LK Mehta Polymers IPO: Should You Apply or Not?

The opening bids for LK Mehta Polymers IPO are set to be placed on 12th February 2025 and will close on 14th February 2025. The initial public offering is a fixed price issue consisting entirely of a fresh issue of ₹ 7.38 crores. 

LK Mehta Polymers IPO Details

LK Mehta Polymers IPO is being offered for subscription to Indian investors with a fixed price of ₹ 71. The lot size for the fixed price offer is decided to be 1600 shares, and with the issue price of ₹ 71, the investment amount for the retail segment totals ₹ 1,13,600. 

The allotment basis for LK Mehta Polymers IPO will be decided on 18th February 2025, and the refund initiation and credit of shares in a bank account is set to take place on 19th and 20th February 2025, respectively. 

The book-running lead manager for the LK Mehta Polymers IPO is Swastika Investmart Limited, and the registrar for the issue is Bigshare Services Pvt Ltd. Swastika Investmart Limited is the market maker for the IPO. Refer to the table below for more details about the 

LK Mehta Polymers IPO:

LK Mehta Polymers IPO Reservation Requirement

LK Mehta Polymers IPO is an NSE SME IPO, likely to be listed on the Indian stock exchanges on 19th February 2025. The LK Mehta Polymers IPO reservation is as follows:

LK Mehta Polymers IPO GMP (Grey Market Premium)

LK Mehta Polymers IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It also refers to the difference between the issue price and the grey market price of an IPO.

The GMP of LK Mehta Polymers Limited is currently trading at Rs 15, which indicates that the shares of the company can be listed at a premium of 21.13% at a listing price of ₹ 86.

*Data is updated as of 13th February 2025. 

LK Mehta Polymers IPO Lot Size For Investors

LK Mehta Polymers IPO is offered with minimum bidding requirements of 1000 shares and in multiples thereof. Refer to the below table for more details about the bidding requirements of LK Mehta Polymers IPO: 

LK Mehta Polymers IPO Review

Before investing in a company through its initial public offering, it is important to research and analyse the fundamentals and technical aspects of investing safely in the IPO. Therefore, if you want to make a sound investment decision regarding the LK Mehta Polymers IPO, ensure that you read the details below about the company: 

Financial Health

LK Mehta  Polymers Limited has shown good financial performance over the period starting from FY 2022 till FY 2024. The revenue from the operations of the company grew by 46.58 % from 1142.81 in FY 2022 to 1675.21 in FY 2023. The revenue reached a figure of 1816.26 lakhs in FY 2024.

Apart from the revenue, the profit after tax (PAT) of the company was 4.08 lakhs in FY 2022 and declined to -0.76  lakhs in FY 2023, which significantly increased to 85.56 lakhs in FY 2024. The company’s ROE also increased from 1.88% in FY 2022 to 11.18% in FY 2024. 

Technical Analysis

A number of technical indicators are available to assess the stock’s potential for the coming time. You can analyse the potential of LK Mehta Polymers IPO with the help of the technical indicators mentioned below. 

*Data is updated as of 13th February 2025. 

The PE ratio of LK Mehta Polymers Limited shares is 41.04, and its Earnings Per Share (pre-IPO) stands at 3.06.

LK Mehta Polymers IPO Subscription Status 

LK Mehta Polymers IPO Subscription Status 

Peer Comparison of LK Mehta Polymers Limited 

(Figures in Crores)

Objectives of LK Mehta Polymers IPO 

LK Mehta Polymers Limited is raising gross issue proceeds of ₹ 738.40 Lakhs, out of which 70 lakhs account for the public issue expenses. The company aims to use the net issue proceeds of ₹ 668.40 lakhs (gross issue – expenses) from the IPO to meet various business and corporate objectives in the coming future. The aim and allocation of the LK Mehta Polymers IPO is as follows:

*the total amount of ₹ 668.40 does not include the issue expenses of 70 lakhs. 

