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Open
10 May 2024
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Close
14 May 2024
3
Allotment
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Listing
Fri, May 17, 2024
Price Band
₹94 per share
Issue Size
15,39,600 shares (agg. up to ₹14 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, May 17, 2024
Latest GMP
₹33
Est. Gain
35.11%
✦ AI Insight
GMP Trend
17-05-2024₹33Est. ₹127+35.11%
16-05-2024₹33Est. ₹127+35.11%
15-05-2024₹30Est. ₹124+31.91%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 107.11x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 36.11 | 17.58 | 13.85 |
| Total Income | 118.94 | 86.67 | 80.46 |
| Profit After Tax | 3.01 | 2.89 | 0.74 |
| NET Worth | 8.97 | 4.40 | 1.51 |
| Reserves and Surplus | 5.82 | 4.25 | 1.36 |
| Total Borrowing | 4.46 | 3.72 | 5.29 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
| Sahaj Fashions Ltd. | SME | ₹13.96 Cr | ₹30 | null | ₹30.35 | +1.17% | ₹11.10 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital Requirement | 10.51 |
| 2 | General Corporate Expenses | 2.71 |
About Piotex Industries IPO
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales for various purposes such as apparel and home textiles. The company also manufactures cotton yarn under an outsourcing model (job- work) The company has two main business areas: Trading in cotton bales, synthetic fibers, cotton yarns, and fabrics: The company manufactures and trades in cotton bales and cotton yarn in the textile centers of Maharashtra, namely Malegaon, Ichalkaranji and Bhiwandi. The company also supplies cotton yarn to Burhanpur and Ahmedabad. For its end product, cotton yarn, the company has entered into an exclusive distribution agreement with Babasaheb Deshmukh Industries Private Limited. Contract Labor and Fabric Weaving: Under this arrangement, the company supplies the yarn to the contract workers and the weaving mill who carry out the weaving process at a contractually agreed price and return the finished product. The finished product, i.e. the fabric, is then sold to the customers. As of March 31, 2024, the company has 18 employees on the payroll.+ Read More
Contact Details
Piotex Industries Ltd. AddressF/II Block, Plot No.16/2M.I.D.C.PimpriPune, Maharashtra, 411018+91-9156744401office@piotex.inVisit Website