Piotex Industries Limited
ListedSMEEmerging SME Services · BSE
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.
Price Band
₹94
Issue Size
₹14.47 Cr
Lot Size
1200 shares
GMP
₹33
+35.1%
Est. Listing
₹127
at current GMP
Subscribed
107.50x
overall
Open
10 May 2024
Close
14 May 2024
Allotment
15 May 2024
Refund
16 May 2024
Demat Credit
17 May 2024
Listing
17 May 2024
Last updated 12 days ago
Overall Subscription
107.50x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
121.66x
High Net-Worth
Retail (RII)
93.33x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 730,800 | 88,911,600 | 121.66x |
| RETAIL | 730,800 | 68,203,200 | 93.33x |
| Total | 1,461,600 | 157,114,800 | 107.50x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 449 | 41,905 | 93.33x |
| HNIs (10L +) | 3 | 365 | 121.66x |
| HNIs (2-10L) | 14 | 1,703 | 121.66x |
| Total Applications | 466 | 43,973 | 94.36x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Piotex Industries Limited Public Issue & Market Profile
Piotex Industries Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.47 Crores. The shares are offered at a price band of ₹94 to ₹94 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2024-05-14, the basis of allotment is scheduled to be finalized on 2024-05-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Piotex Industries Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Piotex Industries Limited IPO is ₹33 per equity share. Based on the upper price band of ₹94 to ₹94 per equity share, the estimated listing price is ₹127 (+35.1% expected listing gain).
What is the expected profit per lot for Piotex Industries Limited IPO?
With a lot size of 1200 shares and current GMP of ₹33, the expected profit per application lot is approx ₹39,600 (+35.1% gain). Minimum application cost is approx ₹1,12,800.
What is the issue size and price band for Piotex Industries Limited IPO?
The Piotex Industries Limited IPO aggregate issue size is ₹14.47 Crores with an equity price band set at ₹94 to ₹94 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,12,800.
How can I check Piotex Industries Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 107.50x (Retail: 93.33x, QIB: 0.00x, NII: 121.66x). You can track live multiples directly on our dedicated subscription page.
Where and when will Piotex Industries Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-05-15. Investors can verify status using PAN card or application number.
When is the listing date for Piotex Industries Limited IPO?
Piotex Industries Limited shares are scheduled to list on BSE on 2024-05-17.