The Piotex Industries Limited date has been confirmed from May 10, 2024 – May 14, 2024. Read the post to learn about Piotex Industries Limited IPO GMP.
The Piotex Industries IPO is a book-built issue of
Rs 14.47 crores. The issue is entirely a fresh issue of 15.4 lakh shares.
Piotex Industries IPO opens for subscription on May 10, 2024 and closes on May 14, 2024. The allotment for the Piotex Industries IPO is expected to be finalized on Wednesday, May 15, 2024. Piotex Industries IPO will list on BSE SME with tentative listing date fixed as Friday, May 17, 2024.
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Key Details Of Piotex Industries Limited IPO
Bidding Dates
May 10-14
Price Range
₹94 per share
Face Value
₹10 per share
GMP
₹33
Piotex Industries Limited IPO GMP
The Piotex Industries Limited IPO GMP is ₹33.
IPO Overview
Piotex Industries IPO price is ₹94 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹112,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹225,600.
Piotex Industries Limited IPO Details
| IPO Date | May 10, 2024 to May 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹94 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,539,600 shares (aggregating up to ₹14.47 Cr) |
| Fresh Issue | 1,539,600 shares (aggregating up to ₹14.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,564,000 |
| Share holding post issue | 5,103,600 |
| Market Maker portion | 78,000 shares Spread X Securities |
Piotex Industries Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,610.59 | 1,757.68 | 1,385.47 |
| Revenue | 11,893.88 | 8,667.21 | 8,046.39 |
| Profit After Tax | 300.80 | 288.75 | 74.29 |
| Net Worth | 897.18 | 440.07 | 151.32 |
| Reserves and Surplus | 582.47 | 425.07 | 136.32 |
| Total Borrowing | 445.94 | 372.30 | 528.58 |
| Amount in ₹ Lakhs | |||
Piotex Industries Limited IPO Timeline
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Tuesday, May 14, 2024 |
| Basis of Allotment | Wednesday, May 15, 2024 |
| Initiation of Refunds | Thursday, May 16, 2024 |
| Credit of Shares to Demat | Thursday, May 16, 2024 |
| Listing Date | Friday, May 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2024 |
Company Profile
Piotex is a professional textile firm founded in the year 2012 by two textile technocrats who have vast experience in the field textile industry. Piotex is primarily in marketing activities related to Textile industries and is associated with leading brands of Textile Machinery and Accessories.
Throughout the years, Piotex has dedicated itself to offering dependable and long-lasting textile machine technology that enhances value and human resources. Protex has partnered with top manufacturers in the machinery and accessories industry.
Currently, PIOTEX is prepared to meet all needs for Textile Machinery and Accessories, from Ginning to Spinning to Weaving and more.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Piotex Industries Limited |
| Phone number | +91-9156744401 |
| Email ID | [email protected] |
| Website | piotex.in |
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.
Piotex Industries Limited IPO FAQs
When Piotex Industries IPO will open?
The Piotex Industries IPO opens on May 10, 2024 and closes on May 14, 2024.
What is the lot size of Piotex Industries IPO?
Piotex Industries IPO lot size is 1200 Shares, and the minimum amount required is ₹112,800.
When is Piotex Industries IPO listing date?
The Piotex Industries IPO listing date is not yet announced. The tentative date of Piotex Industries IPO listing is Friday, May 17, 2024.
