Piotex Industries Limited IPO GMP Today, Price Range and Company Details

Piotex Industries IPO is priced at ₹94 per share with no Grey Market Premium. It offers 1200-share lots, with subscriptions available from May 10 to May 14, 2024.
Piotex Industries Limited IPO GMP Today, Price Range and Company Details

As of May 9, 2024, Piotex Industries has ₹0 as Grey Market Premium, with a price range of ₹94 per share. Offering lots of 1200 shares, the subscription window is open from May 10, 2024 to May 14, 2024.

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Piotex Industries Limited GMP Today

The Grey Market Premium (GMP) for Piotex Industries Limited is ₹0 as of May 9, 2024. This assessment coincides with a price of ₹94 per share for the IPO.

Piotex Industries Limited IPO Review

Piotex Industries Limited’s financial outlook presents a mixed scenario. While revenue and equity show consistent growth, indicating potential expansion and reduced debt reliance, profitability improves, boosting investor confidence. Yet, declining RoNW and liquidity issues pose challenges, requiring attention to sustain growth and investor trust.

Despite a positive revenue trajectory and steady equity growth, Piotex Industries faces challenges with decreasing RoNW and liquidity concerns reflected in a declining current ratio. While profitability improves significantly, marked by a notable increase in profit after tax and earnings per share, the company must address liquidity issues to sustain growth and uphold investor confidence amidst this mixed financial performance.

Piotex Industries Limited IPO Date

Piotex Industries Limited will start accepting subscriptions from May 10, 2024, to May 14, 2024.

Piotex Industries Limited IPO Price

Piotex Industries Limited’s price range is ₹94 per share with a face value of ₹10 each.

Piotex Industries Limited

Piotex Industries Ltd specializes in contract manufacturing and trading of yarn, fabric, and cotton bales, primarily serving the garment and home furnishing sectors. They excel in cotton yarn production through outsourcing, emphasizing quality control from raw material selection to manufacturing. With advanced technology and a skilled workforce, they strive for continuous improvement and customer satisfaction, fostering long-term relationships through a positive brand image.

How To Apply For Piotex Industries Ltd IPO?

To apply for Piotex Industries through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Piotex Industries on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Piotex Industries IPO at Alice Blue in just a few clicks!

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