IPO Issue Details
Issue Price / Price Band₹71 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size10,40,000 shares (aggregating up to ₹7.38 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 13 Feb 2025
Subscription CloseMon, 17 Feb 2025
Anchor AllotmentWed, 12 Feb 2025
Basis of AllotmentTue, 18 Feb 2025
Initiation of RefundsWed, 19 Feb 2025
Credit of Shares to DematThu, 20 Feb 2025
Listing DateFri, 21 Feb 2025
UPI Mandate Deadline2025-02-17
Application & Investment Details
Retail — Min (1 Lots)₹1,13,600 — 1,600 shares
Retail — Max (13 Lots)₹1,476,800 (13 Lots)
HNI — Min (2 Lots)₹2,27,200 — 3,200 shares
EPS (Pre-IPO)₹3.06
EPS (Post-IPO)₹1.45
P/E Ratio (Pre-IPO)41.04x
P/E Ratio (Post-IPO)48.95x
Net Offer to Public9,85,600 shares (aggregating up to ₹7.00 Cr)
Reserved for Market Maker54,400 shares (aggregating up to ₹0.3862 Cr)
Pre-IPO Promoter Holding28,00,000 shares
Post-IPO Promoter Holding38,40,000 shares
About L.K.Mehta Polymers Ltd
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 PromotersGenerational ManagementQuality ServiceHigh Level of Customer SatisfactionExisting Client Relationship
Objects of the Issue
L.K.Mehta Polymers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Incremental Working Capital Requirement
2
General Corporate Purpose
Shareholding & Lock-in
Pre-IPO Promoter Holding
28,00,000 shares
Post-IPO Promoter Holding
38,40,000 shares