LK Mehta Polymers IPO opens today: Check price band, GMP, key dates and other details

The SME IPO of LK Mehta Polymers will be launched on February 13 and close on February 17. The company is offering about 10.4 lakh shares in a fresh equity sale, aiming to raise about Rs 7 crore. The share allotment for the IPO will be finalised on February 18 and the listing will take place on February 20.

The IPO proceeds will be used for meeting working capital requirements and general corporate purposes.

Check LK Mehta Polymers IPO price band

LK Mehta Polymers IPO is priced in the range of Rs 71 apiece, where investors can bid for 1600 shares in one lot and in multiples thereafter.

Check latest GMP of LK Mehta Polymers

LK Mehta Polymers is currently boasting a GMP of Rs 10 in the unlisted market, which comes to a premium of 14% over the issue price.

LK Mehta Polymers IPO details

The company is actively involved in the trading and manufacturing of a comprehensive array of plastic products, addressing the diverse needs of its discerning customers.

Its product line is specifically designed to encompass a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, packaging twine.

India rope market registered a growth of 0.24% in value shipments in 2022 as compared to 2021 and an increase of 10.51% CAGR in 2022 over a period of 2017.

For the period ended December 2024, the company clocked revenues of Rs 11.85 crore and a profit after tax of Rs 41 lakh in the same period.

Swastika Investmart is the book-running lead manager of the LK Mehta Polymers IPO and Bigshare Services is the registrar.

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