LK Mehta Polymers: LK Mehta Polymers shares get listed at 0.14% premium!LK Mehta Polymers: LK Mehta Polymers shares get listed at 0.14% premium!

LK Mehta Polymers IPO had a lackluster debut on February 21, listing at ₹71.10 on the BSE SME. The stock opened marginally higher, rising only 0.14% from its issue price of ₹71, indicating limited enthusiasm among investors at the time of listing.

LK Mehta Polymers IPO saw strong demand on Day 3, with a subscription of 44.57 times. Investors bid for 4.39 crore shares against 9.85 lakh on offer. The retail segment was subscribed 46.25 times, while non-institutional investors subscribed 42.88 times, reflecting high interest.

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L.K. Mehta Polymers Limited manufactures and trades plastic products like ropes, twines, and granules, serving agriculture, shipping, mining, and packaging industries. Branded as “Super Pack,” it ensures quality and durability. Established in 2004, the company maintains strong revenue growth through reliability and long-term customer relationships.

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L.K. Mehta Polymers Ltd aims to utilize ₹5.34 crore for working capital needs and ₹1.34 crore for corporate purposes, including growth, debt servicing, and business expansion, ensuring financial stability and operational flexibility.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.