Last updated on May 17, 2024
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.
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 |
Piotex Industries Offer News
- Piotex Industries RHP
- Piotex Industries Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
Piotex Industries IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 May 2024 | 26 | – | 25,200 |
| 15 May 2024 | 22 | – | 22,700 |
| 14 May 2024 | 17 | – | 16,000 |
| 13 May 2024 | 17 | – | 16,000 |
| 11 May 2024 | 10 | – | 8,700 |
Piotex Industries IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 7,30,800 | 7,30,800 | 14,61,600 |
| 14 May 2024 | 121.66 | 93.33 | 107.50 |
| 13 May 2024 | 1.80 | 6.09 | 3.94 |
| 10 May 2024 | 0.85 | 0.75 | 0.80 |
The market maker reservation portion of 78,000 shares is not included in the above calculations.
Piotex Industries IPO Allotment Status
Piotex Industries IPO allotment status is now 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 | INR 109 per share (up 15.96%) |
| Closing Price on BSE SME | INR 114.30 per share (up 21.60%) |
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 IPO Contact Details
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 26 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 25,200 per application.
