L.K. Mehta Polymers IPO Logo

L.K. Mehta Polymers IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Feb 13 to Feb 17 2025
Price Band ₹71
Current GMP ₹71.1(0.14%)
Subscription 44.57 times

IPO Details

IPO Date
February 13, 2025 to February 17, 2025
Listing Date
February 21, 2025
Face Value
₹10 per share
Issue Price
₹71 per share
Lot Size
1,600 Shares
Total Issue Size
10,40,000 shares (aggregating up to ₹7.38 Cr)
Fresh Issue
10,40,000 shares (aggregating up to ₹7.38 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
28,00,000 shares
Share Holding Post Issue
38,40,000 shares
Market Maker Portion
54,400 sharesSwastika Investmart Limited

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers***
42.88
Retail Investors
46.25
Total **
44.57

Day Wise Sub

DayDay 1 Feb 13, 2025
NII*4.95
Retail6.31
Total5.63
DayDay 2 Feb 14, 2025
NII*5.74
Retail11.87
Total8.81
DayDay 3 Feb 17, 2025
NII*42.88
Retail46.25
Total44.57

Day Wise GMP

Date21-02-2025
Price71.00
GMP5(7.04%)
Estimate List Price76
Date20-02-2025
Price71.00
GMP5(7.04%)
Estimate List Price76
Date19-02-2025
Price71.00
GMP5(7.04%)
Estimate List Price76
Date18-02-2025
Price71.00
GMP5(7.04%)
Estimate List Price76
Date17-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date16-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date15-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date14-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date13-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date12-02-2025
Price71.00
GMP15(21.13%)
Estimate List Price86
Date11-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date10-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date09-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81
Date08-02-2025
Price71.00
GMP10(14.08%)
Estimate List Price81

IPO Important Dates

IPO Open Date
Thu, Feb 13, 2025
IPO Close Date
Mon, Feb 17, 2025
Tentative Allotment
Tue, Feb 18, 2025
Initiation of Refunds
Wed, Feb 19, 2025
Credit of Shares to Demat
Thu, Feb 20, 2025
Tentative Listing Date
Fri, Feb 21, 2025
Cut-off time for UPI mandate confirmation
5 PM on February 17, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1600
Amount₹1,13,600
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹1,13,600
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹2,27,200

Financial Information

Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 202411.87
31 Mar 202410.49
31 Mar 20237.2
Period EndedRevenue
31 Dec 202411.98
31 Mar 202418.87
31 Mar 202317.14
Period EndedProfit After Tax
31 Dec 20240.42
31 Mar 20240.86
31 Mar 2023-0.01
Period EndedNet Worth
31 Dec 20243.74
31 Mar 20243.02
31 Mar 20232.16
Period EndedReserves and Surplus
31 Dec 20240.94
31 Mar 20242.39
31 Mar 20231.54
Period EndedTotal Borrowing
31 Dec 20246.69
31 Mar 20246.48
31 Mar 20233.9

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
54,400 (5.23%)
Other Shares Offered
4,92,800 (47.38%)
Retail Shares Offered
4,92,800 (47.38%)
Total Shares Offered
10,40,001 (100%)

Information about company

Incorporated in 1995, L.K. Mehta Polymers Limited is engaged in trading and manufacturing of Plastic products. The company is also involved in trading and reprocessing basic raw materials like polypropylene and polyethylene granules for various customers. The company sells products under the brand name "Super Pack," reflecting its commitment to superior quality and building lasting customer relationships. The company has strict systems to ensure timely delivery and minimal errors, with procedures to check orders at each stage, focusing on consistent service and customer loyalty. Product Portfolio: Ropes: Monofilament Ropes, Danline Ropes, Tape Rope, these products are used in non-ISI applications like transportation, agriculture, and packaging, as well as in high-risk sectors like shipping, mining, and heavy machinery transport. Twines: Baler Twine, Packaging wine(Sutli), these are usually used in Agriculture, Harvesting, Stationary, Handicraft Industry, Retail packaging of consumer goods, household use. Granuels: Polyethylene, Polypropylene, For reprocessing and manufacturing of plastic products. As on 25th January, 2025, the company has 21 full time employees. Competitive Strength: Experienced Promoters Generational Management Quality Service High Level of Customer Satisfaction Existing Client Relationship

Objectives of IPO

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: To Meet Incremental Working Capital Requirement General Corporate Purpose

Disclaimer

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