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PIOTEXSME / BSEListed

Piotex Industries Limited

Piotex Industries Limited is a textile company specializing in contract manufacturing and trading of yarns, fabrics, and cotton bales. Operating in key textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, the company also supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for cotton yarn products. It also offers contract labor and fabric weaving services, streamlining production by supplying yarn to weaving mills and contract workers who convert it into fabric under agreed terms. With a dedicated team of 18 employees (as of March 31, 2024), Piotex continues to strengthen its presence in the textile industry through a diverse and efficient business model.

₹94 - ₹94107.5x sub
Listed Price109.00
Listing Gain+15.96%
TimelineFixed Price Issue IPO
Open10 May 2024
Close14 May 2024
Allotment15 May 2024
Listing17 May 2024

Quota Reservation Portions

RetailPortion: 7,30,800 shares
47.5%
OtherPortion: 7,30,800 shares
47.5%
Market MakerPortion: 78,000 shares
5.1%

Minimum Application Bracket Matrix

Retail1 lots / 1,200 shares
₹1,12,800
HNI2 lots / 2,400 shares
₹2,25,600

About the Company

Piotex Industries Limited is a textile company specializing in contract manufacturing and trading of yarns, fabrics, and cotton bales. Operating in key textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, the company also supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for cotton yarn products. It also offers contract labor and fabric weaving services, streamlining production by supplying yarn to weaving mills and contract workers who convert it into fabric under agreed terms. With a dedicated team of 18 employees (as of March 31, 2024), Piotex continues to strengthen its presence in the textile industry through a diverse and efficient business model.

Company Promoters

Mr. Abhay Shriram AsalkarMr. Yogesh Omprakash Nimodiya