L.K. Mehta Polymers IPO Overview
L.K. Mehta Polymers IPO is a fixed price issue of Rs 7.38 crores. The issue is entirely a fresh issue of 10.40 lakh shares.
L.K. Mehta Polymers IPO opens for subscription on February 13, 2025 and closes on February 17, 2025. The allotment for the L.K. Mehta Polymers IPO is expected to be finalized on Tuesday, February 18, 2025. L.K. Mehta Polymers IPO will be list on BSE SME with a tentative listing date fixed as Friday, February 21, 2025.
L.K. Mehta Polymers IPO price is ₹71 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,13,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,27,200.
Swastika Investmart Ltd is the book running lead manager of the L.K. Mehta Polymers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to L.K. Mehta Polymers IPO DRHP for detailed information.
L.K. Mehta Polymers IPO Important dates
L.K. Mehta Polymers IPO opens on February 13, 2025, and closes on February 17, 2025.
| IPO Open Date | Thursday, February 13, 2025 |
| IPO Close Date | Monday, February 17, 2025 |
| Basis of Allotment | Tuesday, February 18, 2025 |
| Initiation of Refunds | Wednesday, February 19, 2025 |
| Credit of Shares to Demat | Thursday, February 20, 2025 |
| Listing Date | Friday, February 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 17, 2025 |
L.K. Mehta Polymers IPO Financial Performance
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11.76 | 10.49 | 7.2 | 8.23 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4.01 | 18.87 | 17.14 | 11.94 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 0.21 | 0.86 | -0.01 | 0.04 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3.53 | 3.02 | 2.16 | 2.17 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 0.73 | 2.39 | 1.54 | 1.54 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 6.72 | 6.48 | 3.9 | 4.39 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
L.K. Mehta Polymers IPO Key Performance Indicator
The market capitalization of L.K. Mehta Polymers IPO is Rs 27.26 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 28.35% |
| ROCE | 16% |
| Debt/Equity | 2.15 |
| RoNW | 28.35% |
| PAT Margin | 4.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.06 | 2.18 |
| P/E (x) | 23.24 | 32.5 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
L.K. Mehta Polymers IPO Objectives
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirement
- General Corporate Purpose
L.K. Mehta Polymers IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,13,600 |
| Retail (Max) | 1 | 1600 | ₹1,13,600 |
| HNI (Min) | 2 | 3,200 | ₹2,27,200 |
| Lot Size Calculator | |||
L.K. Mehta Polymers IPO Details
| IPO Date | February 13, 2025 to February 17, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹71 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 10,40,000 shares (aggregating up to ₹7.38 Cr) |
| Fresh Issue | 10,40,000 shares (aggregating up to ₹ 7.38 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 38,40,000 shares |
L.K. Mehta Polymers IPO Company Overview and Services
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 31st July, 2024, the company has 20 full time employees.
Competitive Strength:
- Experienced Promoters
- Generational Management
- Quality Service
- High Level of Customer Satisfaction
- Existing Client Relationship
L.K. Mehta Polymers IPO SWOT Analysis
Strengths:
- Experienced Promoters: The company benefits from the long-standing experience of its promoters in the plastics industry. This expertise can provide valuable insights and guidance for the company’s growth.
- Generational Management: The presence of generational management can bring a blend of experience and fresh perspectives, potentially fostering innovation and stability.
- Quality Service & High Customer Satisfaction: A focus on quality service and high customer satisfaction can lead to strong customer relationships and repeat business, contributing to sustainable growth.
- Existing Client Relationships: Established relationships with clients provide a solid foundation for the company’s revenue and future expansion.
- Product Portfolio: The diverse product portfolio, including ropes, twines, and granules, caters to a wide range of industries and applications, reducing reliance on a single product or sector.
Weaknesses:
- Limited Employee Count: With only 20 full-time employees, the company might face challenges in scaling up operations and handling increased demand.
- Financial Performance: While recent financials show improvement, the company’s past performance has been inconsistent, with fluctuations in profitability. This could raise concerns among investors.
- Competition: The plastics industry is competitive, with both established players and new entrants. The company needs to differentiate itself to maintain market share.
- Dependence on Raw Materials: The company’s reliance on raw materials like polypropylene and polyethylene granules makes it vulnerable to price fluctuations and supply disruptions.
Opportunities:
- Growing Demand for Plastic Products: The demand for plastic products is expected to continue growing across various sectors, providing opportunities for the company to expand its market share.
- Focus on Sustainability: Increasing awareness of environmental issues presents an opportunity for the company to focus on sustainable practices and develop eco-friendly products.
- Expansion into New Markets: The company can explore opportunities to expand its operations into new geographical markets and cater to a wider customer base.
- Technological Advancements: Adopting new technologies and innovative manufacturing processes can improve efficiency, reduce costs, and enhance product quality.
Threats:
- Fluctuations in Raw Material Prices: The volatility in raw material prices can impact the company’s profitability and pricing strategies.
- Stringent Environmental Regulations: Increasing environmental regulations and restrictions on plastic usage could pose challenges for the company.
- Economic Downturn: An economic downturn can affect demand for plastic products and impact the company’s growth prospects.
- Competition from Larger Players: The company faces competition from larger players with greater resources and established brands, which could limit its growth potential.
L.K. Mehta Polymers IPO GMP Details
L.K. Mehta Polymers SME IPO last GMP is ₹10, last updated Feb 10th 2025 02:09 PM. With the price band of 71.00, L.K. Mehta Polymers SME IPO’s estimated listing price is ₹81 (cap price + today’s GMP).The expected percentage gain/loss per share is 14.08%.>> L.K. Mehta Polymers SME IPO Retail Subject to Sauda: ₹12200
We update GMP on a daily basis and based on last 3 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of L.K. Mehta Polymers SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 10-02-2025 | 71.00 | ₹10  |
12200 | ₹81 (14.08%) | 10-Feb-2025 14:09 |
| 09-02-2025 | 71.00 | ₹10 |
12200 | ₹81 (14.08%) | 9-Feb-2025 23:30 |
| 08-02-2025 | 71.00 | ₹10 |
12200 | ₹81 (14.08%) | 8-Feb-2025 23:33 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
L.K. Mehta Polymers IPO Subscription Status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
L.K. Mehta Polymers IPO Allotment status
L.K. Mehta Polymers IPO allotment is expected on Tuesday, February 18, 2025.
L.K. Mehta Polymers IPO allotment status is not available at this time. L.K. Mehta Polymers IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for L.K. Mehta Polymers Limited IPO allotment status.
L.K. Mehta Polymers IPO Contact Details
L.K. Mehta Polymers Limited
1103/2,
Mhow-Neemuch Road,
Ratlam, 457001
Phone: +91-9669903095
Email: info@lkmehtapolymersltd.com
Website: https://lkmehtapolymersltd.com/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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