Lexus Granito (India) Limited

Last Updated-Aug 20, 2017 @ 11:56 am

lexus granito ipo

♦ ISSUE PERIOD : 9-August-2017 to 11-August-2017
♦ PRICE: Rs 41 to Rs 45
♦ Lot Size: 3000 Shares
♦ Issue Size: 57,60,000
♦ Listing at: NSE SME


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Established in the year 2007, the Lexus Granito (INDIA) Limited has emerged as a 200 cr. giant in a short span of 7 years. Its leadership is marked by many successful challenges our incessant pursuit of excellence. Company have reported 35% growth rate from 2007 to 2014 in just 7 years, it is India's fastest growing ceramic, vitrified tile company and considered among the world's best ceramic tile manufacturing companies.

Lexus Group has managed by young entrepreneurs under the guidance of  their Founder Director Mr. Babulal Detroja, Who has an esteemed knowledge of industry. At Lexus they understand the changing needs of ceramic industry. From Elegant Wall Tiles & Floor Tiles to decorative elevation tiles.

The LEXUS GROUP is recognized for its exquisite new collections which bears the exceptionality of high definition digital printing. They have quality since long and for eternity, they believe in uninterrupted modernization and consolidation of service. Being a prominent exporter and supplier, their accessibility, unswerving supply and sensible pricing charms national and international clients bearing in mind that their ceramic products are premium in all aspects.


1. Working Capital requirements
2. General Corporate Purposes.


The Promoters of the Company are Nilesh Detroja, Hitesh Detroja, Anilkumar Detroja and Pavan Blackrock Private Limited. As on the date of filing the Red Herring Prospectus, the Promoters held, in aggregate 1,10,69,527 Equity Shares representing 82.42 % of the pre-issue paid up capital of the Company.

Source: DRHP


As on 11-Aug-2017 18:00:00 IST

Total Issue Size 5760000
Total Bids Received 204144000
Total Bids Received at Cut-off Price 19704000
No. of times issue is subscribed 35.44

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Symbol LEXUS
Issue Period 09-Aug-2017 to 11-Aug-2017
Post issue Modification Period 14-Aug-2017 (between 10.00 a.m. to 1.00 p.m. only)
Issue Size Public issue of 57,60,000 Equity Shares (including Market Maker reservation portion of 3,00,000 equity shares)
Issue Type 100% Book Building
Price Range Rs 41 to Rs 45
Face Value Rs 10
Tick Size Rs 1
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers Pantomath Capital Advisory Limited
Categories FI, IC, MF, FII, OTH, CO, IND, and NOH
Name of the Registrar Bigshare Services Private Limited
Address of the Registrar E/2, Ansa Industriasl Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai - 400 072, Maharashtra, India
Contact person name number and Email id Mr. Srinivas Dornala, +91 22 4043 0200;


Source: NSE


Lexus Granito allotment status is out.
You can check it here.


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