IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size57,60,000 shares (aggregating up to ₹25.92 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 09 Aug 2017
Subscription CloseFri, 11 Aug 2017
Anchor AllotmentTue, 08 Aug 2017
Basis of AllotmentThu, 17 Aug 2017
Initiation of RefundsFri, 18 Aug 2017
Credit of Shares to DematFri, 18 Aug 2017
Listing DateWed, 23 Aug 2017
UPI Mandate Deadline2017-08-11
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 3,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 6,000 shares
Net Offer to Public54,60,000 shares (aggregating up to ₹24.57 Cr)
Reserved for Market Maker3,00,000 shares (aggregating up to ₹1.35 Cr)
Pre-IPO Promoter Holding1,34,30,724 shares
Post-IPO Promoter Holding1,91,90,724 shares
About Lexus Granito (India) Ltd.
Incorporated in 2007, Lexus Granito (India) Limited is mainly engaged in manufacturing, trading and marketing vitrified ceramic tiles and wall tiles in India and internationally. They market and sell their product under the brand name "Lexus". They offers wall, floor, and decorative elevation tiles to home owners and commercial facilities.They were outsourcing manufacturing of wall tiles to third party manufacturers but recently they have set up their own wall tiles manufacturing unit at their existing facility which is situated at Morbi, Gujarat. They also exports its products to Saudi Arabia, Mexico, Kuwait, Oman, etc.
Objects of the Issue
Lexus Granito (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement
21.00
2
General corporate purposes
3.27
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,34,30,724 shares
Post-IPO Promoter Holding
1,91,90,724 shares