Issue Price
₹66
Per Share
GMP
NIL
Grey Market
Est. Listing
₹66
Expected Price
Min. Application
₹264,000
2 lots × 2000 shares
Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
Latteys Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 62,000 | — | ₹0.41 Cr | — |
| TOTAL | 1,222,000 | 100.00% | ₹8.07 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹132,000 |
| Retail (Max) | 13 | 26,000 | ₹1,716,000 |
| sNII (Min) | 14 | 28,000 | ₹1,848,000 |
| bNII (Min) | 68 | 136,000 | ₹8,976,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 3577.44 | 2605.11 | 2153.37 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 55.62 | 31.09 | 13.98 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 2611.95 | 2014.35 | 1466.07 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |