Piotex Industries Ltd

Piotex IPO

Piotex Industries Ltd

₹1,12,800 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,12,800
Price range
₹94 - ₹94
Lot size
1,200
Issue size
14.47 Cr
Face value
10

Subscription rate

Data will be available soon

Schedule

10 May 2024
IPO open date
14 May 2024
IPO close date
15 May 2024
Allotment date
15 May 2024
Funds unblock or debit
17 May 2024
Tentative listing date

About

Piotex Industries Limited is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The Company manufactures the cotton bales on contract basis. It also manufactures cotton yarn through out-sourcing model (Job-work) which are almost always in demand by the garment manufacturing industry.;
Parent organisation
Piotex Industries Ltd

Piotex Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
80.2286.01118202220232024

Strengths & Risks

Strengths
Risks
Existing client relationship.
Committed to total customer satisfaction.
Excellent & competent team.
Technical Expertise.
The company is dependent on its vendors to procure its products and does not have any manufacturing facilities of its own. The company's business is therefore dependent to a large extent on expected performance and operation of its vendor partners.
The company face substantial competition in the textile business, both from Indian and international companies, which may adversely affect its revenues.
Any increase in the prices of its raw material and any decrease in the supply of the company raw materials, primarily cotton, will materially and adversely affect its business, results of operations and financial condition.
The company has entered into Sole selling and Job work Agreements with the various spinning units for manufacturing and trading the products. Any termination of such agreements may have adverse effect on its business, prospects, results of operations and financial condition.

Application details

For Piotex IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹94 - ₹94₹2 - ₹5 Lakhs1200
High Networth Individual₹94 - ₹94₹2 - ₹5 Lakhs1200

Frequently Asked Questions