L.K. Mehta Polymers IPO
- IPO Date13 Feb, 2025 to 17 Feb, 2025
- Listing Date21 Feb, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size1600 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size10,40,000 Shares
- Fresh Issue10,40,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue28,00,000
- Shareholding post issue38,40,000
IPO Dates
Closing Date
17 Feb, 2025
Initiation of Refunds
20 Feb, 2025
Listing Date
21 Feb, 2025
13 Feb, 2025
Opening Date
18 Feb, 2025
Basis of Allotment
20 Feb, 2025
Credit of Shares
L.K. Mehta Polymers Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,13,600 |
| S-HNI (Min) | 2 | 3200 | ₹2,27,200 |
| Retail (Min) | 1 | 1600 | ₹1,13,600 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
L.K. Mehta Polymers Promoter Holding
Mr. Kamlesh Mehta and Rina Mehta are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.92% |
L.K. Mehta Polymers COMPANY INFORMATION
L.K. Mehta Polymers IPO is a fixed price issue of Rs 7.38 crores. The issue is entirely a fresh issue of 10.40 lakh shares. L.K. Mehta Polymers IPO opens for subscription on February 13, 2025 and closes on February 17, 2025. The allotment for the L.K. Mehta Polymers IPO is expected to be finalized on Tuesday, February 18, 2025. L.K. Mehta Polymers IPO will be list on BSE SME with a tentative listing date fixed as Friday, February 21, 2025. L.K. Mehta Polymers IPO price is ₹71 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,13,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,27,200. Swastika Investmart Ltd is the book running lead manager of the L.K. Mehta Polymers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 31st July, 2024, the company has 20 full time employees.
Competitive Strength:
- Experienced Promoters
- Generational Management
- Quality Service
- High Level of Customer Satisfaction
- Existing Client Relationship
L.K. Mehta Polymers IPO
IPO Overview and Key Highlights
L.K. Mehta Polymers Limited, a Madhya Pradesh-based company engaged in trading and manufacturing of plastic products, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 10,40,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds will be utilized for working capital, general corporate purposes, and business expansion. The shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue • Fixed Price Issue
- Total Issue Size • 10,40,000 equity shares
- Face Value • ₹10 per share
- Issue Price • ₹71 per share (including ₹61 as share premium)
- Offer Opens • To be determined
- Offer Closes • To be determined
- Listing Exchange • BSE SME
- Market Maker Reservation • 54,400 equity shares
Company Overview
L.K. Mehta Polymers Limited was originally incorporated in 1995 with a focus on trading and manufacturing of plastic products, including ropes, twines, and granules. Over the years, the company has established a strong presence in the domestic market.
- Promoters • Mr. Kamlesh Mehta and Mrs. Rina Mehta
- Headquarters • Ratlam, Madhya Pradesh
- Corporate Identification Number (CIN) • U25206MP1995PLC008901
Financial Overview
L.K. Mehta Polymers Limited has shown consistent revenue growth, leveraging its manufacturing capabilities and expanding customer base. The IPO proceeds will be used to enhance production capacity, improve infrastructure, and strengthen financial stability.
Key Strengths of L.K. Mehta Polymers
- Established Industry Presence • Operating since 1995 with a strong customer base.
- No OFS • Entire issue is a fresh issue, ensuring funds go directly into business growth.
- Expansion Plans • Focus on increasing product range and market penetration.
- Experienced Promoters • Led by industry experts with in-depth sector knowledge.
IPO Pros and Cons
Pros
- Growing Plastic Industry • Increasing demand for plastic products in various sectors.
- Proceeds Utilization • Funds allocated for working capital and expansion.
- Listing on BSE SME • Offers better visibility and credibility.
Cons
- Market Dependency • Revenue depends on the demand for plastic products.
- Competitive Industry • Faces competition from domestic and international players.
- Raw Material Costs • Fluctuating material costs may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility • Dependence on raw material pricing and market demand.
- Operational Challenges • Scaling production while maintaining efficiency.
- Regulatory Compliance • Adherence to environmental and safety regulations.
Conclusion
The L.K. Mehta Polymers Limited IPO presents an opportunity to invest in a well-established plastic products company with strong industry experience. With no Offer for Sale, all funds raised will be used for business expansion, making it an attractive investment. However, investors should consider factors like market dependency, competition, and raw material costs before making a decision.
FAQs About L.K. Mehta Polymers Ipo
L.K. Mehta Polymers IPO will open on 13 Feb, 2025 and close on 17 Feb, 2025. Investors must apply within this period to participate.
The L.K. Mehta Polymers IPO price band is set between ₹71.00 and ₹0.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹0.00.
The L.K. Mehta Polymers IPO shares are expected to be listed on 21 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your L.K. Mehta Polymers IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The L.K. Mehta Polymers IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.