IPO

Piotex Industries Ltd. IPO

Piotex Industries Ltd., established in 2019, operates in the Textiles - Spinning - Cotton Blended sector. The company's IPO opened on May 10, 2024 and closed on May 14, 2024, with an issue price of ... Read more

Min Investment
₹ 1,12,800 / 1200 shares
Price Range
₹94
Bidding Dates
10 May '24 - 14 May '24
Total Issue Value
7.60 Cr
Lot Size
1,200
Total Issue Size
7.60 Cr
Listing At
BSE SME
Subscription
102.33 times
BSE Price
74.50 (-20.74%)

IPO Timeline

  • 10 May 2024
    Bidding Starts
  • 14 May 2024
    Bidding Ends
  • 15 May 2024
    Allotment Finalization
  • 17 May 2024
    Listing

About Piotex Industries Ltd.

Our company is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Our Products are used for various purposes such as garments & home furnishings, etc. We engage in trading of cotton bales. We also manufacture cotton yarn through out-sourcing model (Job-work) ... Read more

Parent organisation
Founded
Piotex Industries Ltd.
2019

Piotex Industries Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 78,000 (9.64%)
Non Institutional Investors 7,30,800 (90.36%)
Retail Individual Investors (RIIs) 7,30,800 (90.36%)

Piotex Industries Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 118.94 Cr 3.01 Cr 5.82 Cr
31 Mar 2023 86.67 Cr 2.89 Cr 4.25 Cr
31 Mar 2022 80.46 Cr 74.29 Lakh 1.36 Cr

Piotex Industries Ltd. Background

Major Events And Milestones
  • 2020
    Incorporation of the Company in the name and style of “Piotex Industries Private Limited”
  • 2024
    Converted into Public Limited Company vide fresh certificate of incorporation dated August 11, 2023.
Piotex Industries Ltd. Object of Issues

1.To Meet Working Capital Requirement
2.General Corporate Expenses
3.Public Issue Expenses

Piotex Industries Ltd. IPO Listing Details
Listing Date
17 May 2024
BSE Script Code
PIOTEX
ISIN
INE0R4W01015
Final Issue Price
₹ 94
Piotex Industries Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 94.00 -
Open ₹ 109.00 -
Low ₹ 108.10 -
High ₹ 114.45 -
Last Trade ₹ 114.30 -
Piotex Industries Ltd. Company Promoters

1. Mr. Abhay Shriram Asalkar
2. Mr. Yogesh Omprakash Nimodiya

Industry Overview

India is the 5th largest producer of technical textiles in the whole world with a market size of nearly $22 billion, which we hope to build up to $300 billion when we turn 100 by 2047.


The textiles and apparel industry in India has strengths across the entire value chain from fiber, ... Read more

Piotex Industries Ltd. Contact Details
Address: F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune Maharashtra - 411018
Phone no:9156744401
9156744401
|
Piotex Industries Ltd. IPO Registrar
Cameo Corporate Services Limited
No.1, Club House Road, Chennai (Madras) Tamil Nadu - 600002
28460390, 28460391, 28460392, 28460393, 28460394
Piotex Industries Ltd. IPO Lead Manager(s)
Beeline Capital Advisors Pvt. Ltd.
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad Gujarat - 380054
48407357

FAQs

When does Piotex Industries Ltd. IPO opens and closes?

Piotex Industries Ltd. IPO opens from 10th May to 14th May 2024.

What is the size of Piotex Industries Ltd. IPO?

The size of the Piotex Industries Ltd. IPO is ₹7.60 Cr.

What is the minimum investment and lot size required for the Piotex Industries Ltd. IPO?

The minimum investment required is ₹1,12,800 and minimum lot size is 1200 shares.

When is Piotex Industries Ltd. IPO listing date?

The Piotex Industries Ltd. IPO will be listed on 17th May 2024.

What is the objective of Piotex Industries Ltd. IPO?

1.To Meet Working Capital Requirement
2.General Corporate Expenses
3.Public Issue Expenses

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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