The Latteys Industries IPO date has been confirmed from May 23, 2018 and ended on May 28, 2018. Read the post to learn about Latteys Industries IPO GMP.
Latteys Industries IPO is a fixed price issue of Rs 8.06 crores. The price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
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Key Details Of Latteys Industries IPO
Bidding Dates
May 23-28
Price Range
₹66 per share
Face Value
₹10 per share
GMP
₹34.90
Latteys Industries IPO GMP
The Latteys Industries IPO GMP Today is ₹34.90.
Latteys Industries IPO Overview
Latteys Industries’ initial public offering (IPO) has a set price of Rs 8.06 crores. The IPO bidding for Latteys Industries began on May 23, 2018 and closed on May 28, 2018. On June 5, 2018, the shares were listed on the NSE SME. The IPO price for Latteys Industries is ₹66 per share.
A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹130,000. The company currently has a production capacity of 1,59,500 pumps per year installed. It employs 76 people at its production plant and registered office.
Latteys Industries IPO Details
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,222,000 shares (aggregating up to ₹8.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 62,000 shares |
Latteys Industries IPO Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 2611.95 | 2014.35 | 1466.07 | 1255.35 | ||
| Total Revenue | 3577.44 | 2605.11 | 2153.37 | 1855.66 | ||
| Profit After Tax | 55.62 | 31.09 | 13.98 | 14.09 | ||
Latteys Industries IPO Listing Details
| Listing Date | June 5, 2018 |
| BSE Script Code | |
| NSE Symbol | LATTEYS |
| ISIN | INE262Z01015 |
| Final Issue Price | ₹66 per share |
Company Profile
Latteys Industries Limited, situated in Gujarat, was founded in 2013 and is a manufacturer of pumping solutions for the residential, agricultural, and industrial sectors. Submersible, self-priming, centrifugal, shallow, and horizontal pumps are examples of pumps. As part of its portfolio, the company makes over 700 different types of pumps. Domestic and industrial sectors both utilise these pumps extensively. Latteys Industries began manufacturing in 2004 in Chatraal, Gujarat, and in 2011 relocated to the strategic position of GIDC Naroda, Gujarat, with an area of
5,718 square metres.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Latteys Industries Limited |
| Phone number | 079-22823354 |
| Email ID | [email protected] |
| Website | latteysindustries.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Latteys Industries IPO FAQs
When Latteys Industries IPO will open?
The Latteys Industries IPO opens on May 23, 2018 and closes on May 28, 2018.
What is the lot size of Latteys Industries IPO?
Latteys Industries IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
When is Latteys Industries IPO allotment?
The finalization of Basis of Allotment for Latteys Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Latteys Industries IPO listing date?
The Latteys Industries IPO listing date is on June 5, 2018.
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