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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 IST921,0001,470,0004,086,0006,477,000
Day 2 - Aug 10, 2017 17:00 IST1,698,0004,275,00019,662,00025,635,000
Day 3 - Aug 11, 2017 17:00 IST5,274,000124,443,00074,541,000204,258,000

Lexus Granito IPO Prospectus

Lexus Granito IPO Rating

245
4.0
Rating:Rated 4.0 stars

Vote Here ...

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:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 45.00
Open:Rs 53.00
Low:Rs 53.00
High:Rs 54.00
Last Trade:Rs 54.00
Volume:696,000

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
Email: info@lexustile.com
Website: http://www.lexustile.com

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
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Lexus Granito IPO Lead Manager(s)

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Lexus Granito IPO Review / Comments

avatar
140. Ravi Shah  Oct 19, 2017 2:38:37 PM IST I Like It. | Report Abuse
Allotment will be on monday
avatar
139. Ravi Shah  Oct 14, 2017 2:06:42 PM IST I Like It. | Report Abuse
listing 800+
avatar
138. Ralph  Sep 1, 2017 4:41:25 PM IST I Like It. | Report Abuse
Can anyone throw light on the valuation of lexus?
avatar
137. Kbgohil  Aug 30, 2017 7:44:28 PM IST I Like It. | Report Abuse
LEXUS KA AGALA TARGET KYA HOGA? RS. 90 K BAD RS. 180?
avatar
136. Ralph  Aug 28, 2017 11:39:59 AM IST I Like It. | Report Abuse
Again touched upper circuit at 77.80 on third trading day!!! What is in this stock soaring so high???? Can anyone share?
avatar
135. Umang ahd  Aug 24, 2017 6:29:31 PM IST I Like It. | Report Abuse
As expected the stock closes on upper circuit on very sttong volumes..it will continue higher & higher & will reach to 90 next week. So all sit tight & enjoy flight..
avatar
134. Nasirul Choudhary  Aug 23, 2017 11:35:10 PM IST I Like It. 1 | Report Abuse
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
avatar
133. Ficpl  Aug 23, 2017 11:08:53 AM IST I Like It. 5 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
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.
avatar
133.3. Ficpl  Aug 23, 2017 7:11:25 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
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.
avatar
133.4. RAJ IPO  Aug 23, 2017 8:51:02 PM IST I Like It. | Report Abuse
Dear Ficpl

What to do Lexus
Buy current rate
avatar
132. bhavik panchal  Aug 19, 2017 11:41:59 AM IST I Like It. 1 | Report Abuse
I Got 1/1 Application allotment. Feeling Lucky. Friends kindly guide me how to deal with it at the time of listing? sell... hold....?
avatar
132.2. Ralph  Aug 23, 2017 11:34:24 AM IST I Like It. 2 | Report Abuse
Bhavik pls hold and sell until the stock touches 90.
avatar
132.3. Baskaran  Aug 23, 2017 3:36:02 PM IST I Like It. | Report Abuse
hold
avatar
131. shasank  Aug 23, 2017 1:05:18 PM IST I Like It. | Report Abuse
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.
avatar
131.1. Ralph  Sep 2, 2017 1:08:50 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!!!
avatar
130. rikesh  Aug 22, 2017 10:45:58 PM IST I Like It. 1 | Report Abuse
Lexus GMP is down from 18000 to 2000.
avatar
130.1. ankur garg  Aug 23, 2017 12:39:33 PM IST I Like It. 1 | Report Abuse
if u have no knowledge please dont share your view
avatar
129. vikasdds  Aug 23, 2017 11:39:09 AM IST I Like It. | Report Abuse
ye kon bol rahi tha ke primium down 20000 to 2000
avatar
128. Ficpl  Aug 21, 2017 6:01:11 PM IST I Like It. 4 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Bid/Issue Opening Date
Wednesday,
August 09, 2017
Bid/Issue Closing Date
Friday,
August 11, 2017
Finalization of Basis of Allotment with the Designated Stock Exchange
Friday,
August 18, 2017
Initiation of Refunds
Monday,
August 21, 2017
Credit of Equity Shares to Demat Accounts of Allottees
Tuesday,
August 22, 2017
Commencement of trading of the Equity Shares on the Stock Exchange
Wednesday,
August 23, 2017


Please read page no 81 of 414 of RHP.
avatar
127. RAJ IPO  Aug 21, 2017 3:54:36 PM IST I Like It. | Report Abuse
any one credit share of lexus

I have not credit in my DP
avatar
127.1. USS  Aug 21, 2017 4:21:04 PM IST I Like It. 1 | Report Abuse
Same Here
avatar
126. Ralph  Aug 21, 2017 11:06:31 AM IST I Like It. | Report Abuse
What is the logic basis which all are bullish on Lexus?
avatar
125. Ranjth  Aug 19, 2017 11:40:15 AM IST I Like It. | Report Abuse
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.
avatar
125.1. nicks Jain  Aug 19, 2017 12:00:22 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ 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.
avatar
125.2. Ranjth  Aug 21, 2017 1:13:52 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...
avatar
124. MOHIT JAIN  Aug 20, 2017 7:22:42 PM IST I Like It. | Report Abuse
No refund yet ...how much time it take to refund...
avatar
124.1. papon  Aug 20, 2017 9:43:45 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
avatar
123. Ficpl  Aug 20, 2017 8:54:59 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
On Monday . It is written in prospectus. Listing will be @ 23
avatar
122. vikasdds  Aug 19, 2017 8:37:07 PM IST I Like It. 3 | Report Abuse
LISTING DATE 22/08/2017 TARGAT 75RS WITH IN 4 DAYS
avatar
122.1. Umang ahd  Aug 20, 2017 4:22:12 PM IST I Like It. 2 | Report Abuse
Tumhare muh me ghee-sakkar..
avatar
121. Apex  Aug 20, 2017 4:06:09 PM IST I Like It. 2 | Report Abuse
Lexus listing will b bumper with 1 st day UC..those who have got allotment..can wait for..2nd..UC..
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