L.K.Mehta Polymers Ltd IPO
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L.K.Mehta Polymers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 10.4 L | TBA | ₹ 4.93 L | ₹ 28 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 13 Feb, 25 | 17 Feb, 25 | 1600 | TBA | Fixed Price - SME | 21 Feb, 25 |
L.K.Mehta Polymers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 42.99x | 492800 | 21187200 |
| Retail | 46.25x | 492800 | 22793600 |
| Employee | 0x | 0 | 0 |
| Total | 42.29x | 1040000 | 43980800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
L.K.Mehta Polymers Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1.13 | 0.11 | 0.25 |
| EBITDA | 1.25 | 0.22 | 0.36 |
| PAT | 0.86 | -0.01 | 0.04 |
| Total Assets | 9.39 | 6.22 | 7.09 |
| Share Capital | 0.63 | 0.63 | 0.63 |
| Total Borrowings | 8.63 | 5.39 | 6.59 |
| Operating Activities (Net Cash) | 0.98 | 0.10 | 0.15 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 8.63 | 5.39 | 6.59 |
| Net Cashflow | 0.11 | 0.01 | 0.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About L.K.Mehta Polymers Ltd
Our Company was originally incorporated as Public Limited, under the Companies Act, 1956 (Companies Act) in the name and style of L.K.Mehta Polymers Limited on January 02nd, 1995 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gwalior, Madhya Pradesh with a object to acquire and takeover the existing proprietorship business of a sole proprietorship as going concern carried by Suresh Kumar Mehta in the name and style as `Sajjan Plastic Industries'. As on date of this Prospectus the Corporate Identification Number of our Company is U25206MP1995PLC008901.
India Rope Market registered a growth of 0.24% in value shipments in 2022 as compared to 2021 and an increase of 10.51% CAGR in 2022 over a period of 2017. In Rope Market India is becoming less competitive as HHI index in 2022 was 1566 while in 2017 it was 1122. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Rope Market. India Rope market currently, in 2023, has witnessed an HHI of 1628, which has decreased substantially as compared to the HHI of 2919 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Our company is actively involved in the trading and manufacturing of comprehensive array of Plastic products, addressing the diverse needs of our discerning customers. Our product line is specifically designed to encompass a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, packaging twine (sutli).
Peer Comparison:
- No Listed Industry peers
L.K.Mehta Polymers Ltd IPO Key Points
Strengths
- Experienced Promoters.
- Generational Management.
- Quality Service.
- High Level of Customer Satisfaction.
- Existing Client Relationship.
Risk
- Our Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability.
- Our Company is dependent on few States. Loss of any of this large States may affect our business operations.
- Our Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect our business operations.
Strategy
- Focus on dealing in quality standard products.
- Develop cordial relationship with our Suppliers, Customer and employees.
- Diversification- addition in our Geographical reach.
- Experienced Promoters.
- Generational Management.
- Quality Service.
- High Level of Customer Satisfaction.
- Existing Client Relationship.
How To Apply for L.K.Mehta Polymers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
