Piotex Industries Limited IPO Closed

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IPO date 10th – 14th May 2024
Listing date 17 May 2024
Type SME
Price range 94 – 94
Minimum order quantity 1200
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Piotex Industries Limited is launching its IPO. The offer opens for subscription on May 10, 2024, and closes on May 14, 2024.

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.

What does Piotex Industries Limited do?

Piotex Industries Private Limited, specializes in contract manufacturing and trading of yarn, fabric, and cotton bales. Established in October 2019, it operates primarily in Maharashtra’s textile hub, supplying various products for garments and home furnishings. Their activities include trading cotton bales, synthetic fiber, yarn, and fabric, as well as manufacturing cotton yarn through a job-work model.

The company ensures consistent quality by controlling raw material selection from ginning and employing modern technology for processing. Skilled professionals, including project managers and quality assurance specialists, drive the company’s commitment to high-quality solutions. With a focus on customer satisfaction and brand image development, the company maintains long-term customer relations and repeat order flows.

Schedule/Timeline of Piotex Industries Limited IPO

Issue Period 10th May to 14th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 15, 2024
Initiation of Refunds May 16, 2024
Credit of Shares May 16, 2024
Date of Listing May 17, 2024
Mandate end date May 29, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 14, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 13, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Piotex Industries Limited IPO?

You can apply for the Piotex Industries Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Piotex Industries Limited IPO?

You can check the allotment status for the Piotex Industries Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.