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Max Supreme Textiles Ltd. IPO is a Fixed Price Issue
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 88,000 shares (aggregating up to ₹0.5456 Cr) |
| Net Offered to Public | 17,20,000 shares (aggregating up to ₹10.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 57,20,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2021, Max Supreme Textiles Limited is a leading manufacturer of narrow fabrics in India.
The company specializes in producing high-quality webbings, tapes, elastics, and various garment accessories.
Their product range includes webbing & and binding tapes, bungee cords, garment tapes, woven and jacquard elastics, mattress tapes, polypropylene multifilament yarn, pet leash tapes, grosgrain ribbons, footwear tapes and elastics, medical webbing tapes, and more.
The company served 47 customers in Q1 of FY 2024, 68 in FY 2024, 17 in FY 2023, and 20 in FY 2022, during the respective periods ending June 30 each year.
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12.45 | 11.79 | 6.77 | 4.05 |
| Total Income | 1.37 | 6.2 | 5.45 | 5.23 |
| Profit After Tax | 0.2 | 1.68 | 1.9 | 1.39 |
| Net Worth | 5.58 | 5.37 | 3.69 | 1.79 |
| Reserves and Surplus | 5.18 | 4.97 | 3.29 | 1.39 |
| Amount in ₹ Crore | ||||
The market capitalization of Max Supreme Textiles IPO is ₹35.46 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 0.37% |
| ROCE | 0.20% |
| Debt/Equity | 1.04 |
| RoNW | 31.32% |
| PAT Margin | 27.31% |
| Price to Book Value | 4.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.21 | 1.43 |
| P/E (x) | 14.74 | 43.38 |
The Company Max Supreme Textiles IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding towards construction of a new office building at the Unit-II land | 8.82 |
| 2 | Funding towards purchase of machinery and equipment at the Unit-II; | 9.87 |
| 3 | Meeting incremental working capital requirements | 50.63 |
| 4 | General Corporate Purposes |
Max Supreme Textiles Ltd.
10/1051, Ayyappanpara,Thevarmani,
Chathamangalam PO, Nemmara, Chathamangalam,
Palakkad, Chittur,
Chittur, Kerala, 678508
Phone: +91 04923 291956
Email: info@maxsupremetextiles.com
Website: http://www.maxsupremetextiles.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mstl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Max Supreme Textiles IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The Max Supreme Textiles IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Max Supreme Textiles IPO using UPI as a payment gateway. Zerodha customers can apply in Max Supreme Textiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Max Supreme Textiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Max Supreme Textiles IPO dates are not announced. Please check back again after some time.
Max Supreme Textiles IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Max Supreme Textiles 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 Max Supreme Textiles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Max Supreme Textiles IPO allotment status.
The Max Supreme Textiles IPO listing date is not yet announced. The tentative date of Max Supreme Textiles IPO listing is [.].
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