L.K. Mehta Polymers Ltd. IPO

Our Company was originally incorporated as Public Limited, under the Companies Act, 1956 (“Companies Act”) in the name and style of “L.K.Mehta Polymers Limited” on January 02nd, 1995 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued ... by the Registrar of Companies, Gwalior, Madhya Pradesh with a object to acquire and takeover the existing proprietorship business of a sole proprietorship as going concern carried by Suresh Kumar Mehta in the name and style as “M/s. Sajjan Plastic Industries” on 04th of April, 1995. Our Company was promoted by Kamlesh Mehta HUF along with their relatives. Our Company was incorporated on January 02, 1995, and over the years, swiftly establishing itself as a beacon of innovation and quality in the industry. With an initial product range encompassing ropes, twines and granules. Our company is actively involved in the trading and manufacturing of comprehensive array of Plastic products, addressing the diverse needs of our discerning customers. Our product line is specifically designed to encompass a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, packaging twine (sutli). Read more

Our Company was originally incorporated as Public Limited, under the Companies Act, 1956 (“Companies Act”) in the
name and style of “L.K.Mehta Polymers Limited” on January 02nd, 1995 under the provisions of the Companies Act,
1956 vide Certificate of ... Incorporation issued by the Registrar of Companies, Gwalior, Madhya Pradesh with a object to acquire and takeover the existing proprietorship business of a sole proprietorship as going concern carried by Suresh Kumar Mehta in the name and style as “M/s. Sajjan Plastic Industries” on 04th of April, 1995.

Our Company was promoted by Kamlesh Mehta HUF along with their relatives. Our Company was incorporated on January 02, 1995, and over the years, swiftly establishing itself as a beacon of innovation and quality in the industry. With an initial product range encompassing ropes, twines and granules.

Our company is actively involved in the trading and manufacturing of comprehensive array of Plastic products, addressing the diverse needs of our discerning customers. Our product line is specifically designed to encompass a wide range of ropes and twines, including monofilament ropes, danline ropes, tape ropes, baler twines, packaging twine (sutli). We are also engaged in trading and reprocessing of basic raw materials like polypropylene granules and polyethylene granules for our various customers. A significant milestone was reached in 2002 with the expansion of its operations with the establishment of a new production unit, the actual working of the unit was started by our company in 2004, focusing on woven sack bags and pipes. This strategic decision not only broadened the company's product range but also solidified its presence in the industry. Despite initial challenges with the availability of a high-power electricity line at its location, the company demonstrated remarkable resilience by successfully operating the unit until 2022. In 2022, the unit was transferred afterwards. Through continuous innovation and a relentless pursuit of excellence, our company navigated through challenges and emerged strong, maintaining its growth trajectory.

Our company sells the products under the brand name of “Super Pack”, establishment of its brand “SuperPack” served as a testament to the company's commitment to delivering superior quality and building enduring relationships with customers. This brand identity not only resonated with consumers but also distinguished L.K.Mehta Polymers Limited from its competitors. Our Company based on its experience and its standards, conforms to major specifications and customer requirements.

India Rope Market registered a growth of 0.24% in value shipments in 2022 as compared to 2021 and an increase of 10.51% CAGR in 2022 over a period of 2017. In Rope Market India is becoming less competitive as HHI index in 2022 was 1566 while in 2017 it was 1122. Herfindahl Index measures the ... competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Rope Market. India Rope market currently, in 2023, has witnessed an HHI of 1628, which has decreased substantially as compared to the HHI of 2919 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market. Read more