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PIOTEXSME / BSEListed
Piotex Industries

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 Price₹109.00
Listing Gain+15.96%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open10 May 2024
Close14 May 2024
Allotment15 May 2024
Listing17 May 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail7,30,800 shares
47.5%
Other7,30,800 shares
47.5%
Market Maker78,000 shares
5.1%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,12,800
HNI2 Lots (2,400 shares)
₹2,25,600

Company Promoters

Mr. Abhay Shriram AsalkarMr. Yogesh Omprakash Nimodiya

Company Background

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 Pr...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹11893.88 Cr
Growth+47.8%
Revenue Trend (₹ in Crores)
0.04.6k9.1k13.7kMar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2411,893.88300.803,610.59445.94
Mar-238,667.21288.751,757.68372.30
Mar-228,046.3974.291,385.47528.58

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-248.4844.99%33.20%3.7311.14
Mar-2311.6797.65%59.34%00
Mar-223.0065.11%50.50%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
15 May 2024
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
17 May 2024

Official Allotment Verification Links

Official Registrar Portal
Cameo Corporate Services Limited

Direct allotment verification on the official registrar portal appointed for Piotex Industries. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 May 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 May 2024Trading commences on exchange

How to Check Piotex Industries Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Piotex Industries from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Piotex Industries IPO

Complete issue overview for Piotex Industries (PIOTEX) IPO. The issue features an equity share price band of ₹94 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,12,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions