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Lexus Granito (India) Ltd IPO (Lexus Granito IPO) Detail

Aug 9, 2017 - Aug 11, 2017

Incorporated in 2007, Lexus Granito (India) Limited is mainly engaged in manufacturing, trading and marketing vitrified ceramic tiles and wall tiles in India and internationally. They market and sell their product under the brand name "Lexus". They offers wall, floor, and decorative elevation tiles to home owners and commercial facilities.

They were outsourcing manufacturing of wall tiles to third party manufacturers but recently they have set up their own wall tiles manufacturing unit at their existing facility which is situated at Morbi, Gujarat. They also exports its products to Saudi Arabia, Mexico, Kuwait, Oman, etc.

Company Promoters:

The Promoters of the Company are:

1. Nilesh Detroja;
2. Hitesh Detroja;
3. Anilkumar Detroja and
4. Pavan Blackrock Pvt Ltd

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 16,439.35 9,798.09 5,910.54 6,022.14 6,972.31
Total Revenue 16,473.11 10,226.87 8,090.04 5,925.34 6,365.39
Profit After Tax 508.82 320.20 203.04 31.99 156.17

Objects of the Issue:

The object of the issue are to:

1. Working Capital requirements;
2. General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Aug 9, 2017 - Aug 11, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 5,760,000 Equity Shares of Rs 10 aggregating up to Rs 25.92 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 41 - Rs 45 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Lexus Granito IPO Reviews:

  1. Lexus Granito (India) Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved1,728,0002,016,0002,016,0005,760,000
Day 1 - Aug 9, 2017 17:00 IST921000147000040860006477000
Day 2 - Aug 10, 2017 17:00 IST169800042750001966200025635000
Day 3 - Aug 11, 2017 17:00 IST527400012444300074541000204258000

Lexus Granito IPO Prospectus

Lexus Granito IPO Rating

Rating:Rated 4.0 stars

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Lexus Granito IPO Listing Date

  •   ›  Listing Date: Wednesday, August 23, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: LEXUS
  •   ›  Listing In:
  •   ›  ISIN: INE500X01013
  •   ›  Issue Price: Rs 45 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

Issue Price:
Last Trade:
Issue Price:Rs 45.00
Open:Rs 53.00
Low:Rs 53.00
High:Rs 54.00
Last Trade:Rs 54.00

Lexus Granito IPO News Alerts

  1. Wednesday, August 23, 2017 12:00:00 AM
    Lexus Granito (India) Ltd IPO - Listing

Company Contact Information

Lexus Granito (India) Ltd
Survey No. 800, Opp. Lakhdhirpur Village,
Lakhdh irpur Road, N. H. 8A,
Tal. Morbi, Lakhdhirpur, Rajkot – 363642
Phone: +91 7567500110
Fax: NA

Lexus Granito IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207

Lexus Granito IPO Lead Manager(s)

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Lexus Granito IPO Review / Comments

139. Ravi Shah  Oct 19, 2017 1:38:37 PM IST I Like It. | Report Abuse Reply
Allotment will be on monday
138. Ravi Shah  Oct 14, 2017 1:06:42 PM IST I Like It. | Report Abuse Reply
listing 800+
137. shasank  Aug 23, 2017 12:05:18 PM IST I Like It. | Report Abuse Reply
I have demat account through axis bank. I have been allotted Lexus shares. I am not able to sell them through axis direct. please guide me

I would like to know how to sell the shares.
137.1. Ralph  Sep 2, 2017 12:08:50 PM IST I Like It. | Report Abuse
It is listed on NSE.You have to open your trading account on NSE to sell.Meanwhile,i suggest you to hold as it is closing on upper circuit everyday!!!
136. Ralph  Sep 1, 2017 3:41:25 PM IST I Like It. | Report Abuse Reply
Can anyone throw light on the valuation of lexus?
135. Kbgohil  Aug 30, 2017 6:44:28 PM IST I Like It. | Report Abuse Reply
134. Ralph  Aug 28, 2017 10:39:59 AM IST I Like It. | Report Abuse Reply
Again touched upper circuit at 77.80 on third trading day!!! What is in this stock soaring so high???? Can anyone share?
133. Umang ahd  Aug 24, 2017 5:29:31 PM IST I Like It. | Report Abuse Reply
As expected the stock closes on upper circuit on very sttong will continue higher & higher & will reach to 90 next week. So all sit tight & enjoy flight..
132. Nasirul Choudhary  Aug 23, 2017 10:35:10 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
One can Buy this tomorrow and Hold for atleast one year. It will double your capital. Solid Company Good Profit Experience and Clean Promoter. A Vaible candidate for Main Board Transfer.
Buy And Sit back
131. Ficpl  Aug 23, 2017 10:08:53 AM IST I Like It. 5 | Report Abuse Reply
Out of 750 retail investor around 215 sold their holdings to HNIs and institutional investor. I think another 250 investor will sell their stake and than it can move further.
131.3. Ficpl  Aug 23, 2017 6:11:25 PM IST I Like It. 2 | Report Abuse
23-Aug-2017      LEXUS      Lexus Granito (India) Ltd      ANCHOR GLOBAL OPPORTUNITIES FUND      SELL      1,02,000      54.00      -
23-Aug-2017      LEXUS      Lexus Granito (India) Ltd      SAINATHKRIPA COMMERCIAL LLP      BUY      5,55,000      54.00

