About Latteys Industries Limited IPO
Journey of Latteys Industries Limited IPO: As India’s leading manufacturer of energy efficient submersible pumps, company is well-known in it’s industry. Company create products for a number of sectors including agricultural, industrial, domestic and horticultural. Company is in the business of manufacturing of pumping solutions for Domestic, agriculture & Industrial sectors. Pumps includes Submersible, Self-Priming, Centrifugal Monoblock, Shallow-well and Horizontal Openwell Submersible Pumpsets since year 2004. Now Latteys Industries Limited IPO will be helping the company in expansion as well as working capital requirement of the company.
Company manufactures more than 700 models of pumps at its portfolio. These pumps are manufactured and marketed all over India. Company is pioneer in manufacturing Submersible pumps.
The company started manufacturing in year 2004 in Chhatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in year 2011. The company currently has an installed production capacity of approximate 1,20,000 pumps per annum. The manufacturing facilities are equipped with requisite machineries, measuring instruments and testing equipments to keep up a constant check on quality.
Company’s registered office and manufacturing unit are well equipped with computer systems, internet connectivity, other communications equipment, security and other facilities, which are required for our business operations to function smoothly. It is equipped with requisite utilities and facilities including the power and water.
Latteys Industries Limited IPO is the public issue of 12,22,000 equity shares of face value of Rs. 10 each (equity shares) of Latteys Industries Limited (the company or the issuer) for cash at a price of Rs. 66 per equity’ share, including a share premium of Rs. 56 per equity share (the issue price), aggregating Rs. 8.07 Crores (the issue), of which 62,000 equity’ shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity’ share, aggregating Rs. 0.41 Crores well be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 11,60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity’ share, aggregating Rs. 7.66 Crores is hereinafter referred to as the net issue. The issue and the net issue well constitute 26.57% and 25.21% respectively of the fully diluted post issue paid up equity share capital of the company.
|IPO Size (In Cr.)||Open Date||Close Date||Draft Prospectus|
|Latteys Industries Limited IPO||8.07||23.05.2018||28.05.2018||DRHP|
Lot Size: Minimum Application for urther Multiples of
IPO Registrar for Latteys Industries Limited IPO:
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
IPO Lead Manager for Latteys Industries Limited IPO:
Pantomath Capital Advisors Pvt. Ltd.
The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds 92 % of the shares of the Company.
Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330