Latteys Industries IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 29, 2023Latteys Industries IPO is coming soon. The issue size of this IPO is INR 928 lakhs at Rs.66 per share. Lets have a detailed review of Latteys Industries Limited IPO and an in-depth analysis of the IPO release date, IPO offer price, subscription, IPO allotment, grey market price and more
Latteys Industries IPO Review & Ratings
| Latteys Industries IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 5.8/10 |
| Industry Ranking | 5.6/10 |
| Company Background | 5.9/10 |
| Company Reputation | 5.8/10 |
| Competitive Edge | 5.7/10 |
| Financial Statements | 5.9/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.4/10 |
| Retail Appetite | 5.9/10 |
| Top Brokers Review | 6.1/10 |
| Overall Ratings | 6.1/10 |
| Star Ratings | ★★★☆☆ |
Summary of Latteys Industries IPO
The company was originally started as Latteys Pumps Industries Private Limited. It is situated in Ahmedabad, Gujarat. The company begins as a sole proprietorship company. Later it got changed to the status of Private Limited Company. Recently, the company went public. The company was started in the year 2013 but it had obtained tremendous growth within a short span of time.
The amount that will be raised by issuing the IPOs will be used for the general corporate requirements of the company and to raise funds for capital requirements for the functioning of the company. The equity shares in the offering is around 12,22,000 shares out of which majority shares are up for net issue to the public and 62,000 shares are reserved for market makers.
The Promoters of this company are:
- Kapoor Chand Garg
- Pawan Garg
Competitive strengths of Latteys Industries:
- Focus on quality and strength
- Experienced promoters and management
- Wide range of products
- Locational advantage
- Established relationship with clients
Business strategies of Latteys Industries:
- Focus on domestic scale
- Banking on solar pumps
- Capacity expansion
- Optimum utilization of resources
The lead manager to the issue is Pantomath Capital Advisors Private Limited and the registrar to the issue is Linktime India Private Limited.
Open Free* Demat A/C Now! Fill the details below
Latteys Industries IPO Date
The opening and the closing date of the Latteys Industries Limited is not known yet. Once the date is finalised, the details will be updated herein.
Latteys Industries IPO Subscription
| SUBSCRIPTION | |
| DAY 1 | x |
| DAY 2 | x |
| DAY 3 | x |
| DAY 4 | x |
| DAY 5 | x |
The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Latteys Industries IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Latteys Industries Limited IPO Price Band
The face value of each share is Rs 10 but the price band of the IPO is Rs 66 per share.
Latteys Industries Limited IPO Issue Size
The Latteys Industries Limited Issue Size is below Rs 928.80 lakhs.
Latteys Industries Limited IPO Equity Share Offerings
The equity shares in the offering are around 12, 22,000 shares out of which majority shares are up for net issue to the public and 62,000 shares are reserved for market makers.
Latteys Industries Limited –Company Overview
Latteys Industries is a leading manufacturer and exporter of different types of pumps. The company based in Gujarat is known for the quality products they provide. The manufacturing company started with humble beginnings in the year 2004.
The pumps are made using the state of the art technology that they have a long-lasting life. The combined efforts of the promoters of the company have actually helped market the products of the group.
The manufacturing place is located about 40 km from the bustling city of Ahmedabad that it is easy to find larger space to install that world class machinery. The pipes of Lattey are used by people from all walks of life owing to their price and quality.
The Key Members of the company are:
- Kapoor Chandra Garg-Chairman and MD
- Pawan Garg, Whole time Director
- Viralbhai Patel, Chief Financial Officer
- Jayesh Bhavsar, Company Secretary and Compliance Officer
Latteys Industries Limited –Financial Statements
Have a look at the Financial Stability of the company before you invest in it.
The asset of the Company
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Non-Current Assets | 474.2 | 474.52 | 365.12 | 289.52 |
| Current Assets | 2,137.75 | 1,539.83 | 1100.95 | 465.83 |
| Total Assets | 2,611.95 | 2,014.35 | 1,466.07 | 1,255.35 |
Revenue and PAT of the company
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Revenue | 3,577.44 | 2,605.11 | 2,153.37 | 1,855.66 |
| Profit After Tax | 55.62 | 31.09 | 13.98 | 14.09 |
Earnings per Equity Share
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic | 1.72 | 1.03 | 0.55 | 0.58 |
| Diluted | 1.72 | 1.03 | 0.55 | 0.58 |
Along with the revenue numbers, the profit and the EPS have also been increasing. While the revenue has doubled over the period, the resultant profit has increased 3 to 4 times thereby showing a cost efficiency element and also the economies of scale that the company is benefited with.
