Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.
Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
The Promoters of the Company are Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Goverdhan Das Lohiya HUF and Ritesh Lohiya HUF. The Promoters hold 18,87,832 equity shares representing 99.70% of the pre-issue Paid-up Capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||15.97|
The Objects of the Issue are-
1. Purchase of Plant & Machinery and related civil work;
2. Funding the working capital requirements of the Company;
3. General Corporate Purposes.
»» Issue Open: Jun 11, 2018 - Jun 13, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 700,800 Equity Shares of Rs 10 aggregating up to Rs 5.26 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 75 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: NSE SME
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