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Mahabir Metallex IPO is a fixed price issue of ₹3.90 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹3.90 crore.
Mahabir Metallex IPO bidding started from Mar 9, 2015 and ended on Mar 12, 2015. The shares got listed on BSE SME on Mar 27, 2015.
Mahabir Metallex IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Sarthi Capital Advisors Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Mahabir Metallex IPO RHP for detailed Information.
| IPO Date | March 9, 2015 to March 12, 2015 |
| Listing Date | March 27, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,00,000 shares (aggregating up to ₹3.90 Cr) |
| Reserved for Market Maker | 2,00,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2000 Cr) |
| Net Offered to Public | 37,00,000 shares (aggregating up to ₹3.70 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 65,29,400 shares |
| Share Holding Post Issue | 1,04,29,400 shares |
Mahabir Metallex IPO offers total 39,00,000 shares. Out of which 18,50,000 (47.44%) allocated to NII, 18,50,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.13%) |
| NII (HNI) Shares Offered | 18,50,000 (47.44%) |
| Retail Shares Offered | 18,50,000 (47.44%) |
| Total Shares Offered | 39,00,000 (100.00%) |
Mahabir Metallex IPO opens on March 9, 2015, and closes on March 12, 2015.
| IPO Open Date | Mon, Mar 9, 2015 |
| IPO Close Date | Thu, Mar 12, 2015 |
| Tentative Listing Date | Fri, Mar 27, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 12, 2015 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2003, Mahabir Metallex Ltd is engaged in the business of trading and distribution of steel products like TMT Bars, Rolled Products, Billets, Colour Coated Sheets, Steel strips/ Cold Rolled Strips, Round AngleChannels& Bars, Ingots and Steel Pipes and Tubes.
Company buy the material from various manufacturers and further sell and distribute the material to various consumers like real estate developers, capital goods manufacturers, scrap holding manufacturers etc on cash basis as well as on credit basis.
Company's product offerings includes ready to use steel, primarily re-bars to be used in construction activities in various Sector like roads, power plants, housing, bridges, metros, monorails etc.
The Company Mahabir Metallex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 3.45 |
| 2 | Issue Expenses | 0.45 |
[Dilip Davda] <p>This at par SME offer is at higher P/E. Due to entry barriers, low preference for SME IPOs by the broking community at large. However, investors with surplus funds may invest at their own discretion for long term, bearing in mind that stock market investments are linked to market risks. The author has no plans to invest in this IPO.</p> Read detail review...
| Listing Date | March 27, 2015 |
| BSE Script Code | 539041 |
| NSE Symbol | |
| ISIN | INE369Q01017 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.30 |
| Low | ₹9.79 |
| High | ₹10.30 |
| Last Trade | ₹10.10 |
Mahabir Metallex Ltd.
A-3, NDSE,
Part I,
Delhi-
Delhi, New Delhi, 110049
Phone: +91 11 41070148
Email: info@mahabirmetallex.com
Website: http://www.mahabirmetallex.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mahabir Metallex IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.90 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 9, 2015, and closes on March 12, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mahabir Metallex IPO using UPI as a payment gateway. Zerodha customers can apply in Mahabir Metallex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahabir Metallex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahabir Metallex IPO opens on March 9, 2015 and closes on March 12, 2015.
Mahabir Metallex IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Mahabir Metallex 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 Mahabir Metallex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahabir Metallex IPO allotment status.
The Mahabir Metallex IPO listing date is on Friday, March 27, 2015.
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