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Incorporated in 2005, Lakhotia Polyesters (India) Limited is engaged in the business of yarn manufacturing.
Lakhotia Polyesters produces Polyester Lacqured coated films, Transfer foils and M type metallic yarns, which are appropriate for textile, printing, decoration and packing industry and manufacturing of grey fabrics used in sarees and as interline cloth. The yarns produced by the Company are used for made ups in apparels, hosiery, home furnishings & garment industry.
The Company manufactures and sells metallic yarns, films and grey fabrics under the trade name ‘Lakhotia Polyesters’. Company currently has installed capacity of 450 spindles for metallic yarns with a manufacturing capacity of 144 TPA.
The object of the issue are to:
1. Augmenting of long term working capital requirement;
2. General Corporate Purposes; and
3. Issue Expenses.
| Lakhotia Polyesters IPO Date | Mar 19, 2013 to Mar 21, 2013 |
| Lakhotia Polyesters IPO Face Value | ₹10 per share |
| Lakhotia Polyesters IPO Price | ₹35 per share |
| Lakhotia Polyesters IPO Lot Size | 4000 Shares |
| Issue Size | 1,452,000 shares of ₹10 (aggregating up to ₹5.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. Madhusudan Lakhotia, |
The Lakhotia Polyesters IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
On merchant banker's mandate performance part, this is the fifth issue and out of earlier four mandates only 1 has failed to give gains on debut. But considering diminishing top line, higher valuation and the entry barrier, one should avoid this issue.
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| Listing Date | Wednesday, April 3, 2013 |
| BSE Script Code | 535387 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE191O01010 |
| IPO Price | ₹35 per share |
| Face Value | ₹10 per share |
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Lakhotia Polyesters (India) Ltd
158/159 Samaratha Sahkari Audyogik Vasahat,
Pimpal- Gaon (Baswant),
Tal.- Niphad, Nashik – 422209
Phone: +91 - 2550 - 252300
Email: info@lakhotiapoly.in
Website: http://www.lakhotiapoly.in
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: lakhotia.ipo@sharexindia.in
Website: http://www.sharexindia.com
Lakhotia Polyesters IPO is a SME IPO of 1,452,000 equity shares of the face value of ₹10 aggregating up to ₹5.08 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Mar 19, 2013, and closes on Mar 21, 2013.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Lakhotia Polyesters IPO opens on Mar 19, 2013 and closes on Mar 21, 2013.
Lakhotia Polyesters IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Lakhotia Polyesters 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lakhotia Polyesters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lakhotia Polyesters IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews