IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size7,00,800 shares (aggregating up to ₹5.26 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 11 Jun 2018
Subscription CloseWed, 13 Jun 2018
Anchor AllotmentSun, 10 Jun 2018
Basis of AllotmentMon, 18 Jun 2018
Initiation of RefundsTue, 19 Jun 2018
Credit of Shares to DematWed, 20 Jun 2018
Listing DateThu, 21 Jun 2018
UPI Mandate Deadline2018-06-13
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
Net Offer to Public6,65,600 shares (aggregating up to ₹4.99 Cr)
Reserved for Market Maker35,200 shares (aggregating up to ₹0.2640 Cr)
Pre-IPO Promoter Holding51,88,000 shares
Post-IPO Promoter Holding60,90,400 shares
About Priti International Ltd.
Incorporated in 2017, Jodhpur based Priti International Limited is a company engaged in the manufacturing and exporting of Handicraft Products. It also deals in manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products, etc.Priti Lohiya, one of the promoters of the Company, commenced the business of handicraft products in the name and style M/s. Priti International, a proprietary concern in the year 2002 at facilities located at Basni and Boranada in Jodhpur, Rajasthan. The running business of M/s. Priti International was acquired by Priti International Limited on November 11, 2017.Priti International majorly caters to international markets. It exports products to wholesalers and retailers from countries such as Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany etc. The company also export its products to customers working on some specific projects e.g. newly constructed hotels, restaurants, bars & pubs, etc.The company has 45 employees on its payroll. It also employs contract laborers and temporary laborers as per requirement.
Objects of the Issue
Priti International Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Part Repayment of Loans
13.00
2
2 General Corporate Purpose
1.62
Shareholding & Lock-in
Pre-IPO Promoter Holding
51,88,000 shares
Post-IPO Promoter Holding
60,90,400 shares