IPO - Check IPO Date, Price, Lot Size

Piotex Industries Ltd IPO

Piotex Industries Limited is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The Company manufactures the cotton bales on contract basis. It also manufactures cotton yarn through out-sourcing model (Job-work) which are almost always in demand by the garment manufacturing industry.

Piotex Industries Ltd IPO Details

Total Shares Offered

₹ 15,39,600

Offer to Public

TBA

Retail Max (Shares)

₹ 7,30,800

Pre Issue Promoters Holding

₹ 33,65,340

Exchange

BSE

Issue size

TBA

IPO Open Date

May 10, 2024

Close Date

May 14, 2024

Lot Size

1200

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

May 17, 2024

Piotex Industries Ltd IPO Dates

May 10, 2024

Opening date

May 14, 2024

Closing date

May 15, 2024

Basis of Allotment

May 16, 2024

Initiation of Refunds

May 16, 2024

Credit of Shares

May 17, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	730800
Retail	0x	730800
Employee	0x	0
Total	0x	1539600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

730800

1539600

Piotex Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	4.51	4.04	3.92
EBITDA	4.53	4.06	3.92
PAT	3.36	3.01	2.89
Total Assets	28.82	35.11	17.45
Share Capital	5.10	3.56	0.15
Total Borrowings	10.17	2.78	7.78
Operating Activities (Net Cash)	3.38	3.03	2.89
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	10.17	2.78	7.78
Net Cashflow	0.19	0.06	0.45

About Piotex Industries Ltd

Piotex Industries Limited was originally incorporated on October 24, 2019 as Piotex Industries Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently the Company was converted into Public Limited Company and name of company was changed from Piotex Industries Private Limited to Piotex Industries Limited vide fresh certificate of incorporation dated August 11, 2023 issued by the Registrar of Companies, Pune.

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, yarn, fabric to apparel. The Indian textile and apparel industry is highly diversified with a wide range of segments ranging from products of traditional handloom, handicrafts, wool, and silk products to the organized textile industry in India. The organized textile industry in India is characterized by the use of capital-intensive technology for the mass production of textile products and includes spinning, weaving, processing, and apparel manufacturing.

Peer Comparison:

No Listed Industry Peers

Piotex Industries Ltd Key Points

Strengths

Existing client relationship.

Committed to total customer satisfaction.

Excellent & competent team.

Technical Expertise.

Timely fulfilment of orders.

Risk

The company is dependent on its vendors to procure its products and does not have any manufacturing facilities of its own. The company's business is therefore dependent to a large extent on expected performance and operation of its vendor partners.

The company face substantial competition in the textile business, both from Indian and international companies, which may adversely affect its revenues.

Any increase in the prices of its raw material and any decrease in the supply of the company raw materials, primarily cotton, will materially and adversely affect its business, results of operations and financial condition.

Strategy

Develop cordial relationship with its Suppliers, Contractors, Customers and employees.

Optimal Utilization of Resources.

Enhance product quality.

To Build-Up a Professional Organization.

Leveraging its Marketing skills and Relationships.

How To Apply for Piotex Industries Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Piotex Industries Ltd IPO?

Piotex Industries Ltd's IPO offers shares for up to 14.47 It begins on May 10, 2024 and ends on May 14, 2024.

What is the price of the Piotex Industries Ltd IPO?

The price of Piotex Industries Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Piotex Industries Ltd IPO?

The Piotex Industries Ltd IPO opens on May 10, 2024 and closes on May 14, 2024.

When will the Piotex Industries Ltd IPO be allotted?

The allotment for the Piotex Industries Ltd IPO will be finalised on May 15, 2024. The shares will be listed on BSE and NSE on May 17, 2024.

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

The minimum lot size for Piotex Industries Ltd IPO is 1200 shares, priced between NA to NA per share.

What is the GMP of Piotex Industries Ltd IPO?

The GMP (Grey Market Premium) of Piotex Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Piotex Industries Ltd IPO?

To check the allotment status of Piotex Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Piotex Industries Ltd IPO getting listed?

The Piotex Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 10, 2024, and closes on May 14, 2024. The allotment is finalised on May 15, 2024.

How do you apply for the Piotex Industries Ltd IPO?

To apply for the Piotex Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.