L.K. Mehta Polymers Ltd. was established on January 2, 1995. The company manufactures and trades a wide range of plastic products, including ropes, twines, and reprocessed raw materials like polypropylene and polyethylene granules
| Bidding Dates |
|---|
| 13 Feb 2025 - 17 Feb 2025 |
| Subscription |
|---|
| 42.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 1.0 M | ₹71 | 73.03 % | ₹73.8 M | RHP DOC |
LK Mehta Polymers IPO SUBSCRIPTION STATUS
17 Feb '25LK Mehta Polymers IPO overall subscription rate was 42.29 times the total available shares
LK Mehta Polymers IPO retail subscription rate was 43.83 times in the retail segment
LK Mehta Polymers IPO non-institutional investor subscription rate was 40.74 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
17 Feb 2025 (Day 3) | 43.83x | 40.74x | - |
14 Feb 2025 (Day 2) | 11.25x | 5.54x | - |
13 Feb 2025 (Day 1) | 5.98x | 4.69x | - |
LK Mehta Polymers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 4.2 | 118.6 | -1.5 | -1.5 | 8.7% |
| FY24 | 8.6 | 181.6 | -20.1 | -17.0 | 5.6% |
| FY23 | -0.1 | 167.5 | 5.5 | 8.6 | 0.8% |
| FY22 | 0.4 | 114.3 | -0.1 | 4.9 | 1.9% |
LK Mehta Polymers IPO SUBSCRIPTION STATUS DETAILS
LK Mehta Polymers had 1.0 M shares on offer
LK Mehta Polymers IPO offer price was ₹71
LK Mehta Polymers IPO minimum Investment was ₹113600
LK Mehta Polymers IPO issue size was ₹ 73.8 M
LK Mehta Polymers had a minimum lot size of 1600 Shares per application
LK Mehta Polymers NUMBER OF SHARES ON OFFER
LK Mehta Polymers IPO IMPORTANT DATES
| Issue Open Date | 13 Feb 2025 |
| Issue close Date | 17 Feb 2025 |
| Allotment Date | 18 Feb 2025 |
| Refund Date | 19 Feb 2025 |
| Demat Account Credit Date | 20 Feb 2025 |
| Listing Date | 21 Feb 2025 |
| Listing on Exchange(s) | BSE |
| LK Mehta Polymers Allotment Status | Exchange |
LK Mehta Polymers IPO subscription opened on 13 Feb 2025, and closed on 17 Feb 2025
IPO allotment for LK Mehta Polymers was finalized on Tuesday, 18 Feb 2025
IPO listing for LK Mehta Polymers was on BSE on Friday, 21 Feb 2025
LK Mehta Polymers IPO LISTING GAINS
| Issue Price (adjusted) | 71.0 |
| Listing Open Price | 71.1 |
| Listing Close Price | 68.3 |
| Listing Gain% | 0.1% |
| Current Gain% | -46.1% |
LK Mehta Polymers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L.K. Mehta Polymers Ltd. | 38.3 | 14.7 | 23.5 | 6.7 | 0.5 | 5.4 | 2.8 | 29.5 | 54.2 | 0.6 | 3.7 | 1.6 | 3.5 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
LK Mehta Polymers INFORMATION ON IPO ISSUE
About LK Mehta Polymers
L.K. Mehta Polymers Ltd. was established on January 2, 1995. The company manufactures and trades a wide range of plastic products, including ropes, twines, and reprocessed raw materials like polypropylene and polyethylene granules
Object of the Issue
- To meet incremental working capital requirements
- General corporate purposes
LK Mehta Polymers - PROMOTERS
| Name |
|---|
| Kamlesh Mehta |
| Rina Mehta |
LK Mehta Polymers Lead Manager of the Issue
Swastika Investmart Limited
merchantbanking@swastika.co.in
LK Mehta Polymers Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
LK Mehta Polymers Strengths
Quality service
The company has stringent systems to ensure timely delivery with minimal errors, fostering customer retention and repeat orders. A structured internal process verifies orders at each stage, ensuring consistency and building customer loyalty
Customer satisfaction
The company ensures high customer satisfaction through timely deliveries, easy order placement, and excellent service. This approach has strengthened its customer base and enhanced loyalty
Client relationship
Strong client relationships drive repeat business and long-term retention, providing a competitive edge in acquiring new customers and expanding operations
LK Mehta Polymers Risks
Dependent on third party for transportation
Dependence on third-party transport providers for raw material procurement and product delivery poses a risk, as service failures could adversely impact business operations and financial performance
Inventory management
Manufacturing heat exchangers requires maintaining adequate raw materials and finished goods. Delays in supply or quality issues can escalate costs, impact profitability, and harm market reputation
Fraud
Employee fraud or misconduct, such as unauthorized transactions or misuse of confidential information, can lead to financial losses, regulatory sanctions, reputational damage, and potential litigation
IPO FAQs
The promoters of the company are Kamlesh Mehta and Rina Mehta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 71.0 - 71.0.
The IPO application opens on Feb 13, 2025 and closes on Feb 17, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 113,600.0.
This IPO will be allotted on Feb 18, 2025.
The refund will be credited to your account on Feb 19, 2025.
The allotted shares will be credited to your demat on Feb 20, 2025.
L.K. Mehta Polymers Ltd.’s shares listed on the stock exchanges on Feb 21, 2025.