Piotex Industries Limited IPO GMP

Piotex Industries is set to launch its IPO with a fixed price issue of Rs 14.47 crores, offering 15.4 lakh shares as fresh issuance.

The subscription period for the IPO begins on May 10, 2024, and concludes on May 14, 2024, with the allotment expected to be finalized on May 15, 2024. Upon listing, which is tentatively scheduled for May 17, 2024, the IPO will trade on the BSE SME platform.

Each share is priced at ₹94, with a minimum lot size for applications set at 1200 shares, requiring a minimum investment of ₹112,800 for retail investors and ₹225,600 for High Net Worth Individuals (HNI), who are required to invest in at least 2 lots (2,400 shares).

Beeline Capital Advisors Pvt Ltd acts as the book running lead manager for the IPO, with Cameo Corporate Services Limited serving as the registrar. Spread X Securities functions as the market maker for Piotex Industries IPO.