LK Mehta Polymers IPO Opens For Subscription: Check GMP, Offer Size, Price Band And More
According to InvestorGain, the grey market premium on LK Mehta Polymers IPO stood at Rs 12 as of 4:58 p.m. on Feb. 13.
The initial public offering of LK Mehta Polymers Ltd. went live on Thursday. The company, a manufacturer and trader of plastic products, aims to raise Rs 7.38 crore via the IPO. The BSE SME IPO is a fixed-price issue. Investors planning to apply for shares in LK Mehta Polymers IPO must check out these key details before making an investment call.
LK Mehta Polymers IPO: Key Details
LK Mehta Polymers IPO is a book-built issue consisting entirely of a fresh issuance of 10.4 lakh shares offered at a fixed price of Rs 71 apiece. The total offer size of this SME offer is valued at Rs 7.38 crore.
The company has reserved 50% of the net issue for retail investors and the remaining half for investors.
Retail investors may apply for shares in LK Mehta Polymers IPO with a minimum lot size of 1600 shares resulting in an investment of Rs 1,13,600.
The application window for LK Mehta Polymers IPO will remain open between Feb. 13 and Feb, 17. Share allotment in the SME offer is expected to be done on Feb. 18. Refunds for the non-allottees will be initiated on Feb. 19. Successful bidders will receive shares of LK Mehta Polymers Ltd. in their demat accounts on Feb. 20.
Shares of LK Mehta Polymers Ltd. are proposed to be listed on the BSE SME platform on Feb. 21.
The company has appointed Swastika Investmart Ltd. as the book-running lead manager and the market maker for its IPO. Bigshare Services Pvt. is the issue's registrar.
LK Mehta Polymers IPO Subscription Status
L.K. Mehta Polymers IPO has been subscribed 5.63 times as of 5:04 p.m. on Thursday.
Non-Institutional Buyers: 4.95 times
Retail Investors: 6.31 times
*The subscription status will be updated at regular intervals.
LK Mehta Polymers IPO GMP Today
According to InvestorGain, the grey market premium on LK Mehta Polymers IPO stood at Rs 12 as of 4:58 p.m. on Feb. 13. As per the current LK Mehta Polymers IPO GMP trends, shares of the company are likely to list on the BSE SME platform at Rs 83 apiece, marking a premium of 16.90% over the issue price.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
LK Mehta Polymers: Business And Financials
LK Mehta Polymers Ltd. is a manufacturer and trader of plastic products. It sells its product under the 'Super Pack' brand. The company is also involved in the trading and reprocessing of basic raw materials such as polypropylene and polyethene granules for its clients.
Use Of Proceeds
LK Mehta Polymers Ltd. has proposed to use the net proceeds from the IPO to meet its incremental working capital requirements. A portion of the funds will also be used for general corporate purposes.
Financials
LK Mehta Polymers Ltd. generated a revenue of Rs 11.98 in the nine months ending Dec. 31, 2024, with a net profit of Rs 42 lakh. In FY 25, the company reported a revenue of Rs 18.87 crore marking a marginal growth from Rs 17.14 crore in the previous financial year.
The company posted a net profit of Rs 86 lakhs in FY24 in comparison to a net loss of Rs 1 lakh in FY23.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
