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.
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.
| 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 - May 28, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,222,000 Eq Shares of ₹10 (aggregating up to ₹8.06 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹66 Per Equity Share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹132,000 |
| Maximum | 1 | 2000 | ₹132,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 580,000 | 580,000 | 1,160,000 |
May 28, 2018 17:00 | 1.19x | 3.74x | 2.47x |
| Listing Date | Tuesday, June 5, 2018 |
| BSE Script Code | |
| NSE Symbol | LATTEYS |
| Listing In | |
| ISIN | INE262Z01015 |
| IPO Price | ₹66 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: latteys.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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 price of the IPO is ₹66 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Latteys Industries IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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