Today''s bulk deals.
131.4. RAJ IPO  Aug 23, 2017 7:51:02 PM IST I Like It. | Report Abuse
Dear Ficpl

What to do Lexus
Buy current rate
130. bhavik panchal  Aug 19, 2017 10:41:59 AM IST I Like It. 2 | Report Abuse Reply
I Got 1/1 Application allotment. Feeling Lucky. Friends kindly guide me how to deal with it at the time of listing? sell... hold....?
130.2. Ralph  Aug 23, 2017 10:34:24 AM IST I Like It. 2 | Report Abuse
Bhavik pls hold and sell until the stock touches 90.
130.3. Baskaran  Aug 23, 2017 2:36:02 PM IST I Like It. | Report Abuse
129. rikesh  Aug 22, 2017 9:45:58 PM IST I Like It. 1 | Report Abuse Reply
Lexus GMP is down from 18000 to 2000.
129.1. ankur garg  Aug 23, 2017 11:39:33 AM IST I Like It. 2 | Report Abuse
if u have no knowledge please dont share your view
128. vikasdds  Aug 23, 2017 10:39:09 AM IST I Like It. | Report Abuse Reply
ye kon bol rahi tha ke primium down 20000 to 2000
127. Ficpl  Aug 21, 2017 5:01:11 PM IST I Like It. 4 | Report Abuse Reply
Bid/Issue Opening Date
August 09, 2017
Bid/Issue Closing Date
August 11, 2017
Finalization of Basis of Allotment with the Designated Stock Exchange
August 18, 2017
Initiation of Refunds
August 21, 2017
Credit of Equity Shares to Demat Accounts of Allottees
August 22, 2017
Commencement of trading of the Equity Shares on the Stock Exchange
August 23, 2017

Please read page no 81 of 414 of RHP.
126. RAJ IPO  Aug 21, 2017 2:54:36 PM IST I Like It. | Report Abuse Reply
any one credit share of lexus

I have not credit in my DP
126.1. USS  Aug 21, 2017 3:21:04 PM IST I Like It. 1 | Report Abuse
Same Here
125. Ralph  Aug 21, 2017 10:06:31 AM IST I Like It. | Report Abuse Reply
What is the logic basis which all are bullish on Lexus?
124. Ranjth  Aug 19, 2017 10:40:15 AM IST I Like It. | Report Abuse Reply
Dear Friends, i m a new person in share market could you please anyone tell me that why i m not getting allocation for Ipos.
I have tried salasar, cochin shipyard,hudco AND lexus.I tried through Federal bank ASBA.
124.1. nicks Jain  Aug 19, 2017 11:00:22 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
How Many Applications u have applied ???
As All IPO subscription were more than 5 times in Retail Category.
Means Every 5 applications, 1 got allotment.
124.2. Ranjth  Aug 21, 2017 12:13:52 AM IST I Like It. | Report Abuse
Thank you nicks. I had applied 6000 ,two lots Lexus.The rest all one lakhs plus.I feel that something is wrong applying.
It was showing that application uploaded into exchange and final days all the blocked money got credited again...
123. MOHIT JAIN  Aug 20, 2017 6:22:42 PM IST I Like It. | Report Abuse Reply
No refund yet much time it take to refund...
123.1. papon  Aug 20, 2017 8:43:45 PM IST I Like It. 1 | Report Abuse
Money got debited on Saturday and unlien also done for non allotted applications, union bank. Listing on 23 Wednesday as per RHP
122. Ficpl  Aug 20, 2017 7:54:59 PM IST I Like It. 2 | Report Abuse Reply
On Monday . It is written in prospectus. Listing will be @ 23
121. vikasdds  Aug 19, 2017 7:37:07 PM IST I Like It. 3 | Report Abuse Reply
121.1. Umang ahd  Aug 20, 2017 3:22:12 PM IST I Like It. 2 | Report Abuse
Tumhare muh me ghee-sakkar..
120. Apex  Aug 20, 2017 3:06:09 PM IST I Like It. 2 | Report Abuse Reply
Lexus listing will b bumper with 1 st day UC..those who have got allotment..can wait for..2nd..UC..
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