Priti International IPO is set to make its debut on 11 June 18 with 5.26 Cr is a company engaged in the manufacturing and exporting of Handicraft Products.
Priti International IPO – overview
| IPO Dates | 11-13 June 18 |
| IPO Price | INR 75 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 700,800 shares (INR 5.26 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Priti International IPO – Tentative Dates
| IPO Offer Opening Date | 11 June 2018 |
| IPO Closing Date | 13 June 2018 |
| Finalization of Basis of Allotment | 18 June 2018 |
| Initiation of refunds | 19 June 2018 |
| Transfer of shares to demat accounts | 20 June 2018 |
| IPO Listing Date | 21 June 2018 |
Company Overview
Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company’s products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.
Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.
Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.
The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
Objects of the Issue
1. Purchase of Plant & Machinery and related civil work;
2. Funding the working capital requirements of the Company;
3. General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-17 |
| Total Assets | 769.37 |
| Total Revenue | 323.63 |
| Profit After Tax | 15.97 |
Company Contact Information
Priti International Limited
Plot No. F-43
Basni Ist Phase,
Jodhpur, 342001
Phone: 0291- 2435699
Email: info@pritiinternationalltd.com
Website: http://www.pritiinternationalltd.com
Priti International IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Priti International 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
