Lexus Granito IPO

Lexus Granito IPO

Buisness Description – Lexus Granito is engaged in manufacturing, trading and marketing of vitrified ceramic tiles and wall tiles for the domestic and international markets. Till date we were outsourcing manufacturing of wall tiles to third party manufacturers, however recently we have set up our own wall tiles manufacturing unit at our existing facility thereby integrating our operations and strengthening our routes in the industry. Our manufacturing facility is situated at Morbi, Gujarat and is spread over more than 4 hectares. Our manufacturing facility is well equipped with requisite plant and machineries and other facilities. We also have an in-house laboratory, enabling the company to develop new colours, besides facilitating conducting of tests and analysis of various products. Our quality system with respect to manufacture of our products has been ISO 9001:2008 certified. Further we have also been issued Certificate of Compliance by UK Certification & Inspection Ltd for our quality systems covering the design, manufacture and final inspection of the products. We manufacture and market our products under the brandname ―Lexus.

Our Company has been catering to both domestic and international markets. Our revenue from domestic and export operations contributed 35.51% and 64.49% respectively of our total revenue from operations for the year ended March 31, 2017. During FY 2017, we exported our products to various countries such as Saudi Arabia, Mexico, Kuwait, Oman, etc. We have been recently been recognized as Two Star Export House by the Directorate General of Foreign Trade vide certificate dated February 08, 2017.

Promoters of Lexus Granito – Nilesh Detroja, Hitesh Detroja, Anilkumar Detroja & Pavan Blackrock Private Limited

Lexus Granito India Limited
Survey No. 800, Opp. Lakhdhirpur Village, Lakhdhirpur Road
N. H. 8A, Tal. Morbi, Lakhdhirpur,
Rajkot – 363 642

Phone: +91 7567500110
Email: [email protected]
Website: www.lexustile.com

Earnings Per Share (EPS): INR2.32

Price/Earnings (P/E) ratio: 17.67 – 19.39

Return on Net Worth (RONW): 8.56%

Net Asset Value (NAV): INR25.20 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com

Lexus Granito IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 9 August 2017

IPO Closing Date: 11 August 2017

Finalisation of Basis of Allotment: 18 August 2017

Initiation of refunds: 21 August 2017

Transfer of shares to demat accounts: 22 August 2017

Listing Date: 23 August 2017

Listing Price on NSE SME: INR53 per share (up 17.7% from IPO price)

Closing Price on NSE SME: INR54 per share (up 20% from IPO price)