L.K. Mehta Polymers IPO Subscribed overall 44.57 times on the last day, a retail quota was subscribed over 46.25 times, NII was subscribed over 42.88 times, and QIB was 0.00 respectively.
Details About L.K. Mehta Polymers IPO
L.K. Mehta Polymers got approval from SEBI for an IPO of around ₹7.38 crores. L.K. Mehta Polymers IPO is fully a fresh issue of ₹7.38 crores with a face value of Rs 10 each. Further, L.K. Mehta Polymers had a set price band between ₹71 Per Share.
In L.K. Mehta Polymers IPO 1,600 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 3200 shares were in 2 lot sizes for the S-HNI category.
To invest in L.K. Mehta Polymers IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,13,600.
- SHNI (S-HNI): Minimum investment of ₹2,27,200.
L.K. Mehta Polymers IPO’s Subscription Duration
L.K. Mehta Polymers IPO was started on February 13, 2025, and closed on February 17th, 2025.
The L.K. Mehta Polymers IPO’s allotment date was February 18, 2025, and they received a refund on February 19, 2025. While L.K. Mehta Polymers’ listing date is February 20, 2025.
L.K. Mehta Polymers IPO Funds Deployment
- The company will utilize the funds to obtain the necessary incremental working capital requirement to help the company grow more.
- While the remaining funds will be used for the company’s General Corporate Purpose.
About L.K. Mehta Polymers Company
Incorporated in 1995, L.K. Mehta is one of the leading companies renowned for manufacturing and selling plastic products. The company’s main focus is to satisfy its customer’s needs by providing them with a comprehensive range of plastic products. Monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine (sutli) are some of the products the company sells. Additionally, the company also manufactures and sells raw materials like polypropylene granules and polyethylene granules. L.K. Mehts Polymers sells its products under the Super Pack brand with a commitment to providing superior quality of building a strong relationship with its customers. This company has unique work as it maintains adaptability regarding technologies and time management.
Financial Resort of the L.K. Mehta Polymers Company
The company reported revenue of ₹18.87 crores in 2024 against ₹17.14 crores in 2023. The company reported a profit of ₹0.86 crores in 2024 against a loss of ₹0.01 crores in 2023.
