L.K. Mehta Polymers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 13 Feb 2025
Close Date
Mon, 17 Feb 2025
Issue Price
₹ 71
Lot Size
1600
Issue Size
₹ 7.38 Cr
Minimum Investment
₹ 227,200 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
L.K. Mehta Polymers IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹7.38 Crore, comprising a fresh issue of 10.40 Lakh equity shares aggregating to ₹7.38 Crore.
The L.K. Mehta Polymers IPO remained open for subscription from February 13, 2025, to February 17, 2025. The basis of allotment was finalized on February 18, 2025, and the company's shares were listed on BSE SME Platform on February 21, 2025.
The company had fixed the price at ₹71 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹227,200 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Swastika Investmart Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, L.K. Mehta Polymers Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
L.K. Mehta Polymers IPO Timeline (Tentative)
- IPO Open Date
- Thu, 13 Feb 25
- IPO Close Date
- Mon, 17 Feb 25
- Basis of Allotment
- Tue, 18 Feb 25
- Initiation of Refunds
- Wed, 19 Feb 25
- Credit of Shares to Demat
- Wed, 19 Feb 25
- Listing Date
- Fri, 21 Feb 25 — NSE & BSE
Open Date
13 February 2025
Close Date
17 February 2025
Basis Of Allotment
18 February 2025
Listing Date
21 February 2025
IPO Subscription
Check Live Subscription →The L.K. Mehta Polymers IPO has received bids for 4,39,80,800 shares against 9,85,600 shares offered, resulting in an overall subscription of 44.62x. the NII category is subscribed 42.99x, Retail Investors 46.25x, and QIBs 0x.
QIB
0x
NII
42.99x
RII
46.25x
Total
44.62x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,92,800 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 4,92,800 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 492,800 | 50% |
| Retail Investors | 492,800 | 50% |
| Total | 985,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
L.K. Mehta Polymers Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 28.35 |
| ROCE % | 16 |
| Debt / Equity | 2.15 |
| RoNW % | 28.35 |
| Pat Margin % | 4.53 |
Peers Comparison
No Peer Comparision Available
About L.K. Mehta Polymers Limited
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.
L.K. Mehta Polymers IPO Promoters
- Mr. Kamlesh Mehta
- Rina Mehta
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.92%
L.K. Mehta Polymers IPO Objective
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Incremental Working Capital Requirement
- General Corporate Purpose
L.K. Mehta Polymers Limited Address / Contact Details
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
L.K. Mehta Polymers IPO Lot Size
The L.K. Mehta Polymers IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,13,600 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,13,600.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the L.K. Mehta Polymers IPO?
L.K. Mehta Polymers IPO is a Fixed price IPO with a total issue size of ₹7.38 crore. The L.K. Mehta Polymers IPO price band is ₹71 to 71 per share. The L.K. Mehta Polymers IPO subscription opens on Thu, Feb 13, 2025, and closes on Mon, Feb 17, 2025. The L.K. Mehta Polymers IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the L.K. Mehta Polymers IPO.
When will the L.K. Mehta Polymers IPO open for subscription?
The L.K. Mehta Polymers IPO opens on Thu, Feb 13, 2025 and closes on Mon, Feb 17, 2025
What is L.K. Mehta Polymers IPO Price Band?
L.K. Mehta Polymers IPO Price Band is ₹71 to 71 per share.
What is L.K. Mehta Polymers IPO Lot Size?
L.K. Mehta Polymers IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹227200 based on the upper price band
What is the minimum investment for L.K. Mehta Polymers IPO?
The minimum investment for L.K. Mehta Polymers IPO is ₹227200, based on one lot of 1600 shares at the upper price band of ₹71 per share.
How to apply for L.K. Mehta Polymers IPO?
Investors can apply for the L.K. Mehta Polymers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Feb 17, 2025. The application amount remains blocked until the L.K. Mehta Polymers IPO allotment is finalized.
What is L.K. Mehta Polymers IPO Issue Size?
L.K. Mehta Polymers IPO issue size is ₹7.38 crores.
What is the L.K. Mehta Polymers IPO Allotment Date?
L.K. Mehta Polymers IPO allotment date is Tue, Feb 18, 2025.
Who is the L.K. Mehta Polymers IPO Registrar?
The registrar for L.K. Mehta Polymers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check L.K. Mehta Polymers IPO allotment status, refund processing, and other IPO-related information.
What is the L.K. Mehta Polymers IPO GMP?
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 7.04% over the issue price.
Who is the L.K. Mehta Polymers IPO Lead Manager?
The book-running lead managers (BRLMs) for the L.K. Mehta Polymers IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the L.K. Mehta Polymers IPO Red Herring Prospectus (RHP).