L.K. Mehta Polymers Limited IPO (L.K. Mehta Polymers IPO) Detail
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 bidding started from February 13, 2025 and ended on February 17, 2025. The allotment for L.K. Mehta Polymers IPO was finalized on Tuesday, February 18, 2025. The shares got listed on BSE SME on 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.The market maker for L.K. Mehta Polymers IPO is Swastika Investmart Limited.
Refer to L.K. Mehta Polymers IPO RHP for detailed information.
L.k.mehta Polymers Ltd Stock Quote & Charts
- Open: ₹51.50
- High – Low: ₹51.50 – ₹49.90
- Previous Close: ₹50.50
- Total Traded Value: 14,400.00
- 52 Weeks High: ₹48.88 (Feb 21, 2025)
- 52 Weeks Low: ₹67.54 (Mar 07, 2025)
- Updated On: Feb 21, 2025 4:00 PM
L.K. Mehta Polymers IPO Details
| IPO Date | February 13, 2025 to February 17, 2025 |
| Listing Date | February 21, 2025 |
| Face Value | ₹10 per share |
| Issue 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 |
| Market Maker Portion | 54,400 shares Swastika Investmart Limited |
L.K. Mehta Polymers IPO Reservation
L.K. Mehta Polymers IPO offers 10,40,001 shares. 4,92,800 (47.38%) to NII, 4,92,800 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 54,400 (5.23%) |
| Other Shares Offered | 4,92,800 (47.38%) |
| Retail Shares Offered | 4,92,800 (47.38%) |
| Total Shares Offered | 10,40,001 (100%) |
L.K. Mehta Polymers IPO Timeline (Tentative Schedule)
L.K. Mehta Polymers IPO opens on February 13, 2025, and closes on February 17, 2025.
| IPO Open Date | Thu, Feb 13, 2025 |
| IPO Close Date | Mon, Feb 17, 2025 |
| Tentative Allotment | Tue, Feb 18, 2025 |
| Initiation of Refunds | Wed, Feb 19, 2025 |
| Credit of Shares to Demat | Thu, Feb 20, 2025 |
| Tentative Listing Date | Fri, Feb 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 17, 2025 |
L.K. Mehta Polymers IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following 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 Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.92% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About L.K. Mehta Polymers Limited
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 25th January, 2025, the company has 21 full time employees.
Competitive Strength:
- Experienced Promoters
- Generational Management
- Quality Service
- High Level of Customer Satisfaction
- Existing Client Relationship
Company Financials
L.K. Mehta Polymers Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11.87 | 10.49 | 7.2 | 8.23 |
| Revenue | 11.98 | 18.87 | 17.14 | 11.94 |
| Profit After Tax | 0.42 | 0.86 | -0.01 | 0.04 |
| Net Worth | 3.74 | 3.02 | 2.16 | 2.17 |
| Reserves and Surplus | 0.94 | 2.39 | 1.54 | 1.54 |
| Total Borrowing | 6.69 | 6.48 | 3.9 | 4.39 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
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 | 4.71 |
| Price to Book Value | 5.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.06 | 1.45 |
| P/E (x) | 41.04 | 48.95 |
- 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 December 31, 2024 that is available in RHP.
Objects of the Issue (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 Review (Avoid)
[Dilip Davda] LMPL is engaged in the trading and manufacturing of plastic products/primarily ropes and twines. It posted growth in its top lines for the reported periods, but its bottom line marked erratic movements. Based on recent financials, the issue appears exorbitantly priced. The company is operating in a highly competitive and fragmented segment. Tiny paid-up equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey bet that can be termed as “High Risk/No Return” offer. Read detail review…
L.K. Mehta Polymers IPO Subscription Status (Bidding Detail)
The L.K. Mehta Polymers IPO is subscribed 44.57 times on February 17, 2025 6:54:51 PM (Day 3). The public issue subscribed 46.25 times in the retail category, [.] times in the QIB category, and 42.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 42.88 | 4,92,800 | 2,11,32,800 | 0 |
| Retail | 46.25 | 4,92,800 | 2,27,93,600 | 0 |
| Total | 44.57 | 9,85,601 | 4,39,26,400 | 25,077 |
Total Application : 25,077
*Market Maker portion is not included to NII/HNI.
L.K. Mehta Polymers IPO Prospectus
L.K. Mehta Polymers IPO Listing Details
| Listing Date | February 21, 2025 |
| BSE Script Code | 544366 |
| NSE Symbol | |
| ISIN | INE0FFF01017 |
| Final Issue Price | ₹71 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹71.00 |
| Open | ₹71.10 |
| Low | ₹67.54 |
| High | ₹71.10 |
| Last Trade | ₹68.29 |
Check IPO Performance…
L.K. Mehta Polymers Limited 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/
L.K. Mehta Polymers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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