IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
15,40,000 Equity Shares
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |About Piotex Industries Limited
Piotex Industries Limited was incorporated on October 24, 2019, as Piotex Industries Private Limited. The company operates in contract manufacturing and trading of yarn, fabric, and cotton bales, with products serving various purposes, such as garments and home furnishings.
The company manufactures cotton bales on a contract basis, and the production of cotton yarn is carried out through an outsourcing model (job-work), consistently meeting the demand of the garment manufacturing industry. The business process encompasses the production and utilisation of yarn in the manufacturing process.
The company is committed to customer satisfaction through continuous improvement, process innovation, and quality maintenance, aiming to build a positive brand image in the industry. The management and team's efforts have facilitated enduring customer relations and a consistent flow of repeat orders.
The textiles sector in India boasts a rich history, dating back several centuries, making it one of the country's oldest industries. India holds the distinction of being the world's largest producer of cotton, with an estimated production of 362.18 lakh bales during the 2021-22 cotton season. Anticipated domestic consumption for the same season is around 338 lakh bales. Looking ahead to 2030, India is poised to achieve a cotton production of 7.2 million tonnes, fueled by growing consumer demand.
In FY 2023, exports of Ready Made Garments (RMG) cotton, including accessories, reached US$ 7.68 billion by January 2023, expected to surpass US$ 30 billion by 2027, capturing an estimated 4.6-4.9% global market share. This future outlook can offer a positive opportunity for Piotex Industries Limited.
Piotex Industries Limited IPO Details
Piotex Industries Limited IPO Date
Piotex Industries Limited’s IPO dates are not yet announced.
Piotex Industries Limited IPO Price Band
Piotex Industries Limited is a fresh IPO of 15,40,000 shares. The price of the IPO is not yet announced.
Piotex Industries Limited IPO Lot Size
Piotex Industries Limited’s IPO lot size is not yet announced.
Piotex Industries Limited IPO Objectives
The objectives of Piotex Industries Limited's IPO are listed below:
- To fund the working capital requirements.
- To meet the expenses of the issue.
- For general corporate purposes.
Peer Details
As per DRHP, there are no listed peers whose business portfolio is comparable to the company.
How To Check the Piotex Industries Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Piotex Industries Limited IPO
- Registered office: F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune Maharashtra- 411018, India.
- Phone: +91-9156744401
- E-mail: office@piotex.in
IPO Financials
| Particulars | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Total Revenue | 8,667.21 | 8,046.39 | 5,443.20 |
| Profit After Tax (PAT) | 288.75 | 74.29 | 59.91 |
| Net Worth | 440.07 | 151.32 | 77.03 |
| Total Borrowings | 372.30 | 528.58 | 220.92 |
| EPS (in ₹) | 11.67 | 3.00 | 2.48 |
Know before investing
Strengths
2-
The company maintains good relationships with their primary customers. Their existing relationships help them to get repeat orders.
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The company uses the best technology to manufacture cotton yarn and cotton fabric through job work. The technology is suitable for manufacturing fabrics, viz. 100% Cotton and cotton blended grey fabric, etc. The updated technology also helps them to be cost-efficient as a result of higher production.
Risks
2-
The company is dependent on its vendors to procure the products and does not have any manufacturing facilities of its own. The business of the company is dependent on the expected performance and operation of its vendor partners.
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Any rise in the raw material prices or decrease in the supply of raw materials, especially cotton, can adversely impact their business.
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Piotex Industries Limited IPO FAQs
The Piotex Industries Ltd IPO contains a fresh IPO of 15,40,000 shares. The price of the IPO is not yet announced.
Not yet announced.
Not yet announced.
Not yet announced.
Piotex Industries Ltd IPO will be listed on the BSE SME and the listing date is not yet announced.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is not yet announced for Piotex Industries Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
