The Piotex Industries IPO commenced on May 10, 2024, and concluded on May 14, 2024. The allotment of shares took place on May 15, 2024, and the initiation of refunds began on May 16, 2024. The shares were credited to the demat accounts of investors on May 16, 2024. Finally, the listing of Piotex Industries on the stock exchange occurred on May 17, 2024.
The Piotex Industries IPO was priced at ₹94 per share, with a lot size of 1200 shares. The total issue size was ₹14.47 crores, comprising a fresh issue of ₹14.47 crores. The IPO was listed on the BSE SME.
Piotex Industries IPO Basic Details
| Company Name | Piotex Industries Limited |
| Domain of Company | Textiles |
| Piotex Industries IPO GMP Today | ₹20 |
| Piotex Industries IPO Listing Gain | 21.28% |
| Piotex Industries IPO Open Date | May 10, 2024 |
| Piotex Industries IPO Close Date | May 14, 2024 |
| Piotex Industries IPO Allotment Date | May 15, 2024 |
| Piotex Industries IPO Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Price | ₹94 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,539,600 shares of ₹10 (aggregating up to ₹14.47 Cr) |
| Fresh Issue | 1,539,600 shares of ₹10 (aggregating up to ₹14.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Abhay Shriram Asalkar and Mr. Yogesh Omprakash Nimodiya |
Piotex Industries IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹20 | 21.28% | – | – |
| 11 May 2024 | ₹20 | 21.28% | – | – |
Piotex IPO Details:
Piotex Industries Limited, established in 2019, specializes in making and trading yarns, fabrics, and cotton bales. These materials are used for making clothes and home textiles. The company also partners with others to produce cotton yarn.
The company mainly operates in two areas:
- Trading: Piotex deals in cotton bales, synthetic fibers, cotton yarns, and fabrics. It manufactures and trades these materials in textile hubs like Malegaon, Ichalkaranji, and Bhiwandi in Maharashtra. Additionally, it supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive agreement with Babasaheb Deshmukh Industries Private Limited to distribute its cotton yarn.
- Contract Labor and Weaving: Here, Piotex provides yarn to contract workers and weaving mills, who then weave the fabric at an agreed price. After weaving, the fabric is sold to customers.
As of March 31, 2024, Piotex Industries Limited has 18 employees.
Piotex Industries IPO More Details Click Here
Piotex Industries IPO FAQs
When is Piotex Industries IPO open?
Piotex Industries IPO will open on 10 May 2024.
When is Piotex Industries IPO Close?
Piotex Industries IPO will be closed on 14 May 2024.
What is Piotex Industries IPO GMP Today?
The Piotex Industries IPO GMP aka Grey Market Premium is ₹20.
What is Piotex Industries IPO Kostak Rates Today?
The Piotex Industries IPO Kostak Rate is ₹000.
What is Piotex Industries IPO Subject to Sauda Price Today?
The Piotex Industries IPO subject to sauda rates is ₹000.
Piotex Industries IPO Expected Returns?
The Piotex Industries expected return is 21.28%.
How much will be the listing gain in Piotex Industries IPO?
Piotex Industries IPO will get listing gain of 21.28%. (Approx.)
