L.K. Mehta Polymers Limited
CLOSEDIPO Date: 13 Feb - 17 Feb 2025
Listing Date: 21 Feb 2025
Price Range
₹71 - ₹71
Issue Size
7 Cr
Min Investment
₹1,13,600
Lot Size
1600 Shares
Schedule of L.K. Mehta Polymers Limited
Issue open date
13 Feb 2025
Issue close date
17 Feb 2025
UPI mandate deadline
17 Feb 2025 (5 PM)
Allotment finalization
18 Feb 2025
Share credit
19 Feb 2025
Listing date
21 Feb 2025
Mandate end date
4 Mar 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 7 Cr |
| Fresh Issue | 7.38 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 18 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Feb 2025 | ₹71 | ₹12 | ₹83 (16.9%) |
| 12 Feb 2025 | ₹71 | ₹10 | ₹81 (14.08%) |
| 11 Feb 2025 | ₹71 | ₹10 | ₹81 (14.08%) |
Performance L.K. Mehta Polymers Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹71 - ₹71 | .... | ₹ 53.8 | -24.23% |
About L.K. Mehta Polymers Limited
L.K. Mehta Polymers, initially incorporated on January 2, 1995, as a public limited company under the Companies Act, 1956, took over the proprietorship business 'M/s. Sajjan Plastic Industries' run by Suresh Kumar Mehta. Promoted by Kamlesh Mehta HUF and relatives, the company quickly made its mark in the plastic industry by producing and trading a variety of plastic products, including ropes, twines, and granules. Over the years, it expanded its product line to include polypropylene and polyethylene granules, woven sack bags, and pipes, overcoming challenges like electricity supply issues to enhance its manufacturing capabilities. With its products branded under 'Super Pack,' L.K. Mehta Polymers has committed to quality and customer satisfaction, distinguishing itself in a competitive market.
| Founded in | 1995 |
| Managing director | Mr. Kamlesh Mehta |
| Parent organization | L.K. Mehta Polymers Ltd |
Financial Overview
Strengths
- Established brand 'Super Pack' enhancing market visibility and customer loyalty.
- Diverse product range including ropes, twines, and granules catering to varied customer needs.
- Strategic expansion in 2004 diversified product line into woven sack bags and pipes.
- Consistent innovation leading to sustained industry presence and competitive edge.
- Robust trading and manufacturing operations supporting comprehensive plastic product offerings.
Risks
- High dependency on a limited number of customers could impact revenue stability.
- Concentrated sales in five Indian states, posing geographical market risks.
- Reliance on key suppliers may affect operational continuity if relationships are disrupted.
- Potential regulatory changes could impact business operations and compliance costs.
- Financial risks associated with high leverage and repayment obligations impacting liquidity.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |