Latteys Industries Limited SME IPO

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. 

Issue Details

Latteys Industries Limited SME IPO
 Issue Open

 May 23, 2018 - May 28, 2018 
 Issue Price  Rs 66 Per Equity Share 
 Market Lot  2000 Shares
 Minimum Order  Quantity  2000 Shares
 Issue Size  1,222,000 Equity Shares of Rs 10 aggregating up to Rs 8.06 Cr  
 Face Value  Rs 10/-
 Listing At  NSE SME

 

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.

Objects of the Issue:

The Objects of the Issue are-
1. Funding the working capital requirements of the Company
2. General corporate purposes.


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