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Manomay Tex IPO is a book build issue of ₹11.41 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹11.41 crore.
Manomay Tex IPO bidding started from Mar 15, 2017 and ended on Mar 20, 2017. The shares got listed on BSE SME on Mar 28, 2017.
Manomay Tex IPO price band is set at ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
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 Manomay Tex IPO RHP for detailed Information.
| IPO Date | March 15, 2017 to March 20, 2017 |
| Listing Date | March 28, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹27 to ₹30 per share |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,04,000 shares (aggregating up to ₹11.41 Cr) |
| Reserved for Market Maker | 1,96,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.5880 Cr) |
| Net Offered to Public | 36,08,000 shares (aggregating up to ₹10.82 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 88,79,350 shares |
| Share Holding Post Issue | 1,26,83,350 shares |
Manomay Tex India IPO offers total 38,04,000 shares. Out of which 18,04,000 (47.42%) allocated to NII, 18,04,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,96,000 (5.15%) |
| NII (HNI) Shares Offered | 18,04,000 (47.42%) |
| Retail Shares Offered | 18,04,000 (47.42%) |
| Total Shares Offered | 38,04,000 (100.00%) |
Manomay Tex IPO opens on March 15, 2017, and closes on March 20, 2017.
| IPO Open Date | Wed, Mar 15, 2017 |
| IPO Close Date | Mon, Mar 20, 2017 |
| Tentative Listing Date | Tue, Mar 28, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 20, 2017 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2009, Manomay Tex India Ltd (MTIL) is primarily engaged into manufacturing and sale of denim fabrics in domestic and international markets under "Manomay" brand. The denim manufactured by the company ranges from 9 to 14 Oz/Sq Yd with different blends of cotton, polyester etc. with foam and wet finish.
They are also focusing on suiting fabrics of different qualities as per the market demand. MTIL has recently ventured into international markets and at present their customer base is spread over different regions in India as well as in countries like Guatamela and Mexico.
The Company Manomay Tex 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 | Working capital requirement | 8.50 |
| 2 | General Corporate Purpose | 2.16 |
[Dilip Davda] Cash surplus investors may consider investment for long term in Manomay Tex India BSE SME IPO. Read detail review...
| Listing Date | March 28, 2017 |
| BSE Script Code | 540396 |
| NSE Symbol | MANOMAY |
| ISIN | INE784W01015 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.40 |
| Low | ₹30.00 |
| High | ₹32.40 |
| Last Trade | ₹31.95 |
Manomay Tex India Ltd.
32 Heera Panna Market,
Pur Road,
Bhilwara
Bhilwara, Rajasthan, 311001
Phone: +91 1482 246983
Email: ykladdha@hotmail.com
Website: http://www.manomaytexindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Manomay Tex IPO is a SME IPO of 38,04,000 equity shares of the face value of ₹10 aggregating up to ₹11.41 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on March 15, 2017, and closes on March 20, 2017.
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 Manomay Tex IPO using UPI as a payment gateway. Zerodha customers can apply in Manomay Tex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manomay Tex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manomay Tex IPO opens on March 15, 2017 and closes on March 20, 2017.
Manomay Tex IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Manomay Tex 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 Manomay Tex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manomay Tex IPO allotment status.
The Manomay Tex IPO listing date is on Tuesday, March 28, 2017.
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