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Lexus Granito IPO is a book built issue of Rs 25.92 crores.
Lexus Granito IPO bidding started from August 9, 2017 and ended on August 11, 2017. The shares got listed on NSE SME on August 23, 2017.
Lexus Granito IPO price band is set at ₹41 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Lexus Granito IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Lexus Granito IPO RHP for detailed information.
| IPO Date | August 9, 2017 to August 11, 2017 |
| Listing Date | August 23, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹41 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,760,000 shares (aggregating up to ₹25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 300,000 shares |
Lexus Granito IPO offers 5,760,000 shares. 1,638,000 (28.44%) to QIB, 1,911,000 (33.18%) to NII, 1,911,000 (33.18%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 300,000 (5.21%) |
| QIB Shares Offered | 1,638,000 (28.44%) |
| NII (HNI) Shares Offered | 1,911,000 (33.18%) |
| Retail Shares Offered | 1,911,000 (33.18%) |
| Total Shares Offered | 5,760,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
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.
| 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 | |
The object of the issue are to:
1. Working Capital requirements;
2. General Corporate Purposes.
[Dilip Davda] Considering the prospects for tiles industry amidst more spending scenario for realty sector going forward, investment in this offer may be considered for long term. (Subscribe). Read detail review...
The Lexus Granito IPO is subscribed 37.41 times on August 11, 2017 5:00:00 PM. The public issue subscribed 39.01 times in the retail category, 3.22 times in the QIB category, and 65.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.22 |
| NII | 65.12 |
| Retail | 39.01 |
| Total | 37.41 |
| Listing Date | August 23, 2017 |
| BSE Script Code | |
| NSE Symbol | LEXUS |
| ISIN | INE500X01013 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹53.00 |
| ₹53.00 |
| ₹54.00 |
| ₹54.00 |
Lexus Granito (India) Ltd
Survey No. 800, Opp. Lakhdhirpur Village,
Lakhdh irpur Road, N. H. 8A,
Tal. Morbi, Lakhdhirpur, Rajkot – 363642
Phone: +91 7567500110
Email: info@lexustile.com
Website: http://www.lexustile.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Lexus Granito IPO is a SME IPO of 5,760,000 equity shares of the face value of ₹10 aggregating up to ₹25.92 Crores. The issue is priced at ₹41 to ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 9, 2017, and closes on August 11, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Lexus Granito IPO opens on August 9, 2017 and closes on August 11, 2017.
Lexus Granito IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Lexus Granito IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lexus Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lexus Granito IPO allotment status.
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