 411018
Phone: +91-9156744401
E-mail: office@piotex.in
Website: www.piotexindustries.com
