Bookbuilding IPO | ₹11 Cr | Listed at BSE SME | Wed, Mar 15, 2017 - Mon, Mar 20, 2017
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 15, 2017
IPO Close
Mon, Mar 20, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹38.05 Cr
| IPO Date | 15 to 20 Mar, 2017 |
| Listed on | Tue, Mar 28, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹30 |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 38,04,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,96,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.5880 Cr) |
| Fresh Issue (Ex Market Maker) | 36,08,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 36,08,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 88,79,350 shares |
| Share Holding Post Issue | 1,26,83,350 shares |
| BSE Script Code | 540396 MANOMAY |
| ISIN | INE784W01015 |
Manomay Tex IPO comprises a total issue size of 38,04,000 shares. The net offer to the public is 36,08,000 shares, after excluding 1,96,000 shares allotted on a firm basis. Of the Net offer 18,04,000 (50.00%) allocated to NII 18,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,04,000 | 50.00% | 47.42% |
| Retail Shares Offered | 18,04,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,96,000 | 5.15% | |
| Total Shares Offered | 38,04,000 | 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 | ₹1,20,000 |
| 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.
| 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 | Working capital requirement | 8.50 |
| 2 | General Corporate Purpose | 2.16 |
The Manomay Tex IPO is subscribed 3.72 times on March 20, 2017 6:00:00 PM (Day 3). The public issue subscribed 4.74 times in the retail category, [.] times in the QIB category, and 2.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.71 | 18,04,000 | 48,84,000 |
| Retail | 4.74 | 18,04,000 | 85,44,000 |
| Total | 3.72 | 36,08,000 | 1,34,28,000 |
| # | 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 | 0.39 |
| 2 | Regulatory fees | 0.13 |
| 3 | Marketing and Other Expenses | 0.23 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.40 |
| Low | ₹30.00 |
| High | ₹32.40 |
| Last Trade | ₹31.95 |
Lead Manager Reports
Manomay Tex IPO is a SME IPO of 38,04,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Mar 15, 2017, and closes on Mon, Mar 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 Wed, Mar 15, 2017 and closes on Mon, Mar 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 Tue, Mar 28, 2017.
