Samco securities limited

Priti International Limited IPO

Add to Calendar 2018-06-11 12:00 AM 2018-06-13 12:00 AM Asia/Kolkata Priti International Limited IPO Priti International Limited India

Priti International limited is a jodhpur based company engaged in manufacturing and exporting handicraft products. The company is also engaged in upcycling and recycling of various kinds of products. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products and many more.
The company employs 45+ employees on its payroll to serve its markets.

Date of establishment: The company was incorporated in November 11, 2017. Priti international acquired the M/s. Priti International a proprietary concern functional since 2002.

Promoters of Priti International Limited: Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Goverdhan Das Lohiya HUF and Ritesh Lohiya HUF are the promoters of the company.

Products and Services offered:  The company primarily manufactures and exports handicraft products. The company is also involved in the manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles.

Customer Segment: Priti International majorly tackles the need of the international markets. The company exports its products to developed countries and Asian markets like Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany through the chain of wholesalers and retailers.   

Objective of the Issue: Objective of the Issue are-
-       Purchase of Plant & Machinery and related civil work;
-       Funding the working capital requirements of the Company;
-       General Corporate Purposes.

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Issue Detail

  • Issue Open: Jun 11, 2018
  • Issue Close: Jun 13, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 75 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: NSE SME
  • Issue Size: Rs 5.26 Cr

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