Latteys Industries Limited IPO
Issue Analysis :
|Issue opens||May 23, 2018|
|Issue Closes||May 28, 2018|
|Issue Size||8.06 Cr|
|Lead Manager||PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED|
|Registrar||Link Intime India Private Ltd|
Company’s Snapshot :
Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.
Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
Object of the Issue :
The Objects of the Issue are-
- Funding the working capital requirements of the Company
- General corporate purposes.
Financial Highlights :
|Summary of financial Information (Restated)|
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||55.62||31.09||13.98||14.09|
The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.
Contact Company Information:
Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
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