February 21, 2025
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What was the last grey market premium of LK Mehta Polymers IPO?
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Subscription status of LK Mehta Polymers IPO
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L.K. Mehta Polymers Limited IPO Price Rs. 71 Lot 1600 shares, Rs. 7.38 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 42.88 | 46.25 | 44.57 | 25077 | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of LK Mehta Polymers?
L.K. Mehta Polymers Limited, established in 1995, specializes in the trading and manufacturing of plastic products.
In addition to plastic products, the company engages in the trading and reprocessing of key raw materials such as polypropylene and polyethylene granules, serving a diverse range of customers.
The company markets its products under the “Super Pack” brand, a testament to its commitment to high-quality standards and fostering long-term customer relationships.
L.K. Mehta Polymers implements rigorous systems to ensure timely deliveries and minimize errors. Their process includes comprehensive order checks at every stage, emphasizing consistent service and customer satisfaction.
Product Portfolio:
- Ropes: Monofilament Ropes, Danline Ropes, and Tape Ropes. These products are utilized in non-ISI sectors such as transportation, agriculture, and packaging, as well as high-risk industries like shipping, mining, and heavy machinery transport.
- Twines: Baler Twine and Packaging Twine (Sutli). These products find applications in agriculture, harvesting, stationery, handicrafts, retail packaging, consumer goods, and household use.
- Granules: Polyethylene and Polypropylene, used for reprocessing and manufacturing various plastic products.
As of January 25, 2025, the company employs 21 full-time staff members.
Get more information about the company @ https://lkmehtapolymersltd.com/
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LK Mehta Polymers IPO Details |
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| IPO opens on | 13 February 2025 |
| IPO closes on | 17 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1040000 Shares / Rs 7.38 Crore |
| * Fresh Issue | 1040000 Shares / Rs 7.38 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 54400 Shares |
| Net offer to Public | 985600 Shares/ Rs 7.00 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 71 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 492800 | 3.50 |
| HNI (15%) | 147840 | 1.05 |
| RII (35%) | 344960 | 2.45 |
| Total Shares | 985600 | 7.00 |
| Retail portion will be oversubscribed by |
216 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.113600 |
| Min HNI Application | 3200 Shares | Rs. 227200 |
Who are the Promoters of LK Mehta Polymers?
Mr. Kamlesh Mehta and Rina Mehta are the promoters of the company.
What are the Objects of LK Mehta Polymers IPO?
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirement
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 13 February 2025 |
| IPO Closes on | 17 February 2025 |
| IPO Allotment on | 18 February 2025 |
| Refund Initiation | 19 February 2025 |
| Credit of Shares | 19 February 2025 |
| Listing on | 20 February 2025 |
| Registered Office of the Company L.K. Mehta Polymers Limited 1103/2, Mhow-Neemuch Road, Ratlam, 457001 |
| Who is the Lead Manager of this IPO? Swastika Investmart Ltd |
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Who is the Registrar to IPO? |
LK Mehta Polymers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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LK Mehta Polymers IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 11.94 | 0.04 | ||
| 2022-23 | 17.14 | -0.01 | ||
| 2023-24 | 18.87 | 0.86 | 3.06 | 28.35 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 71 | ||
Key Performance
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| Price/EPS of 23-24 | 41.04 |
| Price/BV Ratio | 5.88 |
| Debt/Equity Ratio | 2.16 |
How LK Mehta Polymers IPO compares with the Peers?
| As per RHP | FV | Price | PE |
| Bookvalue | Ratio | ||
| Ratio | |||
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LK Mehta Polymers IPO Review by Paresh Gordhandas, CA & Research Analyst.
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