L.K. Mehta Polymers IPO
Open SmeCurrent GMP
₹5 (+7.04%)
Price Band
₹ 71 – 71
Lot Size
1600
Issue Size
₹7.38 Cr
Minimum Investment
₹227200 (3200 Shares)
Listing Date
21 February 2025
Subscription
44.62x
About the Company
L.K. Mehta Polymers Limited was incorporated on January 2, 1995, as a public limited company. It initially acquired the sole proprietorship business of M/s. Sajjan Plastic Industries. The company, promoted by Kamlesh Mehta HUF and their relatives, started with manufacturing ropes, twines, and granules, and expanded over the years into producing woven sack bags and pipes. In 2002, the company established a new production unit, which became operational in 2004. By 2022, the unit was transferred, marking a significant transition in its operations.
The company trades and manufactures a wide range of plastic products, including monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine (sutli), as well as polyethylene and polypropylene granules. These products serve industries like agriculture, transport, mining, and packaging. The brand “Super Pack” is associated with high-quality products and strong customer relationships.
Key competitive strengths of L.K. Mehta Polymers include:
- Experienced Promoters: The promoters bring over three decades of experience in the plastic industry, enabling the company to leverage market opportunities effectively.
- Generational Management: The company has successfully navigated market changes through three generations, ensuring long-term sustainability and growth.
- Quality Service: Stringent systems are in place to ensure timely deliveries, product quality, and customer satisfaction, resulting in strong customer loyalty and repeat orders.
- High Level of Customer Satisfaction: Timely deliveries, ease of ordering, and excellent customer service have contributed to high customer satisfaction and a loyal client base.
- Existing Client Relationships: Strong existing relationships with customers lead to repeat business and provide a competitive edge in acquiring new clients.
Through continuous innovation and maintaining high standards, L.K. Mehta Polymers remains a significant player in the plastic products industry.
Promoters
- Mr. Kamlesh Mehta
- Rina Mehta
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.92%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirement
- General Corporate Purpose
Address / Contact Info
L.K. Mehta Polymers Limited
1103/2, Mhow-Neemuch
Road, Ratlam, Madhya
Pradesh, India, 457001
Phone: +91-9669903095
Email: info@lkmehtapolymersltd.com
Website: https://lkmehtapolymersltd.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 13 February 2025
IPO Close Date
Monday, 17 February 2025
Basis of Allotment
Tuesday, 18 February 2025
Initiation of Refunds
Wednesday, 19 February 2025
Credit of Shares to Demat
Wednesday, 19 February 2025
Listing Date
Friday, 21 February 2025 — NSE & BSE
Important Dates
Open Date
13 February 2025
Close Date
17 February 2025
Basis Of Allotment
18 February 2025
Listing Date
21 February 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11.76 | 10.49 | 7.2 | 8.23 |
| Revenue | 4.01 | 18.87 | 17.14 | 11.94 |
| Profit After Tax | 0.21 | 0.86 | -0.01 | 0.04 |
| Net Worth | 3.53 | 3.02 | 2.16 | 2.17 |
| Reserve & Surplus | 0.73 | 2.39 | 1.54 | 1.54 |
| Total Borrowings | 6.72 | 6.48 | 3.9 | 4.39 |
EPS Pre
3.06%
EPS Post
2.18%
P/E Pre
23.24
P/E (Post Issue)
32.50x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 28.35 |
| ROCE % | 16 |
| Debt / Equity | 2.15 |
| RoNW % | 28.35 |
| PbW | 0 |
| Pat Margin % | 4.53 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 492800 | 50 | 0 |
| Retail Investors | 492800 | 50 | 0 |
| Total | 985600 | 100 | 0 |
Subscription Status ( Mon, 17 Feb 25 01:17 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 492800 | 21187200 | 42.99x |
| Retail Investors | 492800 | 22793600 | 46.25x |
| Total | 985600 | 43980800 | 44.62x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 113,600.00 |
| Retail (Max) | 1 | 1,600 | 113,600.00 |
| S-HNI (Min) | 2 | 3,200 | 227,200.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Swastika Investmart Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
L.K. Mehta Polymers IPO is a Fixed price IPO worth ₹7.38 crores. The price band is ₹71 to 71 per share. The IPO opens on Thu, Feb 13, 2025 and closes on Mon, Feb 17, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The L.K. Mehta Polymers IPO opens on Thu, Feb 13, 2025 and closes on Mon, Feb 17, 2025
L.K. Mehta Polymers IPO Price Band is ₹71 to 71.
L.K. Mehta Polymers IPO lot size is 1600, and the minimum amount required for application is ₹227200.
The minimum investment for L.K. Mehta Polymers IPO is approximately ₹227200 based on the upper price band.
To apply for the L.K. Mehta Polymers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Feb 17, 2025. After submission, funds are blocked until the basis of allotment of L.K. Mehta Polymers IPO is finalised.
L.K. Mehta Polymers IPO issue size is ₹7.38 crores.
L.K. Mehta Polymers IPO allotment date is Sat, Jun 27, 2026.
The registrar for L.K. Mehta Polymers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to L.K. Mehta Polymers IPO through their official website or helpline.
The L.K. Mehta Polymers IPO GMP (Grey Market Premium) is ₹5 as of Fri, Feb 21, 2025. Based on the upper price band of ₹71 per share, the estimated L.K. Mehta Polymers IPO listing price is ₹76, indicating a potential listing gain of approximately 31% over the issue price.