The Lexus Granito IPO date has been confirmed to have started on August 9, 2017 and ended on August 11, 2017. Read the post to learn about Lexus Granito IPO GMP.
Using an IPO, Lexus Granito is seeking to raise Rs 25.92 crore. Its price band is set at ₹41 to ₹45 per share. The minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹135,000.
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Key Details Of Lexus Granito IPO
Bidding Dates
August 9-11
Price Range
₹41 to ₹45 per share
Face Value
₹10 per share
GMP
₹40.60
Lexus Granito IPO GMP
The Lexus Granito Limited IPO GMP Today is ₹40.60.
Lexus Granito IPO Overview
The Granito IPO by Lexus is an offer of up to 25.92 crores executed under the book-building approach. The Lexus Granito IPO book-building process began on August 9, 2017, and it lasted up to the 11th of August 2017. The shares date back to August 23, 2017, when they were listed on the NSE SME. The base IPO range at which the Lexus Granito public offering will be priced is between 41 and 45 cents per share. Today Lexus Granito Limited market GMP is Rs.40.60. An application needs to hold shares of 3000 to make this trade. “Retail investors have to put in a minimum of $ 135,000, and if their neighbour has a larger commitment, the retail investor’s return is affected,” said Gillen.
They used to look for an external partner, such as a wall-tile manufacturer but established their wall-tile manufacturing unit in their current factory in Morbi, Gujarat. Additionally, they sell to Saudi and other Arab nations like Mexico, Kuwait, Oman and others.
Lexus Granito IPO Details
| IPO Date | August 9, 2017 to August 11, 2017 |
| Listing Date | August 23, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹41 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,760,000 shares (aggregating up to ₹25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 300,000 shares |
Lexus Granito Company Financials
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 16,439.35 | 9,798.09 | 5,910.54 | 6,022.14 | 6,972.31 | |
| Total Revenue | 16,473.11 | 10,226.87 | 8,090.04 | 5,925.34 | 6,365.39 | |
| Profit After Tax | 508.82 | 320.20 | 203.04 | 31.99 | 156.17 | |
Lexus Granito IPO Listing Details
| Listing Date | August 23, 2017 |
| BSE Script Code | |
| NSE Symbol | LEXUS |
| ISIN | INE500X01013 |
| Final Issue Price | ₹45 per share |
Company Profile
Lexus Granito (India) Limited, founded in 2007, primarily manufactures, trades, and markets vitrified ceramic and wall tiles in India and globally. They market and sell their product under the “Lexus” brand. They provide homeowners and businesses with wall, floor, and decorative elevation tiles.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Lexus Granito (India) Ltd |
| Phone number | +91 7567500110 |
| Email ID | [email protected] |
| Website | lexustile.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.
Lexus Granito IPO FAQs
When Lexus Granito IPO will open?
The Lexus Granito IPO opens on August 9, 2017 and closes on August 11, 2017.
What is the lot size of Lexus Granito IPO?
Lexus Granito IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
When is Lexus Granito IPO listing date?
The Lexus Granito IPO listing date is on August 23, 2017.
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