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Piotex Industries IPO
Price Band
₹
Issue Size
₹14.47 Cr
Lot Size
1,200 shares
Min Investment
₹112,800
GMP
+₹33.0 (35.11%)
Issue Price
₹94.0
Subject to Sauda
₹30100
Paid only if allotted
Piotex Industries IPO AI Summary
- Piotex Industries IPO is listed on BSE SME in the Other Textile Products sector.
- Subscription window: 10 May–14 May 2024, listing on 17 May 2024.
- Current GMP is +₹33.0 (35.11%) — unofficial and can change daily.
Piotex Industries Limited is set to list on 17 May 2024, following an IPO priced at ₹94.0 per share. The company has shown consistent growth in revenue and profit over the past three years, with a current Grey Market Premium of ₹33.0, suggesting positive market sentiment.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Piotex Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Piotex Industries IPO Grey Market Premium (GMP) Today
GMP
+₹33.0
GMP %
+35.11%
Est. Listing
₹127.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales for various purposes such as apparel and home textiles. The company also manufactures cotton yarn under an outsourcing model (job- work) The company has two main business areas: Trading in cotton bales, synthetic fibers, cotton yarns, and fabrics: The company manufactures and trades in cotton bales and cotton yarn in the textile centers of Maharashtra, namely Malegaon, Ichalkaranji and Bhiwandi. The company also supplies cotton yarn to Burhanpur and Ahmedabad. For its end product, cotton yarn, the company has entered into an exclusive distribution agreement with Babasaheb Deshmukh Industries Private Limited. Contract Labor and Fabric Weaving: Under this arrangement, the company supplies the yarn to the contract workers and the weaving mill who carry out the weaving process at a contractually agreed price and return the finished product. The finished product, i.e. the fabric, is then sold to the customers. As of March 31, 2024, the company has 18 employees on the payroll.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 36.11 | 17.58 | 13.85 |
| Total Income | 118.94 | 86.67 | 80.46 |
| Profit After Tax | 3.01 | 2.89 | 0.74 |
| NET Worth | 8.97 | 4.40 | 1.51 |
| Reserves and Surplus | 5.82 | 4.25 | 1.36 |
| Total Borrowing | 4.46 | 3.72 | 5.29 |
Key Ratios
EPS
₹8.44
NAV
₹25.17
ROE
44.99%
ROCE
33.20%
RoNW
33.53%
P/B Value
3.73
P/E Ratio
11.14
Market Cap
₹47.97 Cr
PAT Margin
2.54%
Debt/Equity
0.50
Promoters
Abhay Shriram Asalkar and Yogesh Omprakash Nimodiya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the Working Capital Requirement 10.51 2 General Corporate Expenses 2.71
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹80.46 Cr in the year ending 31 Mar 2022, increasing to ₹86.67 Cr by 31 Mar 2023, and further rising to ₹118.94 Cr by 31 Mar 2024. This shows a consistent upward trend in revenue over the observed periods.
Profit Trend
Profit After Tax was ₹0.74 Cr for the year ending 31 Mar 2022, which increased to ₹2.89 Cr by 31 Mar 2023, and further rose to ₹3.01 Cr by 31 Mar 2024. This indicates a positive growth trajectory in profitability across the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's business model, market position, and financial health before making any decisions.
Who May Want to Wait
Investors who are risk-averse or those looking for stable, established companies may want to avoid this IPO. Additionally, individuals who are uncomfortable with the textile sector's market fluctuations might consider other investment options.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Piotex Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Piotex Industries IPO GMP today?
Piotex Industries IPO GMP today is +₹33.0 (35.11%). GMP is an unofficial grey-market indicator and can change daily.
When does Piotex Industries IPO open and close?
Piotex Industries IPO opens on 10 May 2024 and closes on 14 May 2024.
When does Piotex Industries IPO list on the stock exchange?
Piotex Industries IPO listed on 17 May 2024 at ₹127.0.
What is the lot size for Piotex Industries IPO?
The lot size for Piotex Industries IPO is 1200 shares, requiring a minimum investment of ₹112,800.
What is the issue price of the IPO?
The issue price of the IPO is ₹94.0.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹112,800.0.
When is the listing date for the IPO?
The listing date for the IPO is 17 May 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the shares based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 May 2024
Close
14 May 2024
Allotment
15 May 2024
Listing
17 May 2024
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