L.K. Mehta Polymers IPO Closed
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Schedule of L.K. Mehta Polymers
| Issue open date | 13 Feb 2025 |
| Issue close date | 17 Feb 2025 |
| UPI mandate deadline | 17 Feb 2025 (5 PM) |
| Allotment finalization | 19 Feb 2025 |
| Refund initiation | 20 Feb 2025 |
| Share credit | 20 Feb 2025 |
| Listing date | 21 Feb 2025 |
| Mandate end date | 04 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 20 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 19 May 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About L.K. Mehta Polymers
L.K. Mehta Polymers, initially incorporated on January 2, 1995, as a public limited company under the Companies Act, 1956, took over the proprietorship business “M/s. Sajjan Plastic Industries” run by Suresh Kumar Mehta. Promoted by Kamlesh Mehta HUF and relatives, the company quickly made its mark in the plastic industry by producing and trading a variety of plastic products, including ropes, twines, and granules. Over the years, it expanded its product line to include polypropylene and polyethylene granules, woven sack bags, and pipes, overcoming challenges like electricity supply issues to enhance its manufacturing capabilities. With its products branded under “Super Pack,” L.K. Mehta Polymers has committed to quality and customer satisfaction, distinguishing itself in a competitive market.
Financials of L.K. Mehta Polymers
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹7.38 crores |
| Fresh Issue | ₹7.38 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirement | 5.34 (79.89%) |
| General corporate purposes | 1.34 (20.11%) |
Strengths
- Established brand “Super Pack” enhancing market visibility and customer loyalty.
- Diverse product range including ropes, twines, and granules catering to varied customer needs.
- Strategic expansion in 2004 diversified product line into woven sack bags and pipes.
- Consistent innovation leading to sustained industry presence and competitive edge.
- Robust trading and manufacturing operations supporting comprehensive plastic product offerings.
Risks
- High dependency on a limited number of customers could impact revenue stability.
- Concentrated sales in five Indian states, posing geographical market risks.
- Reliance on key suppliers may affect operational continuity if relationships are disrupted.
- Potential regulatory changes could impact business operations and compliance costs.
- Financial risks associated with high leverage and repayment obligations impacting liquidity.
Allotment Status for L.K. Mehta Polymers
To check your allotment status – click here.
Subscription Figures for L.K. Mehta Polymers
Subscription numbers as of 5:00 PM on 18 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 4.92 | 211.32 | 42.88x |
| Retail (upto ₹2L) | 4.92 | 227.93 | 46.25x |
| Total | 9.85 | 439.26 | 44.57x |