The Lexus Granito IPO date has been confirmed to have started on August 9, 2017 and ended on August 11, 2017.
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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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 is ₹40.60.
IPO Overview
The Lexus Granito IPO is a book-built offering for Rs 25.92 crores. Bidding for the Lexus Granito IPO began on August 9, 2017 and closed on August 11, 2017. On August 23, 2017, the shares were listed on the NSE SME. The Lexus Granito IPO pricing range is set at 41 to 45 cents per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of $135,000.
They previously outsourced the manufacture of wall tiles to third-party producers, but they recently established their own wall tile manufacturing unit at their existing factory in Morbi, Gujarat. They also sell to Saudi Arabia, Mexico, Kuwait, Oman, and other countries.
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 tiles and wall tiles in India and globally. They market and sell their product under the “Lexus” brand. They provide wall, floor, and decorative elevation tiles to homeowners and businesses.
Registrar Info
Name | Bigshare Services Pvt Ltd |
Phone number | +91-22-6263 8200 |
Email ID | ipo@bigshareonline.com |
Website | ipo.bigshareonline.com |
Contact Details
Name | Lexus Granito (India) Ltd |
Phone number | +91 7567500110 |
Email ID | info@lexustile.com |
Website | lexustile.com |
IPO Strenghts
- 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.