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Mahickra Chemicals IPO is a book build issue of ₹5.25 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹5.25 crore.
Mahickra Chemicals IPO bidding started from Apr 16, 2018 and ended on Apr 18, 2018. The allotment for Mahickra Chemicals IPO was finalized on Apr 23, 2018. The shares got listed on NSE SME on Apr 26, 2018.
Mahickra Chemicals IPO price band is set at ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,44,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Pantomath 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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Mahickra Chemicals IPO RHP for detailed Information.
| IPO Date | April 16, 2018 to April 18, 2018 |
| Listing Date | April 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹24 to ₹25 per share |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,00,000 shares (aggregating up to ₹5.25 Cr) |
| Reserved for Market Maker | 1,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2700 Cr) |
| Net Offered to Public | 19,92,000 shares (aggregating up to ₹4.98 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,34,160 shares |
| Share Holding Post Issue | 72,34,160 shares |
Mahickra Chemicals IPO offers total 21,00,000 shares. Out of which 9,96,000 (47.43%) allocated to NII, 9,96,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,000 (5.14%) |
| NII (HNI) Shares Offered | 9,96,000 (47.43%) |
| Retail Shares Offered | 9,96,000 (47.43%) |
| Total Shares Offered | 21,00,000 (100.00%) |
Mahickra Chemicals IPO opens on April 16, 2018, and closes on April 18, 2018.
| IPO Open Date | Mon, Apr 16, 2018 |
| IPO Close Date | Wed, Apr 18, 2018 |
| Tentative Allotment | Mon, Apr 23, 2018 |
| Initiation of Refunds | Tue, Apr 24, 2018 |
| Credit of Shares to Demat | Wed, Apr 25, 2018 |
| Tentative Listing Date | Thu, Apr 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 18, 2018 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.
Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2562.24 | 1817.89 | 1781.93 | 2089.50 | 1063.95 | |
| Total Revenue | 4225.85 | 3478.82 | 4275.15 | 4355.99 | 1932.94 | |
| Profit After Tax | 35.27 | 15.17 | 8.60 | 17.36 | 9.31 | |
The Company Mahickra Chemicals 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 | Funding the working capital requirements of the Company | 4.86 |
| 2 | General Corporate Purpose | 0.00 |
[Dilip Davda] Considering aggressive pricing ofMahickra Chemicals NSE SME IPO, there is no harm in giving it a miss. Read detail review...
| Listing Date | April 26, 2018 |
| BSE Script Code | |
| NSE Symbol | MAHICKRA |
| ISIN | INE961Y01015 |
| Final Issue Price | ₹25 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.75 |
| Last Trade | ₹36.75 |
Mahickra Chemicals Ltd.
Plot No. 1209,
Phase-3,
GIDC Vatva,
Ahmedabad, Gujarat, 382445
Phone: 079-25890811/25832692
Email: info@mahickra.com
Website: http://www.mahickra.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mahickra Chemicals IPO is a SME IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.25 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on April 16, 2018, and closes on April 18, 2018.
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 Mahickra Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Mahickra Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahickra Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahickra Chemicals IPO opens on April 16, 2018 and closes on April 18, 2018.
Mahickra Chemicals IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Mahickra Chemicals 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 Mahickra Chemicals IPO will be done on Monday, April 23, 2018, and the allotted shares will be credited to your demat account by Wednesday, April 25, 2018. Check the Mahickra Chemicals IPO allotment status.
The Mahickra Chemicals IPO listing date is on Thursday, April 26, 2018.
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