Latteys Industries Limited IPO

Add to Calendar 2018-05-23 12:00 AM 2018-05-28 12:00 AM Asia/Kolkata Latteys Industries Limited IPO Latteys Industries Limited India

Latteys Industries Limited is Gujarat based company engaged in production of pumping solutions for retail customers as well as industrial sectors. The company started operating from Chatraal, Gujarat and then moved to Naroda Gujarat. Company has around 80 employees to serve the demand generated by customers and clients.

Date of establishment: The company was incorporated in April 2nd, 2013 in Gujarat

Promoters of Latteys Industries Limited: Kapoor Chand Garg and Pawan Garg are the promoters of the company.

Products and Services: The company mainly manufactures pumping solutions for homes, agriculture & industrial sectors. The company has around 700 models of pumps, this includes Submersible, Self-Priming, Centrifugal, Shallow, Horizontal Pumps and many more other types.

Customer segments: The company serves both Domestic and Industrial sectors through its product portfolio

Objectives of the Issue:  The main of objectives of the IPOs are:
-      Meeting the working capital requirements of the Company
-      General corporate purposes.

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Issue Detail

  • Issue Open: May 23, 2018
  • Issue Close: May 28, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 66 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 8.06 Cr

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