Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Tue, Feb 26, 2019 - Fri, Mar 1, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 26, 2019
IPO Close
Fri, Mar 1, 2019
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹61.57 Cr
| IPO Date | 26 Feb to 1 Mar, 2019 |
| Listed on | Tue, Mar 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 51,96,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 2,60,000 shares Airan Finstocks Pvt.Ltd. (agg. up to ₹0.8320 Cr) |
| Fresh Issue (Ex Market Maker) | 49,36,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 49,36,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,40,43,984 shares |
| Share Holding Post Issue | 1,92,39,984 shares |
| BSE Script Code | 542503 |
| ISIN | INE00CX01017 |
Mahip Industries IPO comprises a total issue size of 51,96,000 shares. The net offer to the public is 49,36,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 24,68,000 (50.00%) allocated to NII 24,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,68,000 | 50.00% | 47.50% |
| Retail Shares Offered | 24,68,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.00% | |
| Total Shares Offered | 51,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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
| 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 | 12.87 |
| 2 | Issue related expenses | 1.25 |
| 3 | General corporate purposes | 2.50 |
The Mahip Industries IPO is subscribed 1.54 times on March 1, 2019 7:49:03 PM (Day 4). The public issue subscribed 1.54 times in the retail category, [.] times in the QIB category, and 1.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.53 | 24,68,000 | 37,80,000 |
| Retail | 1.54 | 24,68,000 | 38,08,000 |
| Total | 1.54 | 49,36,000 | 75,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc and other out of Pocket Expenses | 0.97 |
| 2 | Advertising and Marketing Expenses | 0.10 |
| 3 | Regulators Including Stock Exchanges | 0.15 |
| 4 | Printing and distribution of Issue Stationary | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹32.00 |
| Low | ₹32.00 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
Mahip Industries IPO is a SME IPO of 51,96,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Feb 26, 2019, and closes on Fri, Mar 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 Tue, Feb 26, 2019 and closes on Fri, Mar 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 Tue, Mar 12, 2019.
