Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Mon, Mar 9, 2015 - Thu, Mar 12, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 9, 2015
IPO Close
Thu, Mar 12, 2015
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹10.43 Cr
| IPO Date | 9 to 12 Mar, 2015 |
| Listed on | Fri, Mar 27, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 2,00,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2000 Cr) |
| Fresh Issue (Ex Market Maker) | 37,00,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 37,00,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 65,29,400 shares |
| Share Holding Post Issue | 1,04,29,400 shares |
| BSE Script Code | 539041 |
| ISIN | INE369Q01017 |
Mahabir Metallex IPO comprises a total issue size of 39,00,000 shares. The net offer to the public is 37,00,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 18,50,000 (50.00%) allocated to NII 18,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,50,000 | 50.00% | 47.44% |
| Retail Shares Offered | 18,50,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.13% | |
| Total Shares Offered | 39,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 3.45 |
| 2 | Issue Expenses | 0.45 |
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 expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.38 |
| 2 | Regulatory Fees & Other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.30 |
| Low | ₹9.79 |
| High | ₹10.30 |
| Last Trade | ₹10.10 |
Lead Manager Reports
Mahabir Metallex IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Mar 9, 2015, and closes on Thu, Mar 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 Mon, Mar 9, 2015 and closes on Thu, Mar 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 Fri, Mar 27, 2015.
