L.K.Mehta Polymers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the L.K.Mehta Polymers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹71
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,13,600
Issue Size
₹7.38 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
L.K.Mehta Polymers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.92%
Issue Type
Fixed Price - SME
ISIN
INE0FFF01017
About the Company
Our company is actively involved in the trading and manufacturing of comprehensive array of Plastic products, addressing the diverse needs of our discerning customers. Our product line is specifically designed to encompass a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, packaging twine (sutli).
Industry Overview
India Rope Market registered a growth of 0.24% in value shipments in 2022 as compared to 2021 and an increase of 10.51% CAGR in 2022 over a period of 2017. In Rope Market India is becoming less competitive as HHI index in 2022 was 1566 while in 2017 it was 1122. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Rope Market. India Rope market currently, in 2023, has witnessed an HHI of 1628, which has decreased substantially as compared to the HHI of 2919 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Company History
Our Company was originally incorporated as Public Limited, under the Companies Act, 1956 ("Companies Act") in the name and style of "L.K.Mehta Polymers Limited" on January 02nd, 1995 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gwalior, Madhya Pradesh with a object to acquire and takeover the existing proprietorship business of a sole proprietorship as going concern carried by Suresh Kumar Mehta in the name and style as `Sajjan Plastic Industries'. As on date of this Prospectus the Corporate Identification Number of our Company is U25206MP1995PLC008901.
Products & Services
- The company is actively involved in the trading and manufacturing of comprehensive array of Plastic products, addressing the diverse needs of its discerning customers.
Growth Strategy
- Focus on dealing in quality standard products.
- Develop cordial relationship with our Suppliers, Customer and employees.
- Diversification- addition in our Geographical reach.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 10,40,000 equity shares of face value of Rs. 10/- each of L.K.Mehta Polymers Limited ("L.K. or the "Company" or the Isuer") for cash at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share (the "Issue Price") aggregating to Rs. 7.38 crores ("The Issue"), of which 54,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share aggregating to Rs. 0.38 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 9,85,600 equity shares of face value of Rs. 10/- each at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share aggregating to Rs. 7.00 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.08% and 25.67% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 71/-. The issue price is 7.10 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters.
- Generational Management.
- Quality Service.
- High Level of Customer Satisfaction.
- Existing Client Relationship.
- Our Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability.
- Our Company is dependent on few States. Loss of any of this large States may affect our business operations.
- Our Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect our business operations.
- Our business is dependent on our manufacturing facility. The loss of or shutdown of operations of our manufacturing facility may have a material adverse effect on our business, financial condition and results of operations.
- Some part of our revenue from operation is generated from sale of Gold and related products.