LK Mehta Polymers Limited intends to fund its total working capital requirement of 1,720.82 Lakhs partially from the issue proceeds and the rest from long or short-term borrowings amounting to 1,186.82 lakhs. As for the general corporate purposes, they will be funded entirely from the issue proceeds amounting to 134.40 lakhs. 

About LK Mehta Polymers Limited 

LK Mehta Polymers Limites was incorporated on 2nd January 1995 and was promoted by Kamlesh Mehta HUF along with their relatives. The company started its operation with ropes, twines, and granules. 

LK Mehta Polymers Limited is engaged in the business of production and trading of a wide range of plastic products, which are specially designed to encompass an array of ropes and twines. The company produces monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine. It also produces and trades raw materials like polypropylene granules and polyethylene granules for various customers. LK Mehta Limited sells all its products under the brand name SuperPack, which has helped the company establish itself as a market leader in this segment. 

LK Mehta Polymers Limited Financial Performance                                                                                                                          

(Figures are in Lakhs)

Should I Apply for the LK Mehta Polymers IPO or Not?

Read the below strengths and weaknesses before investing in LK Mehta Polymers IPO: 

Pros 

1. Strong branding under the SuperPack brand name. 
2. Quality service and good customer relations. 
3. Long-term industry experience of 29 years. 
4. Strong presence across various states of India. 

Cons 

1. The company lacks market penetration in the Northeastern and southern parts of India. 
2. The company is highly dependent on the suppliers for raw materials.
3. Heavy reliance on manual labour in the current facility.  

How to Apply for LK Mehta Polymers IPO  

To apply for the LK Mehta Polymers IPO, you simply need to follow the below steps: 

1. Research the risks, benefits, and key details of the public offer. 
2. Open a demat account with Univest to know more about the IPO and invest in it. If you have an old demat account, you can also use it to invest in the IPO. 
3. If you are a retail investor, place a bid of 1600 shares for a total amount of ₹ 1,13,600.
4. Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the LK Mehta Polymers IPO.

Let’s Wrap

• LK Mehta Polymers IPO will be open for bidding on 13th February 2025 and will close on 17th February 2025. 
• The total size of LK Mehta Polymers Limited IPO is 10,40,000 shares, aggregating to ₹ 7.38 crores. 
• The public offer is a fixed price issue consisting entirely of a fresh issue of 14,20,000 lakh shares. 
• The last updated grey market premium of LK Mehta Polymers IPO is ₹ 10.
• The IPO of LK Mehta Polymers Limited is issued at a fixed price of Rs 71.

FAQ on LK Mehta Polymers IPO

1. What is the price of the LK Mehta Polymers IPO?

The price of LK Mehta Polymers IPO is fixed at Rs 71 a share. 

2. How can I check LK Mehta Polymers IPO status?

You can check the status of LK Mehta Polymers IPO either on the official website of the Bombay  Stock Exchange or through your registered stockbroking platform. 

3. What is the GMP of LK Mehta Polymers IPO?

The latest updated GMP of the LK Mehta Polymers IPO as of 12th February 2025 is ₹ 10. 

4. What is LK Mehta Polymers Limited’s business?

LK Mehta Polymers Limited is involved in the business of manufacturing and trading ropes and twins along with the production of basic raw materials like polypropylene granules and polyethylene granules for various customers. 

5. Is LK Mehta Polymers a good IPO to Invest in? 

The LK Mehta IPO is being offered at a fixed price of ₹ 71 to Indian investors. LK Mehta Polymers Limited has also shown revenue growth at a figure of 46.58 % from 1142.81 in FY 2022 to 1675.21 in FY 2023. The revenue reached a figure of 1816.26 lakhs in FY 2024.

Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about LK Mehta Polymers IPO, download the LK Mehta Polymers IPO RHP and IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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Meta Title –  LK Mehta Polymers IPO GMP, Price, Review and Key Details

Meta Description – Discover LK Mehta Polymers IPO details like GMP, subscription status, price, lot size, and listing date. Is this IPO a good investment option? Here is the detailed analysis.

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