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L K Mehta Polymers IPO

₹1,13,600/1600 shares

Minimum Investment

IPO Details

Open Date

13 Feb 25

Close Date

17 Feb 25

Minimum Investment

1,13,600

Lot Size

1600

Price Range

71 to ₹71

Listing Exchange

BSE

Issue Size

7.38 Cr

Listing Date

21 Feb 25

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L K Mehta Polymers IPO Timeline

Bidding Start

13 Feb 25

Bidding Ends

17 Feb 25

Allotment Finalisation

18 Feb 25

Refund Initiation

19 Feb 25

Demat Transfer

20 Feb 25

Listing

21 Feb 25

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About LK Mehta Polymers Limited IPO

L.K. Mehta Polymers Limited, promoted by Kamlesh Mehta, trades and manufactures plastic products, including ropes, twines, and packaging materials. It also reprocesses polypropylene and polyethylene granules. In 2002, it expanded with a new production unit, operational from 2004, focusing on woven sack bags and pipes. Despite challenges, the unit ran successfully until its transfer in 2022. The company sells products under the “Super Pack” brand, emphasizing quality and customer trust. With extensive experience and high standards, L.K. Mehta Polymers Limited meets major specifications and customer requirements, strengthening its industry position.

IPO Strengths

  • The company’s promoters possess extensive knowledge of plastic products and technology, driving consistent growth with over three decades of industry experience.
  • With three generations of leadership, the company upholds its entrepreneurial legacy, ensuring resilience, adaptability, and long-term sustainability.
  • Stringent systems ensure timely delivery and minimal errors, fostering customer retention and order repetition through high service consistency.
  • Customers appreciate efficient order placement, timely deliveries, quality products, and an effective complaint resolution system, strengthening customer loyalty.
  • Strong client relationships generate repeat business, enhancing customer retention and providing a competitive edge in acquiring new clients.

LK Mehta Polymers IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 1049.31 720.06 823.30
Revenue 1816.26 1675.21 1142.81
Profit After Tax 85.56 (0.76) 4.08
Reserves and Surplus 239.29 153.73 154.49
Total Borrowings 648.04 389.71 439.40

LK Mehta Polymers Limited Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 10,40,000 shares (aggregating up to ₹ 7.38 Cr)

Offer for Sale: NA

Price Range ₹71 per share
Lot Size 1600 Shares
Face Value ₹10 per share
Listing Exchange SME, BSE
Pre-IPO Shareholding 28,00,000 shares
Post-IPO Shareholding 38,40,000 shares
Market Marker 54,400 shares (Swastika Investmart Limited)

LK Mehta Polymers IPO Important Dates

IPO Activity Date
IPO Open Date 13 February 2025
IPO Close Date 17 February 2025
Basis of Allotment 18 February 2025
Refunds Initiation 19 February 2025
Credit of Shares to Demat 20 February 2025
Listing Date 21 February 2025

LK Mehta Polymers IPO Lots

Application Lots Shares Amount
Retail (Min) 1 1600 ₹1,13,600
Retail (Max) 1 1600 ₹1,13,600
HNI (Min) 2 3200 ₹2,27,200

LK Mehta Polymers IPO Lead Managers

Lead Managers
Swastika Investment Mart Limited

LK Mehta Polymers Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 3.42
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 28.35%
Net Asset Value (NAV) 12.07
Return on Equity 28.35%
Return on Capital Employed (ROCE) 19.95%
EBITDA Margin 5.58%
PAT Margin 4.53%
Debt to Equity Ratio 2.15

Peer Group Comparison

The company does not have exact comparable listed peer, therefore information related to peer group has not been provided

Objectives of the Proceeds

  • To meet working capital requirements, ₹534 lakhs
  • To meet general coprorate expenses

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