Piotex Industries SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Piotex Industries IPO. Explore Piotex Industries IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Piotex Industries Limited is a dynamic player in the textile industry, specializing in contract manufacturing and trading of cotton yarn, fabric, and cotton bales. Established in October 2019, the company has quickly made its mark in the textile hubs of Maharashtra and beyond, with a focus on quality and innovation.
Key Points:
- Business Model: Piotex operates through two main activities:
- Trading: The company trades cotton bales, synthetic fiber, cotton yarn, and fabric across key textile markets in Maharashtra, including Malegaon, Ichalkaranji, and Bhiwandi, and extends its reach to Burhanpur and Ahmedabad.
- Manufacturing: Utilizing an outsourcing model, Piotex engages in job work and fabric weaving, providing yarn to job workers and weaving units who return the finished fabric for sale.
- Inception and Conversion: Originally incorporated as Piotex Industries Private Limited in October 2019, the company later converted into a public limited company in August 2023.
- Quality Assurance: The company ensures consistent quality in its cotton yarn by controlling the selection of raw materials from ginning. It focuses on producing high-quality yarn and fabric at competitive prices, maintaining long-term associations with clients.
- Management and Leadership: The company's management team, led by experienced promoters Mr. Abhay Shriram Asalkar and Mr. Yogesh Omprakash Nimodiya, plays a crucial role in determining corporate strategy and planning. With each promoter having 25 years of experience in the textile industry, their leadership has been instrumental in shaping the vision and growth strategies of Piotex Industries Limited.
Objects of the Issue
- Funding the Working Capital Requirement
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 May - 14 May 2024 |
| IPO Price Band | ₹ 94 per share |
| Fresh Issue | Upto 15,39,600 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 14.47 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 May 2024 |
| IPO Closing Date | 14 May 2024 |
| Basis Of Allotment | 15 May 2024 |
| Refunds | 16 May 2024 |
| Demat Transfer | 16 May 2024 |
| IPO Listing Date | 17 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Mar 2024 |
|---|---|---|---|---|
| Total Income | 54.43 | 80.46 | 86.67 | 118.94 |
| Total Expenses | 53.61 | 79.46 | 82.75 | 114.92 |
| Net Profit/Loss | 0.60 | 0.74 | 2.89 | 3.01 |
| NPM (*) | 1.10 | 0.93 | 3.36 | 2.54 |
| Total Assets | 4.82 | 13.85 | 17.58 | 36.11 |
| Total Liabilities | 4.05 | 12.34 | 13.18 | 26.72 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Mar 2024 |
|---|---|---|---|---|
| EPS | 2.48 | 3.00 | 11.67 | 8.48 |
| ROE (%) | 149.49 | 65.11 | 97.65 | 44.99 |
| ROCE (%) | 38.00 | 50.50 | 59.34 | 33.20 |
| D/E Ratio | 2.87 | 3.49 | 0.41 | 0.50 |
| Current Ratio | 2.07 | 1.25 | 1.85 | 1.53 |
| EBITDA MARGIN (%) | 1.66 | 1.43 | 4.83 | 3.22 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 115.21 |
| Retail Individual Investor (RII) | 93.33 |
| Total | 107.44 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- MR. ABHAY SHRIRAM ASALKAR
- MR. YOGESH OMPRAKASH NIMODIYA
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Piotex Industries Limited
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune Maharashtra - 411018, India.
Phone: +91-9156744401
Email: office@piotex.in
Website: www.piotexindustries.com
FAQs
- What is the issue size of the Piotex Industries SME IPO?The Piotex Industries SME IPO has an issue size of ₹ 14.47 crore. This includes a fresh issue of Upto 15,39,600 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Piotex Industries IPO?The price band for the Piotex Industries IPO is ₹ 94 per share.
- What are the bidding dates for the Piotex Industries IPO?The Piotex Industries IPO will open for bidding on 10 May 2024 and close on 14 May 2024.
- What is the allotment date for the Piotex Industries IPO?The allotment date for the Piotex Industries IPO is 15 May 2024.
- What is the listing date for the Piotex Industries IPO?The listing date for the Piotex Industries IPO is 17 May 2024.
- What is the Piotex Industries IPO grey market premium?The grey market premium (GMP) for the Piotex Industries IPO is currently at ₹33, with an expected listing gain of approximately 35.11%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.