Latteys Industries Limited-Promoters
The Promoters of this company are:
- Kapoor Chand Garg
- Pawan Garg
Payment or Benefit to the Promoter of the company
There are no cases that the people of the company are involved that they are in a pressure situation to sell off one’s property.
Interest in the promotion of the company
The promoters have worked together to promote the company in all means except for the buying of equity shares.
Interest in property of the company
The promoters do not have any interest in the property of the company. They manage the resources but are never interested in the property.
Interest as a creditor
The promoters of the company have not availed any loans using the company name.
Interest in transactions involving the acquisition of land
There are many transactions involved in the acquisition of land for the company and the company is seen to disapprove its interest.
Latteys Industries Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 12,22,000 Equity Shares of the face value of Rs.10/- each fully paid off the Company for cash at price of Rs.66/-per Equity Share aggregating Rs. 806.52 lakhs |
| Of which: | |
| Reserved for Market Makers | 62,000 Equity Shares of the face value of Rs. 10/- each fully paid off the Company for cash at price of Rs 66/- per Equity Share aggregating Rs. 40.92 lakhs |
| Net Issue to the Public | 11,60,000 Equity Shares of the face value of Rs.10/- each fully paid off the Company for cash at price of Rs. 66/- per Equity Share aggregating Rs. 765.60 lakhs |
| Of which: | |
| Retail Investors Portion | 5,80,000 Equity Shares of the face value of Rs. 10/- each fully paid off the Company for cash at price of Rs. 66/- per Equity Share aggregating Rs. 382.80 lakhs will be available for allocation for allotment to Retail Individual Investors of up |
| to Rs. 2 lakhs | |
| Non-Retail Investors Portion | 5,80,000 Equity Shares of the face value of Rs. 10 /- each fully paid off the Company for cash at price of Rs. 66/- per Equity Share aggregating Rs. 382.80 lakhs will be available for |
| allocation to investors above Rs. 2 lakhs | |
| Equity Shares outstanding prior to the Issue | 33,77,666 Equity Shares |
| Equity Shares outstanding after the Issue | 45,99,666 Equity Shares |
Latteys Industries Limited IPO Issue Object
The following are the reasons why the IPO is to be raised
- To fund the working capital requirements of the company
- For General Corporate Purposes
Latteys Industries Limited IPO-Basis for Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors. The face value of the equity share is Rs 10 and issue price is Rs 66 per equity share and 6.6 times the face value of the equity shares.
Qualitative factors are:
- The focus is more on quality and innovation
- Highly experienced managers and promoters
- Great Rapport with clients
- The advantage over Location and variety of products offered
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS) as per Accounting Standard 20 as adjusted for changes in capital
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 66 per Equity Share of Rs. 10 each fully paid up
- Return on Net worth (RoNW)
- Minimum Return on Total Net Worth post Issue needed to maintain Pre-Issue EPS for the year ended March 31, 2017, is 6.81%]
- Net Asset Value (NAV)
eys Industries Limited IPO Lead Manager
| Lead manager to the issue |
| Pantomath Capital Advisors Private Limited |
Latteys Industries IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Repu-tation | Compe-titive Edge | Finan-cial State-ment | Popu-larity Index | Promo-ters Repu-tation |
| Angel Broking | 5.8/10 | 6.1/10 | 5.9/10 | 5.9/10 | 5.9/10 |
| Sharekhan | 5.7/10 | 6.1/10 | 5.7/10 | 5.9/10 | 5.7/10 |
| Kotak Securities | 5.8/10 | 6.0/10 | 5.7/10 | 5.7/10 | 5.7/10 |
| ICICI Direct | 5.8/10 | 6.1/10 | 5.8/10 | 5.9/10 | 5.9/10 |
| IIFL | 5.6/10 | 6.0/10 | 5.8/10 | 5.8/10 | 5.8/10 |
| Edelweiss | 5.8/10 | 6.1/10 | 5.9/10 | 5.9/10 | 5.7/10 |
| Zerodha | 5.8/10 | 6.0/10 | 5.7/10 | 5.7/10 | 5.7/10 |
| 5Paisa | 5.8/10 | 6.1/10 | 5.9/10 | 5.9/10 | 5.9/10 |
| Karvy | 5.8/10 | 6.1/10 | 5.7/10 | 5.9/10 | 5.9/10 |
| Motilal Oswal | 5.8/10 | 6.1/10 | 5.7/10 | 5.9/10 | 5.7/10 |
Latteys Industries Limited IPO Grey Market Premium
The Latteys Industries Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
Open Free* Demat A/C Now! Fill the details below
Market Guide
Featured Topics