Upcoming SME IPO_ Latteys Industries Limited IPO

Latteys Industries Limited IPO

Issue Analysis : 

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 66
Lot Size 2000
Issue Size 8.06 Cr
Registrar Link Intime India Private Ltd
Platform NSE

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-

  1. Funding the working capital requirements of the Company
  2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Company Promoters:

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
Phone: 079-22823354
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

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