Lexus Granito (India) Ltd IPO (Lexus Granito IPO) Detail

Aug 9, 2017 - Aug 11, 2017

Incorporated in 2007, Lexus Granito (India) Limited is mainly engaged in manufacturing, trading and marketing vitrified ceramic tiles and wall tiles in India and internationally. They market and sell their product under the brand name "Lexus". They offers wall, floor, and decorative elevation tiles to home owners and commercial facilities.

They were outsourcing manufacturing of wall tiles to third party manufacturers but recently they have set up their own wall tiles manufacturing unit at their existing facility which is situated at Morbi, Gujarat. They also exports its products to Saudi Arabia, Mexico, Kuwait, Oman, etc.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 16,439.35 9,798.09 5,910.54 6,022.14 6,972.31
Total Revenue 16,473.11 10,226.87 8,090.04 5,925.34 6,365.39
Profit After Tax 508.82 320.20 203.04 31.99 156.17

Objects of the Issue

The object of the issue are to:

1. Working Capital requirements;
2. General Corporate Purposes.

Lexus Granito IPO Details

IPO Date Aug 9, 2017 to Aug 11, 2017
Listing Date Wednesday, August 23, 2017
Face Value ₹10 per share
Price ₹41 to ₹45 per share
Lot Size 3000 Shares
Issue Size5,760,000 shares of ₹10
(aggregating up to ₹25.92 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

The Promoters of the Company are:

1. Nilesh Detroja;
2. Hitesh Detroja;
3. Anilkumar Detroja and
4. Pavan Blackrock Pvt Ltd

Lexus Granito IPO Lot Size

The Lexus Granito IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000

Lexus Granito IPO Review

Considering the prospects for tiles industry amidst more spending scenario for realty sector going forward, investment in this offer may be considered for long term. (Subscribe). Read detail review...

Lexus Granito IPO Subscription Status (Bidding Detail)

The Lexus Granito IPO is subscribed 37.41 times on Aug 11, 2017 5:00:00 PM. The public issue subscribed 39.01 times in the retail category, 3.22 times in the QIB category, and 65.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Lexus Granito IPO Prospectus

Lexus Granito IPO Rating

Rating:Rated 4.0 stars
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Lexus Granito IPO Listing Date

Listing Date Wednesday, August 23, 2017
BSE Script Code
Listing In
ISIN INE500X01013
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Lexus Granito (India) Ltd
Survey No. 800, Opp. Lakhdhirpur Village,
Lakhdh irpur Road, N. H. 8A,
Tal. Morbi, Lakhdhirpur, Rajkot – 363642
Phone: +91 7567500110
Email: info@lexustile.com
Website: http://www.lexustile.com

Lexus Granito IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Lexus Granito IPO Review

Lexus Granito IPO Recommendation Summary

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Lexus Granito IPO FAQs

Lexus Granito IPO is a SME IPO of 5,760,000 equity shares of the face value of ₹10 aggregating up to ₹25.92 Crores. The issue is priced at ₹41 to ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Aug 9, 2017, and closes on Aug 11, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Lexus Granito IPO opens on Aug 9, 2017 and closes on Aug 11, 2017.

Lexus Granito IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Lexus Granito 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 Lexus Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lexus Granito IPO allotment status.

The Lexus Granito IPO listing date is on Wednesday, August 23, 2017.
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Lexus Granito IPO Message Board

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140. Ravi Shah |   Link |Oct 19, 2017 2:38:37 PM
Allotment will be on monday
139. Ravi Shah |   Link |Oct 14, 2017 2:06:42 PM
listing 800+
138. Ralph |   Link |Sep 1, 2017 4:41:25 PM
Can anyone throw light on the valuation of lexus?
137. Kbgohil |   Link |Aug 30, 2017 7:44:28 PM
136. Ralph |   Link |Aug 28, 2017 11:39:59 AM
Again touched upper circuit at 77.80 on third trading day!!! What is in this stock soaring so high???? Can anyone share?
135. Umang ahd |   Link |Aug 24, 2017 6:29:31 PM
As expected the stock closes on upper circuit on very sttong volumes..it will continue higher & higher & will reach to 90 next week. So all sit tight & enjoy flight..
134. Nasirul Choudhary |   Link |Aug 23, 2017 11:35:10 PM
One can Buy this tomorrow and Hold for atleast one year. It will double your capital. Solid Company Good Profit Experience and Clean Promoter. A Vaible candidate for Main Board Transfer.
Buy And Sit back
133. Ficpl |   Link |Aug 23, 2017 11:08:53 AM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Out of 750 retail investor around 215 sold their holdings to HNIs and institutional investor. I think another 250 investor will sell their stake and than it can move further.
133.3. Ficpl |   Link |Aug 23, 2017 7:11:25 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
23-Aug-2017      LEXUS      Lexus Granito (India) Ltd      ANCHOR GLOBAL OPPORTUNITIES FUND      SELL      1,02,000      54.00      -
23-Aug-2017      LEXUS      Lexus Granito (India) Ltd      SAINATHKRIPA COMMERCIAL LLP      BUY      5,55,000      54.00

