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Mahip Industries IPO is a fixed price issue of ₹16.63 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹16.63 crore.
Mahip Industries IPO bidding started from Feb 26, 2019 and ended on Mar 1, 2019. The shares got listed on BSE SME on Mar 12, 2019.
Mahip Industries IPO price is ₹32.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Finshore Management Services 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 Airan Finstocks Pvt.Ltd..
Refer to Mahip Industries IPO RHP for detailed Information.
| IPO Date | February 26, 2019 to March 1, 2019 |
| Listing Date | March 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,96,000 shares (aggregating up to ₹16.63 Cr) |
| Reserved for Market Maker | 2,60,000 shares Airan Finstocks Pvt.Ltd. (aggregating up to ₹0.8320 Cr) |
| Net Offered to Public | 49,36,000 shares (aggregating up to ₹15.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,40,43,984 shares |
| Share Holding Post Issue | 1,92,39,984 shares |
Mahip Industries IPO offers total 51,96,000 shares. Out of which 24,68,000 (47.50%) allocated to NII, 24,68,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,000 (5.00%) |
| NII (HNI) Shares Offered | 24,68,000 (47.50%) |
| Retail Shares Offered | 24,68,000 (47.50%) |
| Total Shares Offered | 51,96,000 (100.00%) |
Mahip Industries IPO opens on February 26, 2019, and closes on March 1, 2019.
| IPO Open Date | Tue, Feb 26, 2019 |
| IPO Close Date | Fri, Mar 1, 2019 |
| Tentative Listing Date | Tue, Mar 12, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 1, 2019 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Ahmedabad based Mahip Industries Limited is a company engaged in the manufacturing of packaging materials.
The company's product portfolio includes Stagguard, Box, Corrugated Boxes, Corrugated Boxes with Partition, Corrugated Boxes With Lid, Printed Corrugated Boxes, Customized Corrugated Boxes, Laminated Corrugated Boxes, Bituminized corrugated boxes, Corrugated Cartons/Printed, Corrugated Cartons, Heavy Duty Corrugated Boxes, Multicolor Printed Cartons, Corrugated Sheets, Corrugated Paper Rolls, Auto Slot Boxes & Die Cut Boxes etc.
The company has a facility with an installed capacity of 3500 tons per annum and intends to increase the existing capacity to 8352 tons in near future.
Currently, the company does its business in Gujarat, through its network of dealer/distributor /agents. It also sells directly to the customers. It intends to enter and capture new markets in other states.
It has 50 full-time employees on its payroll.
Competitive Strengths of the Company-
1. Over 2 decades of experience in the industry
2. Varied product portfolio
3. In- House logistic support
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 6,638.06 | 5,338.20 | 5,357.69 | 5,053.27 | 4,225.99 | |
| Total Revenue | 14,077.26 | 10,782.57 | 10,439.44 | 9,308.07 | 9,286.37 | |
| Profit After Tax | 414.13 | 121.86 | 111.33 | 93.72 | 103.26 | |
The Company Mahip Industries 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 | 12.87 |
| 2 | Issue related expenses | 1.25 |
| 3 | General corporate purposes | 2.50 |
[Dilip Davda] <p>With ban of plastic materials for packaging, demand for corrugated packing materials is on the rise. Company is poised for bright prospects ahead. This issue is priced reasonably based on last one and half year's earnings basis. Investors may consider investment for long term.</p> Read detail review...
| Listing Date | March 12, 2019 |
| BSE Script Code | 542503 |
| NSE Symbol | |
| ISIN | INE00CX01017 |
| Final Issue Price | ₹32 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹32.00 |
| Low | ₹32.00 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Mahip Industries Ltd.
Survey No. 127, Jalalpur - Godhneshwar
Dholka
Bagodara Highway
Ahmedabad, Gujarat, 387810
Phone: +91 - 79 - 4004 8788
Email: cs@careccl.com
Website: http://www.mahipindustriesltd.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mahip Industries IPO is a SME IPO of 51,96,000 equity shares of the face value of ₹10 aggregating up to ₹16.63 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on February 26, 2019, and closes on March 1, 2019.
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 Mahip Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Mahip Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahip Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahip Industries IPO opens on February 26, 2019 and closes on March 1, 2019.
Mahip Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in Mahip Industries 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 Mahip Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahip Industries IPO allotment status.
The Mahip Industries IPO listing date is on Tuesday, March 12, 2019.
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