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Lakhotia Polyesters IPO is a fixed price issue of Rs 5.08 crores.
Lakhotia Polyesters IPO bidding started from March 19, 2013 and ended on March 21, 2013. The shares got listed on BSE SME on April 3, 2013.
Lakhotia Polyesters IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Intensive Fiscal Services Private Limited is the book running lead manager of the Lakhotia Polyesters IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
Refer to Lakhotia Polyesters IPO RHP for detailed information.
| IPO Date | March 19, 2013 to March 21, 2013 |
| Listing Date | April 3, 2013 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,452,000 shares (aggregating up to ₹5.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,288,710 |
| Share holding post issue | 3,740,710 |
| Market Maker portion | 220,000 shares |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Mr. Madhusudan Lakhotia,
2. Mrs. Jayshree Lakhotia,
3. Mr. Shyamsunder Lakhotia,
4. Mrs. Kanchandevi Lakhotia,
5. Mr. Dhanraj Lakhotia and
6. Shyamsunder Lakhotia (HUF)
| Share Holding Pre Issue | 51.94% |
| Share Holding Post Issue |
Incorporated in 2005, Lakhotia Polyesters (India) Limited is engaged in the business of yarn manufacturing.
Lakhotia Polyesters produces Polyester Lacqured coated films, Transfer foils and M type metallic yarns, which are appropriate for textile, printing, decoration and packing industry and manufacturing of grey fabrics used in sarees and as interline cloth. The yarns produced by the Company are used for made ups in apparels, hosiery, home furnishings & garment industry.
The Company manufactures and sells metallic yarns, films and grey fabrics under the trade name ‘Lakhotia Polyesters’. Company currently has installed capacity of 450 spindles for metallic yarns with a manufacturing capacity of 144 TPA.
| KPI | Values |
|---|---|
| RoNW | 5.46% |
The object of the issue are to:
1. Augmenting of long term working capital requirement;
2. General Corporate Purposes; and
3. Issue Expenses.
[Dilip Davda]
On merchant banker's mandate performance part, this is the fifth issue and out of earlier four mandates only 1 has failed to give gains on debut. But considering diminishing top line, higher valuation and the entry barrier, one should avoid this issue.
Read detail review...
| Listing Date | April 3, 2013 |
| BSE Script Code | 535387 |
| NSE Symbol | |
| ISIN | INE191O01010 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹35.00 |
| ₹35.80 |
| ₹35.00 |
| ₹35.90 |
| ₹35.00 |
Lakhotia Polyesters (India) Ltd
158/159 Samaratha Sahkari Audyogik Vasahat,
Pimpal- Gaon (Baswant),
Tal.- Niphad, Nashik – 422209
Phone: +91 - 2550 - 252300
Email: info@lakhotiapoly.in
Website: http://www.lakhotiapoly.in
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: lakhotia.ipo@sharexindia.in
Website:
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Lakhotia Polyesters IPO is a SME IPO of 1,452,000 equity shares of the face value of ₹10 aggregating up to ₹5.08 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on March 19, 2013, and closes on March 21, 2013.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Lakhotia Polyesters IPO opens on March 19, 2013 and closes on March 21, 2013.
Lakhotia Polyesters IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
You can apply in Lakhotia Polyesters IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lakhotia Polyesters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lakhotia Polyesters IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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Dilip Davda
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Mumbai
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