Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.
Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding the working capital requirements of the Company | ₹7 |
| 2 General corporate purposes | ₹0 |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 2,612 | 2,014 | 1,466 |
| Revenue | 3,577 | 2,605 | 2,153 |
| PAT | 56 | 31 | 14 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 580,000 (47%) | — |
| Retail (RII) | — | 580,000 (47%) | — |
| Market Maker | — | 62,000 (5%) | — |
| Total | — | 1,222,000 (100%) | — |
* Amount calculated at upper price band (₹66) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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