Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Mon, Aug 29, 2016 - Fri, Sep 2, 2016
Madhya Bharat Agro Products IPO is a fixed price issue of ₹13.90 crores. The issue is entirely an offer for sale of 0.58 crore shares of ₹13.90 crore.
Madhya Bharat Agro Products IPO bidding started from Aug 29, 2016 and ended on Sep 2, 2016. The shares got listed on NSE SME on Sep 9, 2016.
Madhya Bharat Agro Products IPO price is ₹24 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Madhya Bharat Agro Products IPO RHP for detailed Information.
IPO Open
Mon, Aug 29, 2016
IPO Close
Fri, Sep 2, 2016
Issue Price
₹24 per share
Market Cap (Pre-IPO)
₹52.58 Cr
| IPO Date | 29 Aug to 2 Sep, 2016 |
| Listed on | Fri, Sep 9, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,90,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 2,94,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.7056 Cr) |
| Offer for Sale | 54,96,000 shares of ₹10 (agg. up to ₹13 Cr) |
| Net Offered to Public | 54,96,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 2,19,06,735 shares |
| Share Holding Post Issue | 2,19,06,735 shares |
| NSE Symbol | MBAPL |
| ISIN | INE900L01010 |
Madhya Bharat Agro Products IPO comprises a total issue size of 57,90,000 shares. The net offer to the public is 54,96,000 shares, after excluding 2,94,000 shares allotted on a firm basis. Of the Net offer 27,48,000 (50.00%) allocated to NII 27,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,48,000 | 50.00% | 47.46% |
| Retail Shares Offered | 27,48,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,94,000 | 5.08% | |
| Total Shares Offered | 57,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
Incorporated in 1997, Madhya Bharat Agro Products Ltd (MBAPL) is engaged in manufacturing Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP) and Sulphuric Acid which is used in large quantities for replenishing "P" (Phosphorus) in the soil and act as a fertilizer for the crop. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal. They are also engaged in the business of Purchase and Sale (Trading) of Textiles and agricultural commodities.
MBAPL is one of the major private-sector fertilizer manufacturers. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum. MBAPL is dealing in the manufacturing of BRP with an installed production capacity of 99000 TPA (Licensed capacity -99000 TPA), SSP with an installed capacity of 180000 TPY (Licensed capacity 240000 TPY) and Sulphuric Acid with an installed capacity of 36000 TPY (having licensed capacity is 99000 TPY). Further, the New Project GSSP (having a licensed capacity is 180000 TPY) is underway making it a completely integrated state-of-the-art manufacturing facility.
| Period Ended |
|---|
| Amount in ₹ Crore |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, payment to other interme such as Legal Advisors etc. and other out of pocket expenses. | 0.24 |
| 2 | Printing & Stationery, Distribution, Postage Advertising and Marketing Expenses etc. | 0.04 |
| 3 | Stautory & Regulatory Fees and other expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹27.00 |
| Low | ₹26.00 |
| High | ₹28.80 |
| Last Trade | ₹28.80 |
Lead Manager Reports
Madhya Bharat Agro Products IPO is a SME IPO of 57,90,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Aug 29, 2016, and closes on Fri, Sep 2, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Madhya Bharat Agro Products IPO using UPI as a payment gateway. Zerodha customers can apply in Madhya Bharat Agro Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Madhya Bharat Agro Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Madhya Bharat Agro Products IPO opens on Mon, Aug 29, 2016 and closes on Fri, Sep 2, 2016.
Madhya Bharat Agro Products IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Madhya Bharat Agro Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Madhya Bharat Agro Products IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Madhya Bharat Agro Products IPO allotment status.
The Madhya Bharat Agro Products IPO listing date is on Fri, Sep 9, 2016.
