LK Mehta Polymers IPO allotment: Steps to check status online on BSE, Bigshare Services

LK Mehta Polymers IPO allotment status is expected to be finalised on Tuesday, February 18, after the public offer closed with a strong subscription.

The plastic products manufacturer's initial public offering (IPO) was booked more than 44 times on the last day of bidding. The BSE SME issue was open for subscription from February 13 to February 17.

The ₹7.38-crore LK Mehta Polymers IPO attracted bids for more than 4.39 crore shares against 9.85 lakh shares on offer. The IPO was overall booked 44.55 times.

On the final day, the retail individual investors submitted applications for 2.27 crore shares against 4.93 lakh shares on offer for the category. The retail portion was booked 46.16 times. The Non-institutional investors (NIIs) placed applications for more than 2.11 crore shares compared to 4.93 lakh shares reserved for them. The NIIs segment was booked nearly 43 times.

IPO investors awaiting the finalisation of share allocation by the company can check the allotment status on the websites of the IPO registrar, Bigshare Services Pvt Ltd, and the BSE.

Steps to check LK Mehta Polymers IPO share allotment status on Bigshare Services

• Visit the IPO allotment status webpage on the Bigshare Services portal at: www.bigshareonline.com/ipo_Allotment.html
• Click on any of the servers out of 3 links
• Choose LK Mehta Polymers Ltd as the company name from the dropdown list
• Fill in the Application Number, Beneficiary ID, or PAN
• Complete the 'captcha' to verify
• Click the "Search" button to check the allotment status

Here’s how to check LK Mehta Polymers IPO allotment status on BSE

• Go to the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx
• Out of ‘equity’ and ‘debt’ options, choose ‘equity’ as the issue type
• Select LK Mehta Polymers Ltd as the issue name
• Enter PAN details or application number
• Submit to check details

LK Mehta Polymers IPO details

• LK Mehta Polymers IPO, a fixed-price issue, comprised a fresh issuance of 10.4 lakh shares.
• The IPO price was fixed at ₹71 apiece.
• The minimum lot size was 1,600 units, requiring a minimum investment of ₹1.14 lakh for retail investors.
• Following the IPO allotment, the company will transfer the shares to the allottees' demat accounts on February 20.
• Refunds will be initiated for unsuccessful bidders on February 19.
• The tentative listing date for LK Mehta Polymers IPO has been fixed as February 21. The stock will be listed on the BSE SME platform.

About LK Mehta Polymers IPO

LK Mehta Polymers is engaged in trading and manufacturing of various plastic products used in several applications. The company’s product line is specifically designed to encompass a range of ropes and twines, including danline ropes, monofilament ropes, tape ropes, packaging twine (sutli) and baler twines.

The company is also engaged in trading and reprocessing of basic raw materials like polypropylene granules. The company sells products under the brand name of “Super Pack”.

The plastic products manufacturer has proposed to use ₹ 5.34 crore of IPO funds to meet working capital needs and the rest of ₹1.34 crore for general corporate purposes.

LK Mehta Polymers Ltd key financials

LK Mehta Polymers posted a revenue from operations of ₹11.86 crore for the April-December period of FY 2024-25. Its Profit after tax (PAT) stood at ₹42 lakh in the nine-month period.

The company’s revenue from operations in FY24 increased to ₹18.16 crore compared to ₹16.75 crore in FY23. Its net profit stood at ₹85.56 lakh in FY 2023-24 against a loss of ₹76,000 in the preceding fiscal.

Key performance indicators