Latteys Industries IPO

Latteys Industries IPOBusiness description - Latteys Industries is 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. The pumps are manufactured and sold wholly in India. The Company started manufacturing in 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.  The company manufactures pumps of various sizes, structures, technicalities which forms the deciding factor for the uses and pricing of the product. Various raw materials like EC Grade, winding wire and cable, stainless steel pipe, electrical sheet stamping, etc. are procured from various industries from domestic market. Its customers are mostly dealers and direct users.

Promoters of Latteys Industries – Kapoor Chand Garg and Pawan Garg
Latteys Industries IPO details
Subscription Dates 23 - 28 May 2018
IPO Price band INR66 per share
Fresh issue 1,222,000 shares (INR8.07 crore)
Offer for sale Nil
Total IPO size 1,222,000 shares (INR8.07 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working capital requirements - INR7.47 crore
  • General corporate purposes
  • Issue expenses - INR0.50 crore
Latteys Industries' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 1,855.7 2,153.4 2,605.1 3,577.4 1,527.1
Total expenses 1,835.1 2,133.3 2,559.4 3,489.3 1,485.2
Profit after tax 14.1 14.0 31.1 55.6 30.5
Latteys Industries' Contact Details

Latteys Industries Limited
Plot No. 16, Phase- 1/2
GIDC Estate, Naroda
Ahmedabad 382330

Phone: +91 079 2282 3354
Email: info@latteysindustries.com
Website: www.latteysindustries.com

Latteys Industries IPO Subscription Details

Day Subscription (no. of times)
Day 1 0.29
Day 2 0.38
Day 3 0.64
Day 4 2.36
Latteys Industries Valuation (Latest FY)

Earnings Per Share (EPS): INR1.72

Price/Earnings (P/E) ratio: 38.37

Return on Net Worth (RONW): 18.22%

Net Asset Value (NAV): INR9.45 per share

Registrar of Latteys Industries IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: latteys.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Latteys Industries IPO Allotment Status

Latteys Industries IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Latteys Industries

IPO Opening Date: 23 May 2018

IPO Closing Date: 28 May 2018

Listing Date: 5 June 2018

Listing Price on NSE SME: INR68 per share (up 3.03% from IPO price)

Closing Price on NSE SME: INR66.20 per share (up 0.30% from IPO price)

Latteys Industries IPO
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