Bookbuilding IPO | ₹5 Cr | Listed at NSE SME | Mon, Apr 16, 2018 - Wed, Apr 18, 2018
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 per share. The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Apr 16, 2018
IPO Close
Wed, Apr 18, 2018
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹18.09 Cr
| IPO Date | 16 to 18 Apr, 2018 |
| Listed on | Thu, Apr 26, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹24 to ₹25 |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 21,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2700 Cr) |
| Fresh Issue (Ex Market Maker) | 19,92,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 19,92,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 51,34,160 shares |
| Share Holding Post Issue | 72,34,160 shares |
| NSE Symbol | MAHICKRA |
| ISIN | INE961Y01015 |
Mahickra Chemicals IPO comprises a total issue size of 21,00,000 shares. The net offer to the public is 19,92,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 9,96,000 (50.00%) allocated to NII 9,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,96,000 | 50.00% | 47.43% |
| Retail Shares Offered | 9,96,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.14% | |
| Total Shares Offered | 21,00,000 | 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 | ₹1,50,000 |
| 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.
| 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 | Funding the working capital requirements of the Company | 4.86 |
| 2 | General Corporate Purpose | 0.00 |
The Mahickra Chemicals IPO is subscribed 27.85 times on April 18, 2018 5:00:00 PM (Day 3). The public issue subscribed 33.28 times in the retail category, [.] times in the QIB category, and 22.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 22.42 | 9,96,000 | 2,23,26,000 |
| Retail | 33.28 | 9,96,000 | 3,31,50,000 |
| Total | 27.85 | 19,92,000 | 5,54,76,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.75 |
| Last Trade | ₹36.75 |
Lead Manager Reports
Mahickra Chemicals IPO is a SME IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Apr 16, 2018, and closes on Wed, Apr 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 Mon, Apr 16, 2018 and closes on Wed, Apr 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 Wed, Apr 25, 2018. Check the Mahickra Chemicals IPO allotment status.
The Mahickra Chemicals IPO listing date is on Thu, Apr 26, 2018.
