Piotex Industries Ltd

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.

Open Demat Account

50years

Piotex Industries Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
15.4 LTBA7.31 L33.65 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
10 May, 2414 May, 241200 TBA Fixed Price - SME17 May, 24

Piotex Industries Ltd IPO Details

Piotex Industries Ltd IPO Dates

  • 10 May 2024

    Opening date

  • 14 May 2024

    Closing date

  • 15 May 2024

    Basis of
    Allotment

  • 16 May 2024

    Initiation of
    Refunds

  • 16 May 2024

    Credit of
    Shares

  • 17 May 2024

    Listing date

Details

SectorType
SectorTextiles - Cotton
Sub SectorBlended
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Piotex Industries Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations4.043.921.00
EBITDA4.063.921.00
PAT3.012.890.74
Total Assets35.5917.4513.85
Share Capital3.560.150.15
Total Borrowings3.257.787.36
Operating Activities (Net Cash)3.032.890.74
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)3.257.787.36
Net Cashflow0.060.450.21

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 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 IPO 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.

Piotex Industries Ltd IPO Key Points

  • Existing client relationship.
  • Committed to total customer satisfaction.
  • Excellent & competent team.
  • Technical Expertise.
  • Timely fulfilment of orders.
  • 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.
  • 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 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.

Get your FAQs right

Piotex Industries Ltd's IPO offers shares for up to ₹ 0 L It begins on May 10, 2024 and ends on May 14, 2024.

The price of Piotex Industries Ltd IPO ranges between ₹0 to ₹0 per share.

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

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.

The minimum lot size for Piotex Industries Ltd IPO is 1200 shares, priced between ₹0 to ₹0 per share.

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

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.'

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.

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.