What you must know about Piotex Industries IPO?
by 5paisa Research Team
08 May 2024
Piotex IPO Details
- Open Date 10-May-24
- Close Date 14-May-24
- Lot Size 1200
- IPO Size ₹ 14.47 Cr
- IPO Price Range ₹ 94
- Min Investment ₹ 112,800
- Listing Exchange BSE SME
- Basis of Allotment 15-May-24
- Refunds 16-May-24
- Credit to Demat Account 16-May-24
- Listing Date 17-May-24
Piotex Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-May-24 | - | 0.77 | 0.75 | 0.80 |
| 13-May-24 | - | 1.61 | 6.05 | 3.87 |
| 14-May-24 | - | 115.21 | 93.33 | 107.44 |
Piotex IPO Synopsis
Last Updated: 14th May, 2024 by 5paisa
Piotex Industries IPO is all set to open from 10th May to 14th May 2024. Protex Industries Limited specializes in contract manufacturing and trading of yarns, fabrics and cotton bales for diverse purposes including apparel and home textiles. The IPO includes a fresh issue of 15,39,600 shares worth ₹14.47 cr. The share allotment date is 15th May 2024 and the IPO will be listed on 17th May 2024 on the stock exchanges. The price band is ₹94 and the lot size is 1200 shares.
Beeline Capital Advisors Private Limited is the book running lead manager for Piotex IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Piotex Industries IPO
Piotex Industries plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements
● General Corporate Purposes.
Piotex Industries IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 14.47 |
| Offer for sale | - |
| Fresh issue | 14.47 |
Piotex Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹112,800 |
| Retail (Max) | 1 | 1200 | ₹112,800 |
| HNI (Min) | 2 | 2400 | ₹225,600 |
Piotex Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Market Maker | 1 | 78,000 | 78,000 | 0.73 |
| NII | 115.21 | 7,30,800 | 8,41,94,400 | 791.43 |
| Retail | 93.33 | 7,30,800 | 6,82,03,200 | 641.11 |
| Total | 107.44 | 14,61,600 | 15,70,36,800 | 1,476.15 |
About Piotex Industries
Established in 2019, Piotex Industries Limited focuses on contract manufacturing and trading of yarns, fabrics, and cotton bales, catering to apparel and home textiles. It operates primarily in Maharashtra's textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, while also serving markets in Burhanpur and Ahmedabad. As of March 31, 2024, Piotex Industries Limited employs 18 individuals.
For More Information:
Webstory on Piotex Industries IPO
Piotex Industries Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 118.93 | 86.67 | 80.46 |
| EBITDA | 3.80 | 4.15 | 1.14 |
| PAT | 3.00 | 2.88 | 0.74 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 36.10 | 17.57 | 13.85 |
| Share Capital | 3.56 | 0.15 | 0.15 |
| Total Borrowings | 4.45 | 3.72 | 5.28 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.43 | 2.82 | -3.48 |
| Net cash from / (used in) investing activities | -0.42 | -0.12 | 0.0015 |
| Net cash flow from / (used in) financing activities | 2.46 | 1.58 | -0.87 |
| Net increase (decrease) in cash and cash equivalents | -0.39 | -0.23 | -0.79 |
Piotex IPO Key Points
-
Strengths
1. Experienced Promoters and management.
2. Ensuring top-notch product quality and customer service.
3. Utilizing in-house R&D and a dedicated tool room for ongoing new product development.
-
Risks
1. The company operates on a B2B model, serving a select group of customers. Any decision by these customers to seek products elsewhere could impact the company's business and opera-tions.
2. The company's business relies heavily on working capital, and if it can't secure funds for this, it could harm its operations.
Piotex
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Piotex IPO FAQs
When does the Piotex Industries IPO opens and closes?
Piotex Industries IPO opens from 10th May to 14th May 2024.
What is the size of Piotex Industries IPO?
The size of Piotex Industries IPO is ₹14.47 Cr.
How to apply for Piotex Industries IPO?
To apply for Piotex Industries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Piotex Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Piotex Industries IPO?
The price band of Piotex Industries IPO is fixed at ₹94 per share.
What is the minimum lot size and investment required for Piotex Industries IPO?
The minimum lot size is 1200 shares and the investment required is ₹112,800.
What is the allotment date of Piotex Industries IPO?
The share allotment date of Piotex Industries IPO is 15th May 2024.
What is Piotex Industries IPO listing date?
The Piotex Industries IPO will be listed on 17th May 2024.
Who are the book runners for Piotex Industries IPO?
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Piotex Industries IPO.
What is the objective of the issue?
Piotex Industries plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements
● General Corporate Purposes.
Contact Details of Piotex Industries IPO
Contact Information
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/
Piotex Industries IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Piotex Industries IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
Piotex IPO Related Articles
