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Latteys Industries IPO is a fixed price issue of Rs 8.06 crores.
Latteys Industries IPO bidding started from May 23, 2018 and ended on May 28, 2018. The shares got listed on NSE SME on June 5, 2018.
Latteys Industries IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Latteys Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Latteys Industries IPO RHP for detailed information.
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,222,000 shares (aggregating up to ₹8.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 62,000 shares |
Latteys Industries IPO offers 1,284,000 shares. 580,000 (45.17%) to NII, 580,000 (45.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 62,000 (4.83%) |
| Other Shares Offered | 580,000 (45.17%) |
| Retail Shares Offered | 580,000 (45.17%) | Other Shares Offered | 62,000 (4.83%) |
| Total Shares Offered | 1,284,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| Lot Size Calculator | |||
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.
[Dilip Davda] 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) |
|---|---|
| Other | 1.19 |
| Retail | 3.74 |
| Total | 2.47 |
| Listing Date | June 5, 2018 |
| BSE Script Code | |
| NSE Symbol | LATTEYS |
| ISIN | INE262Z01015 |
| Final Issue Price | ₹66 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹66.00 |
| ₹68.00 |
| ₹64.60 |
| ₹68.00 |
| ₹66.20 |
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/initial_offer/public-issues.html
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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 amount required is ₹132,000.
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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