Piotex Industries Limited IPO Date, Details, Allotment, Review

Piotex Industries Limited is launching its IPO at a fixed price of Rs 14.47 crores, offering 15.4 lakh fresh shares. The subscription is open from May 10 to May 14, 2024, with allotment expected by May 15, 2024. The IPO will be listed on BSE SME on May 17, 2024, with an issue price of ₹94 per share.

For retail investors, the minimum lot size for application is 1200 shares, requiring an investment of ₹112,800. High Net Worth Individuals (HNI) need to apply for a minimum of 2 lots, a total of 2400 shares, with an investment of ₹225,600.

Piotex Industries Limited IPO Details

Piotex Industries Limited IPO Date

Piotex Industries Limited IPO opens for subscription on May 10, 2024, and closes on May 14, 2024. Allotment for the IPO is to be finalized on May 15, 2024.

Piotex Industries Limited IPO GMP Today

The Grey Market Premium (GMP) for Piotex Industries Limited IPO SME IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Piotex Industries Limited IPO’s GMP and the expected listing price. See IPO GMP Live >>

Piotex Industries Limited IPO Subscription Status

To see Piotex Industries Limited IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click the link. The Piotex Industries Limited IPO subscription window opens on May 14, 2024.

Piotex Industries Limited IPO Allotment Status

You can check the allotment status for the Piotex Industries Limited IPO by following these steps. First, click the link CAMEO CORPORATE SERVICES LIMITED Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number or Demat.

After entering the required information, click submit and view the allotment status of the IPO. This process should be done around the expected date of May 10, 2024.

Know About Piotex Industries Limited

• Piotex Industries Limited, established in 2019, specializes in contract manufacturing and trading of yarns, fabrics, and cotton bales.
• The company operates primarily in Maharashtra’s textile hubs such as Malegaon, Ichalkaranji, and Bhiwandi, where it manufactures and trades cotton bales and cotton yarn.
• Additionally, Piotex Industries supplies cotton yarn to other regions like Burhanpur and Ahmedabad.
• For the production of cotton yarn, the company has an exclusive distribution agreement with Babasaheb Deshmukh Industries Private Limited.
• One of its main business segments involves contract labour and fabric weaving, where Piotex Industries supplies yarn to contract workers and weaving mills. These entities then weave the fabric as per agreed terms and return the finished product to Piotex, which is then sold to customers.

Reference – Piotex Industries Limited RHP

Piotex Industries Limited Promoters Holding

• The company’s promoters, Mr. Abhay Shriram Asalkar and Mr. Yogesh Omprakash Nimodiya, collectively hold 100% of the shares.
• Post-issue, their shareholding will reduce to 69.83%.

Objects of the Issue IPO

1. Funding the Working Capital Requirement: ₹1051.05 Lakhs, constituting 79.51% of the net issue.
2. General Corporate Expenses: ₹270.92 Lakhs, constituting 20.49% of the net issue.

Total Net Issue Proceeds: ₹1321.97 Lakhs, representing 100.00% allocation.

Piotex Industries Limited Financial Report (Restated)

Key Performance Indicator (KPI) of Piotex Industries Limited

Peer Group Comparison with Piotex Industries Limited

There are no listed companies in India and abroad that is engaged in developing a similar line of product solution to that of Company.

Piotex Industries Limited IPO Registrar

CAMEO CORPORATE SERVICES LIMITED
No.01, Club House Road, Mount Road,
Chennai-600002, India.
Tel. No.: 044 40020700/28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Investor Grievance Email: https://wisdom.cameoindia.com

Piotex Industries Limited IPO Book Running Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com

Piotex Industries Limited Contact

Piotex Industries Limited
F/II Block, Plot No. 16/2,
M.I.D.C., Pimpri
Pune – 411018
Phone: +91-9156744401
Email: office@piotex.in
Website: https://piotex.in/

Review

May Apply