Piotex Industries SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

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.

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Status
Listed
Biding Dates
10 May - 14 May 2024
Price Range
₹ 94
Issue Size
₹ 14.47 crore
Listed Price
₹10915.96%

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:
    1. 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.
    2. 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.

IPO Docs

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.

FieldsDetails
IPO Dates10 May - 14 May 2024
IPO Price Band₹ 94 per share
Fresh IssueUpto 15,39,600 Shares
Offer For SaleNIL
Total IPO Size₹ 14.47 crore
Face Value₹ 10
Listing OnBSE

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.

EventDate
IPO Opening Date10 May 2024
IPO Closing Date14 May 2024
Basis Of Allotment15 May 2024
Refunds16 May 2024
Demat Transfer16 May 2024
IPO Listing Date17 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 Ended31st March 202131st March 202231st March 2023Mar 2024
Total Income54.4380.4686.67118.94
Total Expenses53.6179.4682.75114.92
Net Profit/Loss0.600.742.893.01
NPM (*)1.100.933.362.54
Total Assets4.8213.8517.5836.11
Total Liabilities4.0512.3413.1826.72

* 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 Ended31st March 202131st March 202231st March 2023Mar 2024
EPS2.483.0011.678.48
ROE (%)149.4965.1197.6544.99
ROCE (%)38.0050.5059.3433.20
D/E Ratio2.873.490.410.50
Current Ratio2.071.251.851.53
EBITDA MARGIN (%)1.661.434.833.22

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

No listed peers available for comparison.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)0
Non-Institutional Investor (NII/HNI)115.21
Retail Individual Investor (RII)93.33
Total107.44

* 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.

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