Business description – Latteys Industries is in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by domestic and industrial sectors. The pumps are manufactured and sold wholly in India. The Company started manufacturing in year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a.  The company manufactures pumps of various sizes, structures, technicalities which forms the deciding factor for the uses and pricing of the product. Various raw materials like EC Grade, winding wire and cable, stainless steel pipe, electrical sheet stamping, etc. are procured from various industries from domestic market. Its customers are mostly dealers and direct users.
Promoters of Latteys Industries – Kapoor Chand Garg and Pawan Garg
| Latteys Industries IPO details | |
| Subscription Dates | 23 – 28 May 2018 |
| IPO Price band | INR66 per share |
| Fresh issue | 1,222,000 shares (INR8.07 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,222,000 shares (INR8.07 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements – INR7.47 crore
- General corporate purposes
- Issue expenses – INR0.50 crore
| Latteys Industries’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | ||
| Total revenue | 1,855.7 | 2,153.4 | 2,605.1 | 3,577.4 | 1,527.1 | |
| Total expenses | 1,835.1 | 2,133.3 | 2,559.4 | 3,489.3 | 1,485.2 | |
| Profit after tax | 14.1 | 14.0 | 31.1 | 55.6 | 30.5 | |
Latteys Industries’ Contact Details
Latteys Industries Limited
Plot No. 16, Phase- 1/2
GIDC Estate, Naroda
Ahmedabad 382330
Phone: +91 079 2282 3354
Email: [email protected]
Website: www.latteysindustries.com
Latteys Industries IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.29 |
| Day 2 | 0.38 |
| Day 3 | 0.64 |
| Day 4 | 2.36 |
Latteys Industries Valuation (Latest FY)
Earnings Per Share (EPS): INR1.72
Price/Earnings (P/E) ratio: 38.37
Return on Net Worth (RONW): 18.22%
Net Asset Value (NAV): INR9.45 per share
Registrar of Latteys Industries IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Latteys Industries IPO Allotment Status
Latteys Industries IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Latteys Industries
IPO Opening Date: 23 May 2018
IPO Closing Date: 28 May 2018
Listing Date: 5 June 2018
Listing Price on NSE SME: INR68 per share (up 3.03% from IPO price)
Closing Price on NSE SME: INR66.20 per share (up 0.30% from IPO price)
