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Latteys Industries Limited IPO (Latteys Industries IPO) Detail

May 23, 2018 - May 28, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Objects of the Issue:

The Objects of the Issue are-

1. Funding the working capital requirements of the Company
2. General corporate purposes.

Issue Detail:

  »»  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 Reviews / Recommendations:

Dilip Davda - Avoid

 

Latteys Industries IPO Subscription Status / Live Bidding Status

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.

Latteys Industries IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved0580,000580,00062,0001,222,000
Day 1 - May 23, 2018 17:00 IST0336,00020,000-356,000
Day 2 - May 24, 2018 17:00 IST0336,000132,000-468,000
Day 3 - May 25, 2018 17:00 IST0370,000412,000-782,000

Latteys Industries IPO Prospectus

Latteys Industries IPO Rating

120
4.2
Rating:Rated 4.2 stars

Vote Here ...

Latteys Industries IPO News Alerts

  1. Monday, May 28, 2018 12:00:00 AM
    Latteys Industries IPO Closes on May 28, 2018
  2. Wednesday, May 23, 2018 12:00:00 AM
    Latteys Industries IPO Opens on May 23, 2018

Company Contact Information

Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Fax:
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

Latteys Industries IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: latteys.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Latteys Industries IPO Lead Manager(s)

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Latteys Industries IPO Review / Comments

avatar
6. ankur garg  May 25, 2018 6:10:43 PM IST I Like It. | Report Abuse Reply
Pantomath first issue unsubscribe.. ?? distroy self image by akshar spintex
avatar
5. uday patel  May 25, 2018 6:07:03 PM IST I Like It. | Report Abuse Reply
Buy OR Not? any suggestion? Reason?
avatar
4. Adityasingh  May 18, 2018 5:29:52 PM IST I Like It. | Report Abuse Reply
Dileep Sir what's your review on this ?
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4.1. DownriteVJ  May 22, 2018 10:36:21 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Avoid from Dilip Davda
avatar
3. baniya bhai  May 17, 2018 12:30:03 PM IST I Like It. 2 | Report Abuse Reply
@Admin...profit & loss figures should be in Lakshs....incorrectly mentioned as Million ....causing confusion !
avatar
2. DownriteVJ  May 17, 2018 12:14:56 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Looks good
avatar
1. share blaster  May 17, 2018 8:41:38 AM IST I Like It. | Report Abuse Reply
this one is again good issue
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