Piotex Industries Limited IPO (Piotex Industries IPO)

Piotex Industries Limited IPO
Upcoming Piotex Industries IPO | New Piotex Industries IPO

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.

Piotex Industries IPO

Piotex Industries IPO – Details

IPO Opening Date10 May 2024
IPO Closing Date14 May 2024
Issue TypeFixed Price Issue IPO
Issue Size15,39,600 Shares Worth ₹14.47 Crore
Fresh Issue: 15,39,600 Shares Worth ₹14.47 Crore
Face Value₹10 per equity share
IPO Price₹94
Market Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtBSE SME
RegisterCameo Corporate Services Limited
Retail Shares Offered50%
Other Shares Offered50%

Piotex Industries IPO – Date Schedule

IPO Open Date10 May 2024
IPO Close Date14 May 2024
Basis of Allotment15 May 2024
Initiation of Refund16 May 2024
Credit of Shares to Demat Account16 May 2024
IPO Listing Date17 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 14, 2024

Piotex Industries IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,12,800
Retail (Maximum)11200₹1,12,800
HNI (Minimum)22400₹2,25,600

Competitive Strengths

  • Existing client relationship.
  • Committed to total customer satisfaction.
  • Excellent & competent team.
  • Technical Expertise.
  • Timely fulfilment of orders.

Company Promoters

  • Mr. Abhay Shriram Asalkar
  • Mr. Yogesh Omprakash Nimodiya

Object Of The Issue

  • Funding the Working Capital Requirement; and
  • General Corporate Purpose.
Piotex Industries IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202280.4679.460.745.28
31 March 202386.6782.752.883.72
31 March 2024118.93114.913.004.45
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)2.54
EPS (Rs)8.445.89
P/E (x)11.1415.95

Piotex Industries IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding69.83%

Piotex Industries IPO Prospectus

Company Contact Information

Piotex Industries Limited

F/II Block, Plot No. 16/2,
M.I.D.C., Pimpri
Pune – 411018

Phone: +91-9156744401
Email: office@piotex.in

Piotex Industries IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: ipo@cameoindia.com

Piotex Industries IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Piotex Industries IPO FAQs

Piotex Industries IPO FAQs
What is Piotex Industries IPO?

Piotex Industries IPO is a SME IPO. The issue is priced at ₹94 per equity share. The IPO is to be listed on BSE SME.
When Piotex Industries IPO will open?

The IPO is to open on 10 May 2024 for Retails – 50% and Others – 50% Investors.
How to Piotex Industries IPO?

You can apply for Piotex Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Piotex Industries IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Piotex Industries”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the Piotex Industries IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Piotex Industries”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Piotex Industries IPO Size?

Piotex Industries IPO size is ₹14.47 crores.
What is Piotex Industries IPO Price Band?

Piotex Industries IPO Price Band is ₹94.
What is Piotex Industries IPO Minimum and Maximum Lot Size?

The minimum bid is 1200 Shares with ₹1,12,800 amount while the maximum bid is 1200 shares with ₹1,12,800.
What is the Piotex Industries IPO Allotment Date?

Piotex Industries IPO allotment date is  15 May 2024.
What is the Piotex Industries IPO Listing Date?

Piotex Industries IPO listing date is 17 May 2024. The IPO is to list on BSE SME.
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