Latteys Industries Limited IPO (Latteys Industries IPO) Detail

May 23, 2018 - May 28, 2018

Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.

Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Objects of the Issue

The Objects of the Issue are-

1. Funding the working capital requirements of the Company
2. General corporate purposes.

Latteys Industries IPO Details

IPO Date May 23, 2018 to May 28, 2018
Listing Date Tuesday, June 5, 2018
Face Value ₹10 per share
Price ₹66 per share
Lot Size 2000 Shares
Issue Size1,222,000 shares of ₹10
(aggregating up to ₹8.06 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.

Latteys Industries IPO Lot Size

The Latteys Industries IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹132,000
Retail (Max) 1 2000 ₹132,000

Latteys Industries IPO Review

Latteys Industries SME IPO is an aggressively priced issue. There is no harm in giving this a miss. Read detail review...

Latteys Industries IPO Subscription Status (Bidding Detail)

The Latteys Industries IPO is subscribed 2.47 times on May 28, 2018 5:00:00 PM. The public issue subscribed 3.74 times in the retail category, times in the QIB category, and 1.19 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Latteys Industries IPO Prospectus

Latteys Industries IPO Rating

Rating:Rated 4.2 stars
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Latteys Industries IPO Listing Date

Listing Date Tuesday, June 5, 2018
BSE Script Code
Listing In
ISIN INE262Z01015
IPO Price ₹66 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

Latteys Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: latteys.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Latteys Industries IPO Review

Latteys Industries IPO Recommendation Summary

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Latteys Industries IPO FAQs

Latteys Industries IPO is a SME IPO of 1,222,000 equity shares of the face value of ₹10 aggregating up to ₹8.06 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000 Shares.

The IPO opens on May 23, 2018, and closes on May 28, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Latteys Industries IPO opens on May 23, 2018 and closes on May 28, 2018.

Latteys Industries IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Latteys Industries 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 Latteys Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Latteys Industries IPO allotment status.

The Latteys Industries IPO listing date is on Tuesday, June 5, 2018.
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Latteys Industries IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



11. anujsme |   Link |Jun 5, 2018 3:20:39 PM
lower circuit.,

10. anujsme |   Link |Jun 2, 2018 5:13:31 PM
avoid primary sme market
go and buy sme stocks which have good business. all new primary market sme application are being sold in s2s so mostly all will list at huge discount
9. anujsme |   Link |Jun 1, 2018 5:13:33 PM

BJP Govt doing great work

guys new record in SME.
Out of last 60 sme ipo only 9 are now above issue price and 51 are below


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power and instrumentation,narmada,vera,soni soya,ss infra,pentagold,taylormade,continental,benaara,mittal,
giriraj,yasho,uravi,tara chand,marvel,active,lex nimbule,inflame,uninifo,sarveshwar,hindcon,ckp,arvee,
tasty,southwest,loorenzi,gujarat hy spin,ashoka metcast,solex
,sks,brand concept,smvd,diggi,mrc,one point,zodiac

e2e ,megastar,,mahickra,bhhla,avg,mmp,macpower,sintercomm,focus
9.1. Umang and his ultrasonic uproar |   Link |Jun 1, 2018 8:30:19 PM
IPO Mentor IPO Mentor (600 Posts, 600+ Likes)

8. RAJAKUMAR |   Link |Jun 1, 2018 4:02:58 PM (1400+ Posts, 1200+ Likes)
Allotment out
8.1. IPOANALYSIS |   Link |Jun 1, 2018 4:21:49 PM
thank god


in this market it will be hammered.
bach gaye
7. INVESTIGATOR |   Link |May 28, 2018 4:07:50 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Subscription at 3.05 PM :
No. of times issue is subscribed in retail category      2.88
No. of times issue is subscribed      1.84
6. ankur garg |   Link |May 25, 2018 7:10:43 PM
Pantomath first issue unsubscribe.. ?? distroy self image by akshar spintex
5. uday patel |   Link |May 25, 2018 7:07:03 PM
Buy OR Not? any suggestion? Reason?
4. Adityasingh |   Link |May 18, 2018 6:29:52 PM
Dileep Sir what's your review on this ?
4.1. DownriteVJ |   Link |May 22, 2018 11:36:21 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid from Dilip Davda
3. baniya bhai |   Link |May 17, 2018 1:30:03 PM
@Admin...profit & loss figures should be in Lakshs....incorrectly mentioned as Million ....causing confusion !
2. DownriteVJ |   Link |May 17, 2018 1:14:56 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Looks good
1. share blaster |   Link |May 17, 2018 9:41:38 AM
this one is again good issue