Latteys Industries IPO is set to make its debut on 23rd May 18 with 8.06 Cr is a company engaged in the business of manufacturing pumping solutions for homes, agriculture & industrial sectors.
Latteys Industries IPO – overview
| IPO Dates | 23-28 May 18 |
| IPO Price | INR 66 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,222,000 shares (INR 8.06 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Latteys Industries IPO – Tentative Dates
| IPO Offer Opening Date | 23 May 2018 |
| IPO Closing Date | 25 May 2018 |
| Finalization of Basis of Allotment | 30 May 2018 |
| Initiation of refunds | 31 May 2018 |
| Transfer of shares to demat accounts | 1 June 2018 |
| IPO Listing Date | 4 June 2018 |
Company Overview
Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.
Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
Objects of the Issue
1. Funding the working capital requirements of the Company
2. General corporate purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 2611.95 | 2014.35 | 1466.07 |
| Total Revenue | 3577.44 | 2605.11 | 2153.37 |
| Profit After Tax | 55.62 | 31.09 | 13.98 |
Company Contact Information
Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com
Latteys Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: latteys.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Latteys Industries IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
