Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.
Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||55.62||31.09||13.98||14.09|
The Objects of the Issue are-
1. Funding the working capital requirements of the Company
2. General corporate purposes.
»» Issue Open: May 23, 2018 - May 28, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,222,000 Equity Shares of Rs 10 aggregating up to Rs 8.06 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 66 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
Latteys Industries IPO Subscription Status tells if Latteys Industries IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Latteys Industries IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||580,000||580,000||62,000||1,222,000|
|Day 1 - May 23, 2018 17:00 IST||0||336,000||20,000||-||356,000|
|Day 2 - May 24, 2018 17:00 IST||0||336,000||132,000||-||468,000|
|Day 3 - May 25, 2018 17:00 IST||0||370,000||412,000||-||782,000|
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