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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 OpenMay 23, 2018 - May 28, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,222,000 Eq Shares of ₹10
(aggregating up to ₹8.06 Cr)
Face Value₹10 Per Equity Share
Issue Price₹66 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Latteys Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹132,000
Maximum12000₹132,000

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

Latteys Industries IPO Rating

123
4.2
Rating:Rated 4.2 stars

Vote Here ...

Latteys Industries IPO Listing Date

Listing DateTuesday, June 5, 2018
BSE Script Code
NSE SymbolLATTEYS
Listing In
ISININE262Z01015
Issue Price₹66 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Latteys Industries IPO Reviews / Ratings

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
   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 FAQs

  1. 1. What is Latteys Industries IPO?

    Latteys Industries IPO is an SME initial public offering 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.

  2. 2. When Latteys Industries IPO will open?

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

  3. 3. How to apply for Latteys Industries IPO?

    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.

  4. 4. When Latteys Industries IPO allotment?

    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.

  5. 5. When is Latteys Industries IPO listing date?

    The Latteys Industries IPO listing date is on Tuesday, June 5, 2018, at NSE SME.

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Latteys Industries IPO Review / Comments

anujsme
11. anujsme  Jun 5, 2018 14:20 I Like It. | Report Abuse
lower circuit.,

hahahah
anujsme
10. anujsme  Jun 2, 2018 16:13 I Like It. | Report Abuse
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
anujsme
9. anujsme  Jun 1, 2018 16:13 I Like It. 1 | Report Abuse

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
Umang and his ultrasonic uproar
9.1. Umang and his ultrasonic uproar  Jun 1, 2018 19:30 I Like It. | Report Abuse
Top Contributor 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.
RAJAKUMAR
8. RAJAKUMAR  Jun 1, 2018 15:02 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Allotment out
IPOANALYSIS
8.1. IPOANALYSIS  Jun 1, 2018 15:21 I Like It. | Report Abuse
thank god

0/2

in this market it will be hammered.
bach gaye
INVESTIGATOR
7. INVESTIGATOR  May 28, 2018 15:07 I Like It. | Report Abuse
Top Contributor 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
ankur garg
6. ankur garg  May 25, 2018 18:10 I Like It. | Report Abuse
Pantomath first issue unsubscribe.. ?? distroy self image by akshar spintex
uday patel
5. uday patel  May 25, 2018 18:07 I Like It. | Report Abuse
Buy OR Not? any suggestion? Reason?
Adityasingh
4. Adityasingh  May 18, 2018 17:29 I Like It. | Report Abuse
Dileep Sir what's your review on this ?
DownriteVJ
4.1. DownriteVJ  May 22, 2018 10:36 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Avoid from Dilip Davda
baniya bhai
3. baniya bhai  May 17, 2018 12:30 I Like It. 2 | Report Abuse
@Admin...profit & loss figures should be in Lakshs....incorrectly mentioned as Million ....causing confusion !
DownriteVJ
2. DownriteVJ  May 17, 2018 12:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Looks good
share blaster
1. share blaster  May 17, 2018 08:41 I Like It. | Report Abuse
this one is again good issue



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