Latteys Industries Limited Profile
Latteys Industries Limited is India’s foremost manufacturer of energy efficient submersible pumps in the pumps industry. The company started manufacturing in the year 2004 in Chhatraal, Gujarat. Their products range from a number of sectors including agricultural, industrial, domestic and horticultural. Also, Company is in the business of manufacturing of pumping solutions for Domestic, agriculture & Industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal Monoblock, Shallow-well and Horizontal Openwell Submersible Pumpsets since the year 2004.
The company manufactures more than 700 models of pumps at its portfolio. These pumps are manufactured and marketed all over India. They are a pioneer in manufacturing Submersible pumps. And in the year 2011 moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters. The company currently has an installed production capacity of approximate 1,20,000 pumps per year. The manufacturing facilities are equipped with requisite machinery, measuring instruments and testing equipment to keep up a constant check on quality.
Latteys Industries Limited Company manufactures pumps of various sizes, structures, technicalities which form the deciding factor for the usages and pricing of the product. They require raw materials like EC grade copper winding wire and cable, stainless steel pipe, stainless steel round bar, electrical sheet stamping, CI/SS castings, etc. which are procured from various industries from the domestic market. They have a dedicated team of engineers which continuously look for improving the design, performance, and quality of the manufacturer of the pump. Their customers are mostly dealers and direct users. Their relationship with wide reached dealers and esteemed customer base are key factors for success in the industry.
Latteys Industries Limited Promoters:
The Promoters of the company are: Kapoor Chand Garg and Pawan Garg.
Latteys Industries Limited IPO details:
Symbol: LATTEYS
Issue Size: the Public issue of 12,22,000 Equity Shares (including Market Maker reservation portion of 62,000 equity shares)
Face Value: Rs 10
Price Range: Rs 66
Issue Type: Fixed Price
Bid Lot: 2000 Equity Shares and in multiples thereof.
Minimum Order Quantity: 2000 Equity Shares
Issue Period: 23-May-2018 to 28-May-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Link Intime India Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Latteys Industries Limited Financials:
| Latteys Industries Limited financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | ||
| Total revenue | 1,855.7 | 2,153.4 | 2,605.1 | 3,577.4 | 1,527.1 | |
| Total expenses | 1,835.1 | 2,133.3 | 2,559.4 | 3,489.3 | 1,485.2 | |
| Profit after tax | 14.1 | 14.0 | 31.1 | 55.6 | 30.5 | |
Latteys Industries Limited Allotment Status:
Latteys Industries Limited IPO Allotment Date: N/A
Latteys Industries Limited IPO Listing Date: N/A
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