Check LK Mehta Polymers GMP ahead of its debut on BSE SME platform today
LK Mehta Polymers is carrying a marginal GMP ahead of the listing of its shares on BSE SME platform today. In the grey market, the premium is around 7% over the issue price, which was at Rs 71.
The IPO — which received a healthy response from investors — proceeds will be used for meeting working capital requirements and general corporate purposes.
The company is actively involved in the trading and manufacturing of a wide range of plastic products, catering to diverse customer needs.
Its product line includes various ropes and twines, such as monofilament ropes, danline ropes, tape ropes, baler twines, and packaging twine (sutli). Additionally, the company trades and reprocesses raw materials like polypropylene granules and polyethylene granules.
In 2002, the company expanded its operations by establishing a new production unit, which began operations in 2004, focusing on woven sack bags and pipes. Despite initial challenges, such as the lack of a high-power electricity line, the unit operated successfully until 2022, when it was transferred. Through innovation and resilience, the company has maintained steady growth.
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