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SME IPO Status: Listed [10th May 2024 to 14th May 2024]
Piotex Industries IPO, a SME IPO of ₹14.47 Cr was launced on 10-05-2024 to 14-05-2024 and the shares got listed on BSE SME on 17-05-2024.
The public issue of Piotex Industries IPO (544178) was offered at ₹94.00 per share and the ipo was listed at ₹109.00. It has delivered listing gain of 15.96%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 18000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 10th May 2024 |
| SME IPO Issue Closing Date: | 14th May 2024 |
| SME IPO Issue Price: | ₹94.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹14.47 Cr |
| Fresh Issue: | ₹14.47 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 69.83% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544178 |
Get important updates regarding Piotex Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 15th May 2024 |
| Refunds Initiation* | 16th May 2024 |
| Credit of Shares to Demat* | 16th May 2024 |
| SME IPO Listing Date* | 17th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹94.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹112800 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-05-2024 | 94.00 | 33 | 30100 | ₹127 (35.11%) | 17-May-2024 10:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Piotex Industries Limited was established in 2019 and is engaged in contract manufacturing and trading of yarns, fabrics and cotton bales. Their products are used for various purposes like garments and home textiles etc. They are engaged in trading of cotton bales. They also contract manufacture cotton yarns which are almost always in demand in the garment industry.
The company is mainly active in 2 business areas:
The Company's business process involves the production and use of yarn during the manufacturing process. The company strives to satisfy its customers through continuous improvement through process innovation and quality maintenance. The company focuses on producing quality products to increase customer satisfaction and develop a positive brand image in the industry.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Yarn, Fabric and Cotton bales | ₹14.47 Cr | https://piotex.in/ |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 730,800 (50%) | 730,800 (50%) | 1,461,600 | |
| 1 | 10th May 2024 19:04 | 0.77x | 0.75x | 0.80x |
| 2 | 13th May 2024 19:04 | 1.61x | 6.05x | 3.87x |
| 3 | 14th May 2024 18:21 | 115.21x | 93.33x | 107.44x |
Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,610.59 | 1,757.68 | 1,385.47 |
| Revenue | 11,893.88 | 8,667.21 | 8,046.39 |
| Profit After Tax | 300.80 | 288.75 | 74.29 |
| Net Worth | 897.18 | 440.07 | 151.32 |
| Reserves and Surplus | 582.47 | 425.07 | 136.32 |
| Total Borrowing | 445.94 | 372.30 | 528.58 |
| Amount in ₹ Lakhs | |||
Last Updated on 20-May-2024 00:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Piotex Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Piotex Industries SME IPO with Zerodha.
Alternate approch to apply in Piotex Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Piotex Industries SME IPO Review and Important Updates
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To subscribe or apply in Piotex Industries SME IPO, you can use the following methods:
| Piotex Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Piotex Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Piotex Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Piotex Industries SME IPO. Most of the Syndicate Banks provide access to apply in Piotex Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Piotex Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Piotex Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Piotex Industries SME IPO Review and Important Updates
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Piotex Industries SME IPO is going to be list on 17-05-2024. BSE Code for Piotex Industries is 544178.
Other relevant questions:
When Piotex Industries SME IPO will be listing? Piotex Industries SME IPO BSE listing date?Piotex Industries SME IPO date of listing
Piotex Industries SME IPO Allotment Date is 15-05-2024.
Other relevant questions:
Piotex Industries SME IPO share allotment date?Piotex Industries SME IPO allotment date?
