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Beeline Capital Advisors Pvt Ltd is the only book-running lead supervisor, whereas Cameo Company Companies Ltd is the registrar for the difficulty.
The preliminary public providing of Piotex Industries closed with an awesome subscription of 108 occasions on Tuesday.
The portion for non-institutional buyers (NII) was subscribed 122 occasions, the quota for retail particular person buyers (RII) acquired 94 occasions subscription, bringing the general subscription to 108 occasions till the ultimate day of bidding on Tuesday.
Shares of the Pune-headquartered firm will probably be listed on the BSE’s SME platform.
The Rs 14.47 crore preliminary public providing (IPO) is fully a contemporary subject of 15.4 lakh fairness shares with a face worth of Rs 10 every.
The corporate has mounted the value of the difficulty at Rs 94 per share.
The corporate proposes to utilise the proceeds from the general public supply to fund its working capital necessities, normal company functions and meet subject bills.
Based in 2019 by Abhay Shriram Asalkar and Yogesh Omprakash Nimodiya, the corporate is a provider of yarn, material and cotton bales and works on an asset-lite mannequin.
Piotex Industries recorded a income of Rs 118.45 crore with a revenue after tax of Rs 3 crore in FY 2023-24, in comparison with a income of Rs 86 crore and a revenue after tax of Rs 2.88 crore in FY 2022-23.
Beeline Capital Advisors Pvt Ltd is the only book-running lead supervisor, whereas Cameo Company Companies Ltd is the registrar for the difficulty.
(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Might 14 2024 | 8:56 PM IST
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