Piotex Industries IPO GMP, Review, Price, Allotment


Last updated on May 17, 2024

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

Piotex Industries IPO Details

Piotex Industries IPO Dates10 – 14 May 2024
Piotex Industries Issue PriceINR 94 per share
Fresh issue1,539,600 shares (INR 14.47 crore)
Offer For SaleNIL
Total IPO size1,539,600 shares (INR 14.47 crore)
Minimum bid (lot size)1,200 shares (INR 112,800)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Piotex Industries Financial Performance

 FY 2022FY 2023FY 2024
Net income0.742.893.01
Figures in INR Crores unless specified otherwise

Piotex Industries Offer News

Piotex Industries Valuations & Margins

FY 2022FY 2023FY 2024
PE ratio11.08
RONW (%)49.0965.6133.53
ROCE (%)50.5059.3433.20
EBITDA (%)1.434.833.22
Debt/Equity 3.490.410.50
*Compiled by IPO Central from Prospectus

Piotex Industries IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
16 May 20242625,200
15 May 20242222,700
14 May 20241716,000
13 May 20241716,000
11 May 2024108,700

Piotex Industries IPO Subscription – Live Updates

Shares Offered7,30,8007,30,80014,61,600
14 May 2024121.6693.33107.50
13 May 20241.806.093.94
10 May 20240.850.750.80

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 Date10 May 2024
IPO Closing Date14 May 2024
Finalization of Basis of Allotment15 May 2024
Initiation of refunds16 May 2024
Transfer of shares to demat accounts16 May 2024
Piotex Industries IPO Listing Date17 May 2024
Opening Price on BSE SMEINR 109 per share (up 15.96%)
Closing Price on BSE SMEINR 114.30 per share (up 21.60%)

Piotex Industries Offer Lead Manager

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

“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

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


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.


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