Today''s bulk deals.
133.4. RAJ IPO |   Link |Aug 23, 2017 8:51:02 PM
Dear Ficpl

What to do Lexus
Buy current rate
132. bhavik panchal |   Link |Aug 19, 2017 11:41:59 AM
I Got 1/1 Application allotment. Feeling Lucky. Friends kindly guide me how to deal with it at the time of listing? sell... hold....?
132.2. Ralph |   Link |Aug 23, 2017 11:34:24 AM
Bhavik pls hold and sell until the stock touches 90.
132.3. Baskaran |   Link |Aug 23, 2017 3:36:02 PM
131. shasank |   Link |Aug 23, 2017 1:05:18 PM
I have demat account through axis bank. I have been allotted Lexus shares. I am not able to sell them through axis direct. please guide me

I would like to know how to sell the shares.
131.1. Ralph |   Link |Sep 2, 2017 1:08:50 PM
It is listed on NSE.You have to open your trading account on NSE to sell.Meanwhile,i suggest you to hold as it is closing on upper circuit everyday!!!
130. rikesh |   Link |Aug 22, 2017 10:45:58 PM
Lexus GMP is down from 18000 to 2000.
130.1. ankur garg |   Link |Aug 23, 2017 12:39:33 PM
if u have no knowledge please dont share your view
129. vikasdds |   Link |Aug 23, 2017 11:39:09 AM
ye kon bol rahi tha ke primium down 20000 to 2000
128. Ficpl |   Link |Aug 21, 2017 6:01:11 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Bid/Issue Opening Date
August 09, 2017
Bid/Issue Closing Date
August 11, 2017
Finalization of Basis of Allotment with the Designated Stock Exchange
August 18, 2017
Initiation of Refunds
August 21, 2017
Credit of Equity Shares to Demat Accounts of Allottees
August 22, 2017
Commencement of trading of the Equity Shares on the Stock Exchange
August 23, 2017

Please read page no 81 of 414 of RHP.
127. RAJ IPO |   Link |Aug 21, 2017 3:54:36 PM
any one credit share of lexus

I have not credit in my DP
127.1. USS |   Link |Aug 21, 2017 4:21:04 PM
Same Here
126. Ralph |   Link |Aug 21, 2017 11:06:31 AM
What is the logic basis which all are bullish on Lexus?
125. Ranjth |   Link |Aug 19, 2017 11:40:15 AM
Dear Friends, i m a new person in share market could you please anyone tell me that why i m not getting allocation for Ipos.
I have tried salasar, cochin shipyard,hudco AND lexus.I tried through Federal bank ASBA.
125.1. nicks Jain |   Link |Aug 19, 2017 12:00:22 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
How Many Applications u have applied ???
As All IPO subscription were more than 5 times in Retail Category.
Means Every 5 applications, 1 got allotment.
125.2. Ranjth |   Link |Aug 21, 2017 1:13:52 AM
Thank you nicks. I had applied 6000 ,two lots Lexus.The rest all one lakhs plus.I feel that something is wrong applying.
It was showing that application uploaded into exchange and final days all the blocked money got credited again...
124. MOHIT JAIN |   Link |Aug 20, 2017 7:22:42 PM
No refund yet ...how much time it take to refund...
124.1. papon |   Link |Aug 20, 2017 9:43:45 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Money got debited on Saturday and unlien also done for non allotted applications, union bank. Listing on 23 Wednesday as per RHP
123. Ficpl |   Link |Aug 20, 2017 8:54:59 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
On Monday . It is written in prospectus. Listing will be @ 23
122. vikasdds |   Link |Aug 19, 2017 8:37:07 PM
122.1. Umang ahd |   Link |Aug 20, 2017 4:22:12 PM
Tumhare muh me ghee-sakkar..
121. Apex |   Link |Aug 20, 2017 4:06:09 PM
Lexus listing will b bumper with 1 st day UC..those who have got allotment..can wait for..2nd..UC..