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Priti International IPO is a fixed price issue of Rs 5.26 crores.
Priti International IPO bidding started from June 11, 2018 and ended on June 13, 2018. The allotment for Priti International IPO was finalized on Monday, June 18, 2018. The shares got listed on NSE SME on June 21, 2018.
Priti International IPO 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.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Priti International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Priti International IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 5,188,000 |
| Share holding post issue | 6,090,400 |
| Market Maker portion | 35,200 shares |
Priti International IPO offers 736,000 shares. 332,800 (45.22%) to NII, 332,800 (45.22%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 35,200 (4.78%) |
| Other Shares Offered | 332,800 (45.22%) |
| Retail Shares Offered | 332,800 (45.22%) | Other Shares Offered | 35,200 (4.78%) |
| Total Shares Offered | 736,000 (100%) |
Priti International IPO opens on June 11, 2018, and closes on June 13, 2018.
| 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 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.
Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
| 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 | |||||
The Objects of the Issue are-
1. Purchase of Plant & Machinery and related civil work;
2. Funding the working capital requirements of the Company;
3. General Corporate Purposes.
[Dilip Davda]
Considering fully priced issue from new sector company having inconsistency in bottom line, cash surplus investors may consider investment at their own risk.
Read detail review...The Priti International IPO is subscribed 7.76 times on June 13, 2018 5:00:00 PM. The public issue subscribed 8.10 times in the retail category, times in the QIB category, and 7.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 7.41 |
| Retail | 8.10 |
| Total | 7.76 |
| Listing Date | June 21, 2018 |
| BSE Script Code | |
| NSE Symbol | PRITI |
| ISIN | INE974Z01015 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹81.00 |
| ₹81.00 |
| ₹83.70 |
| ₹81.25 |
Priti International Limited
Plot No. F-43
Basni Ist Phase,
Jodhpur, 342001
Phone: 0291- 2435699
Email: info@pritiinternationalltd.com
Website: http://www.pritiinternationalltd.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Priti International IPO is a SME IPO of 700,800 equity shares of the face value of ₹10 aggregating up to ₹5.26 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on June 11, 2018, and closes on June 13, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Priti International IPO opens on June 11, 2018 and closes on June 13, 2018.
Priti International IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Priti International 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 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. Check the Priti International IPO allotment status.
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