The Priti International IPO date has been confirmed from June 11, 2018 and ended on June 13, 2018. Read the post to learn about Priti International IPO GMP.
Priti International Developers IPO is a fixed price issue of Rs 5.26 crores. The price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Key Details Of Priti International IPO:
Bidding Dates
June 11-13
Price Range
₹75 per share
Face Value
₹10 per share
GMP
₹255.10
Priti International IPO GMP
The Priti International IPO GMP is ₹255.10.
Priti International IPO Overview
Priti International’s initial public offering (IPO) has a set price of Rs 5.26 crores. Bidding for the Priti International IPO began on June 11, 2018 and finished on June 13, 2018. On Monday, June 18, 2018, the Priti International IPO allotment was completed. On June 21, 2018, the shares were listed on the NSE SME. The IPO price for Priti International is ₹75 per share. An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum investment of ₹120,000 to participate.
The company also exports its products to customers who are working on specific projects, such as freshly constructed hotels, restaurants, bars and pubs, and so on. The company now employs 45 people. It also hires contract labourers and temporary labourers as needed.
Priti International IPO Details
| IPO Date | June 11, 2018 to June 13, 2018 |
| Listing Date | June 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 700,800 shares (aggregating up to ₹5.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 35,200 shares |
Priti International Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | ||||||
| Total Assets | 769.37 | |||||
| Total Revenue | 323.63 | |||||
| Profit After Tax | 15.97 | |||||
Priti International IPO Timeline
| IPO Open Date | Monday, June 11, 2018 |
| IPO Close Date | Wednesday, June 13, 2018 |
| Basis of Allotment | Monday, June 18, 2018 |
| Initiation of Refunds | Tuesday, June 19, 2018 |
| Credit of Shares to Demat | Wednesday, June 20, 2018 |
| Listing Date | Thursday, June 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 13, 2018 |
Company Profile
Priti International Limited, situated in Jodhpur, was founded in 2017 and is a manufacturer and exporter of handicraft products. It also produces wooden, metal, and textile-based furniture and handicrafts, as well as upcycling and recycling of many types of raw, useless, and waste metal and wooden objects. The Company’s products include solid wood and metal furniture, home furnishings, inventive wooden and metal articles for a variety of functions, textile-based products such as cushions, pillow covers, rugs and carpets, purses, travel bags and
backpacks, pet products, and so on. Priti Lohiya, one of the Company’s promoters, established the handicraft business M/s. Priti International, a proprietary organisation, in the year 2002 at facilities in Basni and Boranada in Jodhpur, Rajasthan. On November 11, 2017, M/s. Priti International’s operating business was bought by Priti International Limited. Priti foreign primarily serves foreign markets. It sells items to wholesalers and retailers in Spain, Belgium, Holland, the Netherlands, Turkey, England, China, Greece, and Germany, among other places.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Priti International Limited |
| Phone number | 0291- 2435699 |
| Email ID | [email protected] |
| Website | pritiinternationalltd.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.
Priti International IPO FAQs
When Priti International IPO will open?
The Priti International IPO opens on June 11, 2018 and closes on June 13, 2018.
What is the lot size of Priti International IPO?
Priti International IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
When is Priti International IPO allotment?
The finalization of Basis of Allotment for Priti International IPO will be done on Monday, June 18, 2018, and the allotted shares will be credited to your demat account by Wednesday, June 20, 2018.
When is Priti International IPO listing date?
The Priti International IPO listing date is on June 21, 2018.
