Piotex Industries Limited IPO
Piotex Industries Limited IPO
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Piotex Industries Limited's has transitioned to a publicly listed entity following its IPO debut on 17-05-2024 at the BSE exchange. The public offering successfully raised 15,39,600 Shares, consisting of 15,39,600 Sharesin new capital.
The IPO featured a competitive price range of ₹94 to ₹94 and minimum application size of 1200 shares. Market reception was evidenced through subscription activity between 10-05-2024 and 14-05-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 15-05-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Piotex Industries IPO About Company
Piotex Industries Limited is a textile company specializing in contract manufacturing and trading of yarns, fabrics, and cotton bales. Operating in key textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, the company also supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for cotton yarn products. It also offers contract labor and fabric weaving services, streamlining production by supplying yarn to weaving mills and contract workers who convert it into fabric under agreed terms. With a dedicated team of 18 employees (as of March 31, 2024), Piotex continues to strengthen its presence in the textile industry through a diverse and efficient business model.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Piotex Industries IPO Strength Factors
- Strong Client Relationships – Piotex has a history of maintaining excellent customer relationships, leading to repeat orders and long-term partnerships, which gives it a competitive edge in the textile market.
- Commitment to Customer Satisfaction – The company prioritizes timely deliveries, efficient order processing, and responsive customer service, allowing it to serve a diverse customer base, including retailers and semi-wholesalers.
- Experienced and Competent Team – With a management team boasting over a decade of industry experience, Piotex is well-equipped to navigate market fluctuations, identify growth opportunities, and sustain business expansion effectively.
Piotex Industries IPO Risk Factors
- Dependency on Vendor Performance – The company lacks in-house manufacturing and relies heavily on external vendors for procurement. Any disruptions in vendor operations could impact supply chain efficiency and business continuity.
- Intense Competition – The textile sector is highly competitive, with both domestic and international players vying for market share. This intense competition may affect revenue streams and put pressure on pricing and margins.
- Quality Control Risks – Ensuring consistent product quality is critical in the textile industry. Any lapses in quality control could result in customer dissatisfaction, reputational damage, and financial setbacks.
Piotex Industries IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Piotex Industries IPO Promoter(s)
- Mr. Abhay Shriram Asalkar
- Mr. Yogesh Omprakash Nimodiya
Piotex Industries IPO FAQs
Piotex Industries Limited IPO subscribed 107.5 times. The public issue subscribed 93.33 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 18, 2025 11:26:51 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Piotex Industries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Piotex Industries IPO FAQs
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