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 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.

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

Issue Open	May 23, 2018 - May 28, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	1,222,000 Eq Shares of Rs 10 (aggregating up to Rs 8.06 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 66 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME

Latteys Industries IPO Subscription Status (Bidding Detail)

Latteys Industries IPO how much subscribed?
	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

Latteys Industries IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Latteys Industries IPO Rating

123

4.2

Rating:

Vote Here ...

Latteys Industries IPO Listing Date

› Listing Date: Tuesday, June 5, 2018
› BSE Script Code:
› NSE Symbol: LATTEYS
› Listing In:
› ISIN: INE262Z01015
› Issue Price: Rs 66 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 66.00
Open:	Rs 68.00
Low:	Rs 64.60
High:	Rs 68.00
Last Trade:	Rs 66.20
Volume:	278,000

Latteys Industries IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

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

Latteys Industries IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: latteys.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Latteys Industries IPO Lead Manager(s)

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED » Report

Lead Manager Reports

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Latteys Industries IPO Review / Comments

11. anujsme Jun 5, 2018 14:20

lower circuit.,

hahahah

10. anujsme Jun 2, 2018 16:13

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 disocunt

9. anujsme Jun 1, 2018 16:13

1 |

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

DOWN

sirca,innovators,five core, uhzaveri,mileston,softech,godha,akshar,dhruv,dr alachandani,akaash,garv,
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

UP
e2e ,megastar,,mahickra,bhhla,avg,mmp,macpower,sintercomm,focus

9.1. Umang and his ultrasonic uproar Jun 1, 2018 19:30

Top Contributor (400+ Posts, 500+ Likes)

Nice work ANUJSME. LISTING GAIN IN SME IS A THING OF PAST. NOW GET READY TO LOSE 10 TO 15 % AFTER LISTING.

ANUJ HAS SHOWN HOW THINGS HAVE CHANGED.

8. RAJAKUMAR Jun 1, 2018 15:02

IPO Mentor (800+ Posts, 500+ Likes)

Allotment out

8.1. IPOANALYSIS Jun 1, 2018 15:21

thank god

0/2

in this market it will be hammered.
bach gaye

7. INVESTIGATOR May 28, 2018 15:07

Top Contributor (200+ 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 May 25, 2018 18:10

Pantomath first issue unsubscribe.. ?? distroy self image by akshar spintex

5. uday patel May 25, 2018 18:07

Buy OR Not? any suggestion? Reason?

4. Adityasingh May 18, 2018 17:29

Dileep Sir what's your review on this ?

4.1. DownriteVJ May 22, 2018 10:36

1 |

IPO Guru (1000+ Posts, 700+ Likes)

Avoid from Dilip Davda

3. baniya bhai May 17, 2018 12:30

2 |

@Admin...profit & loss figures should be in Lakshs....incorrectly mentioned as Million ....causing confusion !

2. DownriteVJ May 17, 2018 12:14