Piotex Industries Ltd IPO
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Piotex Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| 15.4 L | TBA | 7.31 L | 33.65 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 May, 24 | 14 May, 24 | 1200 | TBA | Fixed Price - SME | 17 May, 24 |
Piotex Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Cotton |
| Sub Sector | Blended |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 4639200 |
| NII | 115.32x | 730800 | 84272400 |
| Retail | 93.33x | 730800 | 68203200 |
| Employee | 0x | 0 | 0 |
| Total | 102.05x | 1539600 | 157114800 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.04 | 3.92 | 1.00 |
| EBITDA | 4.06 | 3.92 | 1.00 |
| PAT | 3.01 | 2.89 | 0.74 |
| Total Assets | 35.59 | 17.45 | 13.85 |
| Share Capital | 3.56 | 0.15 | 0.15 |
| Total Borrowings | 3.25 | 7.78 | 7.36 |
| Operating Activities (Net Cash) | 3.03 | 2.89 | 0.74 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 3.25 | 7.78 | 7.36 |
| Net Cashflow | 0.06 | 0.45 | 0.21 |
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.
- Existing client relationship.
- Committed to total customer satisfaction.
- Excellent & competent team.
- Technical Expertise.
- Timely fulfilment of orders.
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.
