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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.
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 |
The Objects of the Issue are-
1. Funding the working capital requirements of the Company
2. General corporate purposes.
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 Size | 1,222,000 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. |
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 SME IPO is an aggressively priced issue. There is no harm in giving this a miss. Read detail review...
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)
Category | Subscription (times) |
---|---|
NII | 1.19 |
Retail | 3.74 |
Total | 2.47 |
Listing Date | Tuesday, June 5, 2018 |
BSE Script Code | |
NSE Symbol | LATTEYS |
Listing In | |
ISIN | INE262Z01015 |
IPO Price | ₹66 per share |
Face Value | ₹10 per share |
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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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: latteys.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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.
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anujsme| Link |Jun 5, 2018 3:20:39 PMhahahah