Business description – Priti International is primarily engaged in manufacturing and exporting of Handicraft Products. The company also deals in manufacturing of wooden, metal and textile based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. Its products range from solid wooden and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc. The company sells its products in the international market. It exports its products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. Apart from them, it also exports products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
Promoters of Priti International – Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Goverdhan Das Lohiya – HUF and Ritesh Lohiya – HUF
| Priti International IPO details | |
| Subscription Dates | 11 – 13 June 2018 |
| IPO Price band | INR75 per share |
| Fresh issue | 700,800 shares (INR5.26 crore) |
| Offer for sale | Nil |
| Total IPO size | 700,800 shares (INR5.26 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Purchase of plant & machinery and related civil work – INR0.70 crore
- Working capital requirements – INR2.85 crore
- General corporate purposes
- Public issue expenses
| Priti International’s financial performance (in INR lakh) | ||||||
| 9M FY2018 | ||||||
| Total revenue | 323.6 | |||||
| Total expenses | 302.1 | |||||
| Profit after tax | 16.0 | |||||
Priti International’s Contact Details
Priti International Limited
Plot No. F-43
Basni Ist Phase
Jodhpur – 342001
Phone: +91 0291 2435699
Email: [email protected]
Website: www.pritiinternationalltd.com
Priti International IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.06 |
| Day 2 | 0.23 |
| Day 3 | 7.36 |
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Priti International Valuation (For 9M FY2018, not annualized)
Earnings Per Share (EPS): INR3.47
Price/Earnings (P/E) ratio: 21.61
Return on Net Worth (RONW): 3.99%
Net Asset Value (NAV): INR21.13 per share
Registrar of Priti International IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Priti International IPO Allotment Status
Priti International IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Priti International
IPO Opening Date: 11 June 2018
IPO Closing Date: 13 June 2018
Listing Date: 21 June 2018
Listing Price on NSE SME: INR81 per share (up 8% from IPO price)
Closing Price on NSE SME: INR81.1 per share (up 8.13% from IPO price)
