Latteys Industries Limited IPO

Latteys Industries Limited

Issue Open

May 23, 2018

Price Band

₹ 66

Issue Size

₹ 8.06 Cr

Credit of Shares to Demat

-

Issue Close

May 28, 2018

Bid Lot

2000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 30, -0001

Refunds

-

About the company:

Latteys Industries Limited is Gujarat based company engaged in production of pumping solutions for retail customers as well as industrial sectors. The company started operating from Chatraal, Gujarat and then moved to Naroda Gujarat. Company has around 80 employees to serve the demand generated by customers and clients.

Date of establishment: The company was incorporated in April 2nd, 2013 in Gujarat

Promoters of Latteys Industries Limited: Kapoor Chand Garg and Pawan Garg are the promoters of the company.

Products and Services: The company mainly manufactures pumping solutions for homes, agriculture & industrial sectors. The company has around 700 models of pumps, this includes Submersible, Self-Priming, Centrifugal, Shallow, Horizontal Pumps and many more other types.

Customer segments: The company serves both Domestic and Industrial sectors through its product portfolio

Objectives of the Issue:  The main of objectives of the IPOs are:
-      Meeting the working capital requirements of the Company
-      General corporate purposes.

Company Financials:

 

Particulars

For the year/period ended (in Rs. Millions)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

   

Total Assets

2611.95

2014.35

1466.07

1255.35

   

Total Revenue

3577.44

2605.11

2153.37

1855.66

   

Profit After Tax

55.62

31.09

13.98

14.09

   

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