LK Mehta Polymers IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for LK Mehta Polymers Limited IPO started on Feb 13, 2025, and concluded on Feb 17, 2025. The basis of allotment will be finalised today, Feb 18, 2025. Know the procedure to check the allotment status on BSE’s website.

Steps to Check LK Mehta Polymers IPO Allotment Status on BSE

Here is the process to check LK Mehta Polymers Limited IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'LK Mehta Polymers’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

 IPO Details

LK Mehta Polymers launched its IPO on February 13, 2025 with a total issue size of ₹7.38 crores. The IPO price band is fixed at ₹71 per share. Investors can apply with a minimum lot size of 1600, requiring a minimum investment of ₹1,13,600. The shares are expected to be listed on BSE with a tentative listing date of February 21, 2025. The basis of allotment will be finalized on February 18, 2025, followed by the initiation of refunds on February 19, 2025.

Swastika Investmart Limited is the book-running lead manager and market maker for the issue. Bigshare Services Pvt Ltd is the registrar.

Utilization of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• To Meet Incremental Working Capital Requirement
• General Corporate Purpose

Overall Subscription Status

(February 17, 2025, end of the day)

LK Mehta Polymers IPO  was subscribed 44.57 times on the third day, according to BSE data. Of these, 

• Retail investors subscribed 46.25 times, 
• Non-institutional investors (NII) subscribed 42.88 times, 
• Qualified Institutional Buyers (QIBs) subscribed 0 times.

GMP (Grey Market Premium) Details

According to NDTV Profit, as of February 18, 2025, 7:58 AM, the Grey Market Premium (GMP) for LK Mehta Polymers IPO stood at Rs 10. This indicates a premium of 14.08% over the issue price. If the current GMP trends continue, the estimated listing price of LK Mehta Polymers IPO is expected to be ₹81.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: NDTV Profit Media Report dated February 18, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

LK Mehta Polymers Limited Business Overview

L.K. Mehta Polymers Limited, established in 1995, specialises in the manufacturing and trading of plastic products. The company's product includes various types of ropes and twines, such as monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine (sutli). Additionally, L.K. Mehta Polymers engages in the trading and reprocessing of raw materials like polypropylene and polyethylene granules, serving a diverse clientele across multiple industries.

With over 30 years of experience, the company has expanded its reach to more than 20 Indian states, building a network of over 500 trusted customers. In 2023, L.K. Mehta Polymers enhanced its distribution capabilities by opening a depot in Vidisha, Madhya Pradesh, facilitating easier access to its products in the surrounding markets.