L.K. Mehta Polymers IPO is a fixed-price issue amounting to ₹7.38 crores, consisting entirely of a fresh issue of 10.40 lakh shares.
The bidding for L.K. Mehta Polymers IPO opened on February 13, 2025, and will close on February 17, 2025. The allotment process is expected to be finalized on Tuesday, February 18, 2025. The IPO is set to list on BSE SME, with a tentative listing date scheduled for Friday, February 21, 2025.
L.K. Mehta Polymers operates in the Plastics – Plastic & Plastic Products sector. They are involved in the trading and manufacturing of various plastic products, including monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twines. The company also trades and reprocesses basic raw materials like polypropylene and polyethylene granules.
The issue price for L.K. Mehta Polymers IPO is ₹71 per share. Investors must apply for a minimum lot size of 1,600 shares. The minimum investment required for retail investors is ₹1,13,600, while for HNIs, the minimum application is 2 lots (3,200 shares), amounting to ₹2,27,200.
Swastika Investmart Ltd serves as the book-running lead manager for the L.K. Mehta Polymers IPO, with Bigshare Services Pvt Ltd acting as the registrar. The market maker for the issue is Swastika Investmart Limited.
L.K. Mehta Polymers IPO Details:
| Company Name | L.K. Mehta Polymers Limited |
| Sector | Plastics |
| IPO Type | SME |
| IPO Open date | 13th Feb 2025 |
| IPO Close date | 17th Feb 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
L.K. Mehta Polymers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,13,600 |
| HNI (Min) | 2 | 3200 | 2,27,200 |
L.K. Mehta Polymers IPO Timeline:
| IPO Open Date | 13th Feb 2025 |
| IPO Close Date | 17th Feb 2025 |
| Basis of Allotment | 18th Feb 2025 |
| Refund Initiation Date | 19th Feb 2025 |
| Shares Credit to Demat | 20th Feb 2025 |
| Listing Date | 21st Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review L.K. Mehta Polymers’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Plastics Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in L.K. Mehta Polymers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
