Piotex Industries Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹94 - ₹94
- Lot size
- 1,200 shares
- Issue amount
- ₹14.47 cr
- Total subscription
- 107.5×
- Opens
- 10 May 2024
- Closes
- 14 May 2024
- Allotment
- 15 May 2024
- Listing
- 17 May 2024
Offer at a glance
Issue overview
- Issue size
- 15,39,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,12,800
- Fresh issue
- ₹14.47 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,12,800
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 35,64,000
- Shares after issue
- 51,03,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,12,800 |
| HNI | 2 | 2,400 | ₹2,25,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 6.87 | 641.11 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.48 | 11.67 | 3 |
| ROE | 44.99 | 97.65 | 65.11 |
| ROCE | 33.2 | 59.34 | 50.5 |
| RONW | 33.53 | 65.61 | 49.09 |
| PRE IPO(PE) | 3.73 | 0 | 0 |
| POST IPO(PE) | 11.14 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Piotex Industries Limited is a textile company specializing in contract manufacturing and trading of yarns, fabrics, and cotton bales. Operating in key textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, the company also supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for cotton yarn products. It also offers contract labor and fabric weaving services, streamlining production by supplying yarn to weaving mills and contract workers who convert it into fabric under agreed terms. With a dedicated team of 18 employees (as of March 31, 2024), Piotex continues to strengthen its presence in the textile industry through a diverse and efficient business model.
Strengths
- Strong Client Relationships – Piotex has a history of maintaining excellent customer relationships , leading to repeat orders and long-term partnerships , which gives it a competitive edge in the textile market.
- Commitment to Customer Satisfaction – The company prioritizes timely deliveries, efficient order processing, and responsive customer service , allowing it to serve a diverse customer base , including retailers and semi-wholesalers.
- Experienced and Competent Team – With a management team boasting over a decade of industry experience , Piotex is well-equipped to navigate market fluctuations, identify growth opportunities, and sustain business expansion effectively.
Risk factors
- Dependency on Vendor Performance – The company lacks in-house manufacturing and relies heavily on external vendors for procurement. Any disruptions in vendor operations could impact supply chain efficiency and business continuity.
- Intense Competition – The textile sector is highly competitive , with both domestic and international players vying for market share. This intense competition may affect revenue streams and put pressure on pricing and margins .
- Quality Control Risks – Ensuring consistent product quality is critical in the textile industry. Any lapses in quality control could result in customer dissatisfaction, reputational damage, and financial setbacks .
Promoters
Mr. Abhay Shriram Asalkar
Mr. Yogesh Omprakash Nimodiya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune - 411018
+91-9156744401
[email protected]Company website ↗Understanding PIOTEX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.