Piotex Industries Limited

About Piotex Industries Limited Incorporated in 2019, Piotex Industries Limited has navigated a complex global landscape shaped by several pivotal economic forces. As we advance into 2023, the residual effects from the previous year's challenges and transitions continue to exert significant influence on the global economic environment and, by extension, on our operations. The world entered 2022 under the shadow of high debt levels, which continue to restrict the flexibility of fiscal policymakers around the globe. Although commodity prices surged in the aftermath of geopolitical disruptions, most notably due to Russia's invasion of Ukraine, there has been a recent moderation in these prices. However, the ongoing conflict and elevated geopolitical tensions persist, adding layers of uncertainty to the global economic outlook. The COVID-19 pandemic presented unprecedented challenges over the past years, with various strains causing widespread disruptions. Economies most impacted, like China, have shown signs of recovery, which is encouraging news for global supply chains. These improvements have helped alleviate some pressures on logistics and production, aspects critical to our operations at Piotex Industries Limited. The year 2023 has been particularly tumultuous for the financial sector, starting with the unexpected collapse of two specialized regional banks in the United States and the significant crisis of confidence in Credit Suisse. These events have had far-reaching effects, creating ripples across global financial markets, and influencing investor and depositor behaviour profoundly. The consequent revaluation of risk and the shift in investment away from perceived vulnerabilities have led to a broad decline in equity indices, with banking stocks experiencing extreme pressures. Despite decisive policy measures aimed at stabilizing the banking sector, a heightened sensitivity to financial news persists among investors and depositors, reflecting an ongoing concern about the potential breadth of vulnerabilities within financial institutions. This nervous landscape has contributed to tighter financial conditions, likely leading to reduced lending and overall economic activity, a scenario that could impact companies, particularly in terms of financing and capital costs. Piotex Industries Limited, they’re acutely aware of these challenges and their potential impacts on their strategic operations and financial stability. They remain vigilant and adaptive, committed to navigating this uncertain terrain through proactive management and strategic planning. The company’s focus continues to be on optimizing operations, managing risks effectively, and ensuring sustainable growth in an evolving economic environment. The company believes that by maintaining a strong emphasis on innovation, operational efficiency, and market diversification, Piotex Industries Limited can not only withstand the current economic pressures but also emerge stronger, ready to capitalize on opportunities as they arise in the post-crisis landscape. Piotex Industries Limited prepares for its Initial Public Offering (IPO) and the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: Funding the Working Capital Requirement and General Corporate Purpose Here are key details about the Piotex Industries Limited IPO: Company Name Piotex Industries Limited Piotex Industries Limited IPO Opening Date May 10, 2024 Company Established On 2019 Piotex Industries Limited IPO Allotment Status May 15, 2024 Piotex Industries Limited IPO Closing Date May 14, 2024 Piotex Industries Limited IPO Listing Date May 17, 2024 Credit of Shares to the Demat Account May 16, 2024 Piotex Industries Limited IPO Lot Size 1200 Shares Piotex Industries Limited IPO Face Value ₹10 per share Piotex Industries Limited IPO to be Listed on BSE Piotex Industries Limited IPO Issue Size ₹14.47 Cr Piotex Industries Limited IPO Price band ₹94 per share