Priti International Limited IPO

Priti International Limited

Issue Open

Jun 11, 2018

Price Band

₹ 75

Issue Size

₹ 5.26 Cr

Credit of Shares to Demat

-

Issue Close

Jun 13, 2018

Bid Lot

1600

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

1600

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jun 21, 2018

Refunds

-

About the company:

Priti International limited is a jodhpur based company engaged in manufacturing and exporting handicraft products. The company is also engaged in upcycling and recycling of various kinds of products. The Company's products range from solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, pet products and many more.
The company employs 45+ employees on its payroll to serve its markets.

Date of establishment: The company was incorporated in November 11, 2017. Priti international acquired the M/s. Priti International a proprietary concern functional since 2002.

Promoters of Priti International Limited: Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Goverdhan Das Lohiya HUF and Ritesh Lohiya HUF are the promoters of the company.

Products and Services offered:  The company primarily manufactures and exports handicraft products. The company is also involved in the manufacturing of wooden, metal and textile-based furniture and handicrafts products, upcycling and recycling of various kinds of raw, unusable and waste metal and wooden articles.

Customer Segment: Priti International majorly tackles the need of the international markets. The company exports its products to developed countries and Asian markets like Spain, Belgium, Holland, Netherlands, Turkey, England, China, Greece, Germany through the chain of wholesalers and retailers.   

Objective of the Issue: Objective of the Issue are-
-       Purchase of Plant & Machinery and related civil work;
-       Funding the working capital requirements of the Company;
-       General Corporate Purposes.

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)

 

31-Dec-17

         

Total Assets

769.37

         

Total Revenue

323.63

         

Profit After Tax

15.97

         

 

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