Piotex Industries IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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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.

The Issue includes a public Issue of 15,39,600 Equity Shares at an Issue Price of Rs.94/- Equity Share.

Net Proceeds from the Fresh Issue will be utilized towards the following objects:

Funding the Working Capital Requirement
eneral Corporate Purpose

Services

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Step	Process	Timeline
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3	Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC.	1 Day
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Estimated Turnaround Time: 2–4 Working Days (per return period)

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The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:

Step	Process	Timeline
1	Consultation & Eligibility Check – Our experts assess your business and required documents.	1 Day
2	Document Collection & Preparation – You share scanned copies; we prepare the application.	1–2 Days
3	Online Application Submission – Filing GST REG-01 on GST portal.	1 Day
4	ARN Generation & Verification – Acknowledgment number generated and verified.	1 Day
5	GST Officer Review – Department may seek clarification if required.	2–3 Days
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Estimated Total Duration: 3–5 Working Days

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