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Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.
Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | ||||||
| Total Assets | 769.37 | |||||
| Total Revenue | 323.63 | |||||
| Profit After Tax | 15.97 | |||||
The Objects of the Issue are-
1. Purchase of Plant & Machinery and related civil work;
2. Funding the working capital requirements of the Company;
3. General Corporate Purposes.
| IPO Date | Jun 11, 2018 to Jun 13, 2018 |
| Listing Date | Thursday, June 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | 700,800 shares of ₹10 (aggregating up to ₹5.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The Promoters of the Company are Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Goverdhan Das Lohiya HUF and Ritesh Lohiya HUF. The Promoters hold 18,87,832 equity shares representing 99.70% of the pre-issue Paid-up Capital of the Company. |
Priti International IPO opens on Jun 11, 2018, and closes on Jun 13, 2018. The Priti International IPO bid date is from Jun 11, 2018 10.00 A.M. to Jun 13, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jun 11, 2018 |
| Closing Date | Jun 13, 2018 |
| Basis of Allotment | Jun 18, 2018 |
| Initiation of Refunds | Jun 19, 2018 |
| Credit of Shares to Demat | Jun 20, 2018 |
| Listing Date | Jun 21, 2018 |
The Priti International IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
Considering fully priced issue from new sector company having inconsistency in bottom line, cash surplus investors may consider investment at their own risk.
Read detail review...The Priti International IPO is subscribed 7.76 times on Jun 13, 2018 5:00:00 PM. The public issue subscribed 8.10 times in the retail category, times in the QIB category, and 7.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 7.41 |
| Retail | 8.10 |
| Total | 7.76 |
| Listing Date | Thursday, June 21, 2018 |
| BSE Script Code | |
| NSE Symbol | PRITI |
| Listing In | |
| ISIN | INE974Z01015 |
| IPO Price | ₹75 per share |
| Face Value | ₹10 per share |
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Priti International Limited
Plot No. F-43
Basni Ist Phase,
Jodhpur, 342001
Phone: 0291- 2435699
Email: info@pritiinternationalltd.com
Website: http://www.pritiinternationalltd.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Priti International IPO is a SME IPO of 700,800 equity shares of the face value of ₹10 aggregating up to ₹5.26 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on Jun 11, 2018, and closes on Jun 13, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Priti International IPO opens on Jun 11, 2018 and closes on Jun 13, 2018.
Priti International IPO lot size is 1600 Shares and the minimum order quantity is .
You can apply in Priti International 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Priti International IPO will be done on Jun 18, 2018, and the allotted shares will be credited to your demat account by Jun 20, 2018. Check the Priti International IPO allotment status.
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