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LK Mehta Polymers Limited IPO
L.K.Mehta Polymers Ltd
₹1,13,600 /1600 sharesMinimum Investment
LK Mehta Polymers Limited IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹71.00 | ₹71.10 | ₹0.10 (0.14%) |
LK Mehta Polymers Limited IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 13 Feb ‘25 - 17 Feb ‘25 | ₹1,13,600 | 1,600 | ₹71 - ₹71 |
| Issue Size | IPO Doc |
|---|---|
| 7.38Cr | RHP PDF |
Subscription rate
As of 17 Feb'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 42.69x |
| Retail Individual Investor | 42.48x |
| Total | 40.36x |
About LK Mehta Polymers Limited
Founded in
1995
Managing director
Mr. Kamlesh Mehta
Parent organisation
L.K.Mehta Polymers Ltd
Strengths & Financials of LK Mehta Polymers Limited
Strengths
Risks
The company claims to have strict systems in place to ensure timely delivery of products with minimal errors.
The company states that established relationships with customers contribute to repeat business, supporting long-term partnerships and a strong customer retention strategy.
The company is ISO 9001:2015 certified for quality management systems.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 11.43 crore in FY22 to Rs 16.75 crore in FY23 to Rs 18.16 crore in FY24.
The company relies on a limited number of customers for sales. The top 10 customers accounted for approximately 78% of total sales for FY24, FY23, and FY22. Any loss of any major customer could negatively impact the operations and finances.
The company generates a major portion of revenue from five states—Madhya Pradesh, Uttar Pradesh, Bihar, Assam, and Rajasthan. These states contributed 92.89%, 92.89%, 95.55%, and 96.79% of total revenue as of December 31, 2024, and FY24, FY23, and FY22, respectively. Any disruption in the business environment of these states could negatively affect the company’s business.
The company relies on its manufacturing facility for operations. Any disruption, such as a shutdown or loss of the facility, could adversely affect business performance and financial stability.
A portion of the company’s revenue comes from gold sales, contributing 17.70%, 21.24%, 35.61%, and 29.59% for the periods ending December 31, 2024, and FY24, FY23, and FY22, respectively. Any adverse changes in this particular segment could harm the company’s operations and financial performance. This is an unrelated sector to the company’s main business, and is thus, an important risk factor.
The company, its directors, promoters and group companies are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Some of the purchases and sales by the company involve related parties. Though the company says these are done at arm’s length, it could prove to be a significant risk, going forward.
The company recorded a loss of Rs 0.01 crore in FY23 and cannot guarantee that similar losses will not occur in future.
As of December 31, 2024, the company has secured outstanding debt amounting to Rs 6.69 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
LK Mehta Polymers Limited Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of LK Mehta Polymers Limited IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹71 - 71 | ₹2 - 5 Lakh |
| High Networth Individual | ₹71 - 71 | ₹2 - 5 Lakh |
For LK Mehta Polymers Limited IPO, eligible investors can apply as Regular.