The Piotex Industries IPO started on May 10, 2024, and ended on May 14, 2024. Shares were allocated on May 15, 2024, and refund processes began on May 16, 2024. On May 16, 2024, the shares were credited to investors demat accounts. Piotex Industries was officially listed on the stock exchange on May 17, 2024.
During the IPO, Piotex Industries offered shares at a price range of ₹94 per share, and the lot size was 1200 shares. The total issue size was ₹14.47 crores, with ₹14.47 crores from new shares. The IPO was listed on the BSE SME.
Piotex Industries IPO Subscription Update Video
Piotex Industries IPO Subscription Status
The Piotex Industries IPO on May 14, 2024 was subscribed 107.44 times, with the retail category being subscribed 93.33 times, the other category being subscribed 115.21 times.
| Category | Subscription |
| Other | 115.21x |
| Retail | 93.33x |
| Total | 107.44x |
Piotex Industries IPO Basic Details
| Company Name | Piotex Industries Limited |
| Domain of Company | Textiles |
| Piotex Industries IPO Open Date | May 10, 2024 |
| Piotex Industries IPO Close Date | May 14, 2024 |
| Piotex Industries IPO Allotment Date | May 15, 2024 |
| Piotex Industries IPO Listing Date | May 17, 2024 |
| Face Value | ₹10 per share |
| Price | ₹94 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,539,600 shares of ₹10 (aggregating up to ₹14.47 Cr) |
| Fresh Issue | 1,539,600 shares of ₹10 (aggregating up to ₹14.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Abhay Shriram Asalkar and Mr. Yogesh Omprakash Nimodiya |
About Piotex Industries Limited
Established in 2019, Piotex Industries Limited specializes in producing and trading yarns, fabrics, and cotton bales used in clothing and home textiles. We also manufacture cotton yarn through a partnership model.
Our business operates in two primary areas:
- Trading: We trade in cotton bales, synthetic fibers, cotton yarns, and fabrics. Our manufacturing and trading hubs are located in Maharashtra’s textile centers like Malegaon, Ichalkaranji, and Bhiwandi. We also supply cotton yarn to Burhanpur and Ahmedabad. To ensure quality, we’ve formed an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for our cotton yarn.
- Contract Labor and Fabric Weaving: Here, we provide yarn to contract workers and weaving mills, who then weave the fabric at an agreed price. Once woven, the fabric is sold to customers.
As of March 31, 2024, we have a dedicated team of 18 employees.
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Piotex Industries IPO FAQs
What is the start and end date of Piotex Industries IPO Subscription?
The Piotex Industries IPO started on May 10, 2024, and ended on May 14, 2024.
When does Piotex Industries IPO Subscription open?
The Piotex Industries IPO open on May 10, 2024.
When does Piotex Industries IPO Subscription close?
The Piotex Industries IPO Close on May 14, 2024.
What is the allotment date of Piotex Industries IPO?
The allotment date for Piotex Industries IPO is May 15, 2024.
When is the initial refund date of Piotex Industries IPO?
The initial Refund date for Piotex Industries IPO is May 16, 2024.
When were the shares credited to investors demat accounts for the Piotex Industries IPO?
The shares for the Piotex Industries IPO were credited to investors demat accounts on May 16, 2024.
When will Piotex Industries IPO be listed on the stock market?
Piotex Industries IPO stock market will be listed on May 17, 2024 at 10 am.
What was the price range of the Piotex Industries IPO shares?
The Piotex Industries IPO shares were offered at a price range of ₹94 per share.
What was the lot size for the Piotex Industries IPO shares?
The lot size for the Piotex Industries IPO shares was 1200 shares.
What was the total issue size of the Piotex Industries IPO?
The total issue size of the Piotex Industries IPO was ₹14.47 crores.
How were the shares allocated among different types of investors for the Piotex Industries IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Piotex Industries IPO listed?
The Piotex Industries IPO was listed on the BSE SME.
What is the Piotex Industries IPO Subscription Status?
Piotex Industries IPO is subscribed 107.44 Times.
