Piotex Industries IPO GMP, Review, Price, Allotment

Piotex Industries IPO GMP, Review, Price, Allotment


Piotex Industries IPO GMP

Piotex Industries IPO description – Based in Pune, the company leads the market as a supplier of yarn, fabric, and cotton bales while operating on an asset-light model. These products serve multiple purposes, including garments and home furnishings. The company sells its cotton bales and yarn through an exclusive sales agreement, consistently meeting high demand from the spinning and weaving industry.

Piotex Industries primarily engages in two activities:

  • Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn, and Fabric: Established in October 2019, the company trades cotton bales and cotton yarn in Maharashtra’s textile hubs such as Malegaon, Ichalkaranji, and Bhiwandi, and supplies cotton yarn to Burhanpur and Ahmedabad. Fabric trading was added in 2022-23. Piotex Industries has an exclusive sales agreement with Babasaheb Deshmukh Industries Private Limited for cotton yarn.
  • Manufacturing Through Job Work and Fabric Weaving: The company provides yarn to job workers and weaving units, who process and return the finished fabric goods. These finished goods are then sold to customers.

Piotex Industries distributes its products to customers across various states in India, including Maharashtra, Madhya Pradesh, and Gujarat.

Piotex Industries

Promoters of Piotex Industries – Mr. Abhay Shriram Asalkar, and Mr. Yogesh Omprakash Nimodiya

Table of Contents


Piotex Industries IPO Details

Piotex Industries IPO Dates 10 – 14 May 2024

Piotex Industries Issue Price INR 94 per share

Fresh issue 1,539,600 shares (INR 14.47 crore)

Offer For Sale NIL

Total IPO size 1,539,600 shares (INR 14.47 crore)

Minimum bid (lot size) 1,200 shares (INR 112,800)

Face Value  INR 10 per share

Retail Allocation 50%

Listing On BSE SME

Piotex Industries Financial Performance

  FY 2022 FY 2023 FY 2024

Revenue 80.22 86.01 118.46

Expenses 79.47 82.75 114.92

Net income 0.74 2.89 3.01
Figures in INR Crores unless specified otherwise

Piotex Industries Offer News


Piotex Industries Valuations & Margins

FY 2022 FY 2023 FY 2024

EPS 3.00 11.67 8.48

PE ratio 11.08

RONW (%) 49.09 65.61 33.53

NAV 100.88 293.38 25.17

ROCE (%) 50.50 59.34 33.20

EBITDA (%) 1.43 4.83 3.22

Debt/Equity 3.49 0.41 0.50
*Compiled by IPO Central from Prospectus

Piotex Industries IPO GMP Today


Piotex Industries IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.


Piotex Industries IPO Allotment Status

Piotex Industries IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.


Piotex Industries IPO Dates & Listing Performance

IPO Opening Date 10 May 2024

IPO Closing Date 14 May 2024

Finalization of Basis of Allotment 15 May 2024

Initiation of refunds 16 May 2024

Transfer of shares to demat accounts 16 May 2024

Piotex Industries IPO Listing Date 17 May 2024

Opening Price on BSE SME Coming soon

Closing Price on BSE SME Coming soon

Piotex Industries Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email[email protected]
Website: www.beelinemb.com


Piotex Industries Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com


PIOTEX INDUSTRIES LIMITED
F/II Block, Plot No. 16/2, M.I.D.C.,
Pimpri, Pune, Maharashtra – 411018
Phone: +91-9156744401
E-mail: [email protected]
Website: www.piotexindustries.com


IPO FAQs

What is the Piotex Industries offer size?

Piotex Industries’ offer size is INR 14.47 crores.

What is the Piotex Industries offer price band?

Piotex Industries public offer price is INR 94 per share.

What is the lot size of the Piotex Industries IPO?

Piotex Industries offer lot size is 1,200 shares.

What is Piotex Industries IPO GMP today?

Piotex Industries IPO GMP today is INR NA per share.

What is the Piotex Industries kostak rate today?

Piotex Industries kostak rate today is INR NA per application.

What are Piotex Industries Subject to the Sauda rate today?

Piotex Industries is Subject to the Sauda rate today is INR NA per application.

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