Piotex Industries is in the business of contract manufacturing and trading of yarn, fabric, and cotton bales. Their Products are used for various purposes such as garments & home furnishings, etc. They manufacture the cotton bales on a contract basis. They also manufacture cotton yarn through an out-sourcing model (Work) which is almost always in demand by the garment manufacturing industry.
They ensure the consistent quality of the Cotton Yarn as from the beginning they have the power of selection and control of raw material from the farm. The company also focuses on high-quality yarn and fabrics utilizing the best technology, at the most competitive prices and maintaining long-term association with their clients. The level of advancement in the job work process determines the productivity of machines and labor, which in turn, determines the production and profitability of the Company. Their technical team is equipped with modern technology and processing techniques by which they can ensure quality output.
The company’s team of skilled professionals comprises project managers and quality assurance specialists. The vast experience and expertise in their respective domains enable them to deliver solutions that are of the highest quality and meet the highest industry standards. Their Business Process includes production & use of yarn during the manufacturing process. They endeavor to satisfy customers by continuous improvement through process innovation and quality maintenance. They focus on producing quality products to increase customer satisfaction and develop a positive brand image in the industry. Their management and team have enabled them to maintain continuing customer relations, ensuring repeat order flows.
Objects of the Issue:
- Funding the Working Capital Requirement
- General Corporate Expenses
Piotex Industries IPO Review
- May Apply
Piotex Industries IPO Date & Price Band Details
| IPO Open: | May 10, 2024 |
| IPO Close: | May 14, 2024 |
| IPO Size: | Approx ₹14.47 Crores, 1,539,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹94 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Piotex Industries IPO Market Lot
The Piotex Industries IPO minimum market lot is 1200 shares with a ₹112800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112800 |
| Retail Maximum | 1 | 1200 | ₹112800 |
| S-HNI Minimum | 2 | 2400 | ₹225600 |
Piotex Industries IPO Dates
The Piotex Industries IPO date is May 10 and the IPO close date is May 14. The IPO allotment date is May 15 and the IPO might list on May 17.
| IPO Open Date: | May 10, 2024 |
| IPO Close Date: | May 14, 2024 |
| Basis of Allotment: | May 15, 2024 |
| Refunds: | May 16, 2024 |
| Credit to Demat Account: | May 16, 2024 |
| IPO Listing Date: | May 17, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Piotex Industries IPO Form
How to apply Piotex Industries IPO? You can apply Piotex Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Piotex Industries IPO in the Invest section. The other option you can apply Piotex Industries IPO via IPO forms download via the BSE website. Check out the Piotex Industries forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Piotex Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹80.22 | ₹79.47 | ₹0.74 |
| 2023 | ₹86.01 | ₹82.75 | ₹2.89 |
| 2024 | ₹118.46 | ₹114.92 | ₹3.01 |
Piotex Industries IPO Valuation – FY2024
Check Piotex Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.48 per Equity Share |
| Price/Earning P/E Ratio: | 11.08 |
| Return on Net Worth (RoNW): | 33.53% |
| Net Asset Value (NAV): | ₹25.17 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Abhay Shriram Asalkar
- Mr. Yogesh Omprakash Nimodiya
Piotex Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-40020700
Email: [email protected]
Website: https://ipo.cameoindia.com/
Piotex Industries IPO Allotment Status
Check Piotex Industries IPO allotment status on Cameo Corporate website URL. Click Here
Piotex Industries IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Private Limited
Company Address
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
