Piotex Industries Ltd

Textiles

Offer Period :

10th to 5th May 2024

Piotex Industries Ltd, established in 2019, specializes in trading cotton bales, yarns, and fabrics in Maharashtra. It also operates in contract labor and fabric weaving, Read more... supplying yarn to weavers who produce fabric. With 18 employees, it focuses on quality and distribution partnerships.Read less

Piotex Industries Ltd IPO Details

IPO Date 10th to 5th May 2024 Minimum Investment ₹112800 / 1 Lots
Listing Date 2024-05-17 Maximum Investment ₹112800 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹14.47 Crores
Price ₹94 to ₹94 per share Fresh Issue ₹14.47 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 10th to 5th May 2024
Listing Date 2024-05-17
Face Value ₹10 per share
Price ₹94 to ₹94 per share
Lot Size 1 Lots (1200 Shares)
Listing At BSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹112800 / 1 Lots
Maximum Investment ₹112800 / 1 Lots
Total Issue Size ₹14.47 Crores
Fresh Issue ₹14.47 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

10th May

IPO Starts

14th May

IPO Ends

15th May

Allotment Date

16th May

Initiation of Refund

16th May

Credit of Shares to Demat Account

17th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 94.42 65.94
Public Group 5.58 34.06

Piotex Industries Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 730800(47.47%)
Retail Shares Offered 730800(47.47%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1539600
Total Shares With Anchor Investor 1539600

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Piotex Industries Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number 044 40020700/28460390
Email Id ipo@cameoindia.com
Our Website www.cameoindia.com

Piotex Industries Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Piotex Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Piotex Industries Ltd

1. Existing client relationship.

2. Committed to total customer satisfaction.

3. Excellent & competent team.

4. Technical Expertise.

5. Timely fulfilment of orders.

Risks Involved

1. The company is dependent on its vendors to procure its products and does not have any manufacturing facilities of its own. The company's business is therefore dependent to a large extent on expected performance and operation of its vendor partners.

2. The company face substantial competition in the textile business, both from Indian and international companies, which may adversely affect its revenues.

3. Any increase in the prices of its raw material and any decrease in the supply of the company raw materials, primarily cotton, will materially and adversely affect its business, results of operations and financial condition.

4. The company has entered into Sole selling and Job work Agreements with the various spinning units for manufacturing and trading the products. Any termination of such agreements may have adverse effect on its business, prospects, results of operations and financial condition.

5. The company relies on outsourcing of its production processes and activities to third-parties. Any inability to obtain sufficient quantities of processed material of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such third parties' operations and performance, could adversely affect its business, results of operations and financial condition.

6. Any failure in its quality control processes may have an adverse effect on the company's business, results of operations and financial condition.

7. Any failure on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.

8. Dependence upon third party transportation services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.

9. If the company is unable to procure raw materials, finished products and packing material of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.

10. There are outstanding legal proceedings involving its Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Piotex Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-17 544178 -
INE0R4W01015
₹94 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹94 ₹94
Open ₹109 ₹0
Low ₹108.1 ₹0
High ₹114.45 ₹0
Low ₹108.1 ₹0

Frequently Asked Questions

What is Piotex Industries Ltd IPO?

Answer Field

Piotex Industries Ltd IPO is a SME IPO of 15,39,600 equity shares of a face value of ₹10 aggregating up to ₹14.47 Crores. The issue is priced at ₹94 to ₹94 per share. The minimum order quantity is 1200 Shares. 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.

When Piotex Industries Ltd IPO will open?

Answer Field

The Piotex Industries Ltd IPO opens on May 10, 2024 and closes on May 14, 2024.

What is the lot size of Piotex Industries Ltd?

Answer Field

Piotex Industries Ltd lot size is 1200 shares, and the minimum amount required is ₹1,12,800.

How to apply for Piotex Industries Ltd IPO?

Answer Field

You can apply in Piotex Industries Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Piotex Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Piotex Industries Ltd IPO will be done on May 15, 2024, and the allotted shares will be credited to your demat account by May 16, 2024.

When is Piotex Industries Ltd IPO listing date?

Answer Field

The Piotex Industries Ltd listing date is May 17, 2024.

Who is the registrar of Piotex Industries Ltd IPO?

Answer Field

The registrar of Piotex Industries Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Piotex Industries Ltd IPO?

Answer Field

The fresh issue size is ₹14.47 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Piotex Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,12,800 amount.

How can I approve the UPI mandate request for Piotex Industries Ltd IPO?

Answer Field

To apply for Piotex Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Piotex Industries Ltd?

Answer Field

The price of each Piotex Industries Ltd share will be ranging in between ₹94 to ₹94 per share.

What is the cut-off time for the UPI mandate for Piotex Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 14, 2024.

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