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Meghmani Organics IPO is a book build issue of ₹102.00 crores. The issue is entirely a fresh issue of 5.37 crore shares of ₹102.00 crore.
Meghmani Organics IPO bidding started from Jun 4, 2007 and ended on Jun 7, 2007. The shares got listed on BSE, NSE on Jun 28, 2007.
Meghmani Organics IPO price band is set at ₹19.00 per share . The lot size for an application is 350. The minimum amount of investment required by an retail is ₹5,950 (350 shares). The lot size investment for sNII is 31 lots (10,850 shares), amounting to ₹2,06,150, and for bNII, it is 151 lots (52,850 shares), amounting to ₹10,04,150.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Meghmani Organics IPO RHP for detailed Information.
| IPO Date | June 4, 2007 to June 7, 2007 |
| Listing Date | June 28, 2007 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹17 to ₹19 per share |
| Issue Price Final | ₹19 per share |
| Lot Size | 350 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,36,84,211 shares (aggregating up to ₹102.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 20,06,30,000 shares |
| Share Holding Post Issue | 25,43,14,211 shares |
Meghmani IPO offers total 5,36,84,211 shares. Out of which 3,22,10,526 (60.00%) allocated to QIB, 53,68,421 (10.00%) allocated to NII, 1,61,05,264 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,22,10,526 (60.00%) | NA |
| NII (HNI) Shares Offered | 53,68,421 (10.00%) | NA |
| Retail Shares Offered | 1,61,05,264 (30.00%) | 46,015 |
| Total Shares Offered | 5,36,84,211 (100.00%) |
Meghmani Organics IPO opens on June 4, 2007, and closes on June 7, 2007.
| IPO Open Date | Mon, Jun 4, 2007 |
| IPO Close Date | Thu, Jun 7, 2007 |
| Tentative Listing Date | Thu, Jun 28, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 7, 2007 |
Investors can bid for a minimum of 350 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 | 350 | ₹6,650 |
| Retail (Max) | 30 | 10,500 | ₹1,99,500 |
| S-HNI (Min) | 31 | 10,850 | ₹2,06,150 |
| S-HNI (Max) | 150 | 52,500 | ₹9,97,500 |
| B-HNI (Min) | 151 | 52,850 | ₹10,04,150 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Meghmani Organics Limited is in the business of manufacturing pigments and agrochemicals.
Meghmani Organics manufacture green and blue pigments used in printing inks, plastics, rubber, paints, textiles, leather and paper industry. A majority of pigments are exported with exports constituted around 85% of Meghmani's pigment business revenue last year.
Meghmani Organics also manufacture Agrochemical products including pesticide intermediates, technical grade pesticides and pesticide formulations. Exports constituted about 66% of our revenues of Meghmani's agrochemical revenue last year.
The Company Meghmani 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 | To finance setting up of a new high performance pigment plant ("HPP") at GIDC Industrial Estate, Vatva, Ahmedabad | 145.20 |
| 2 | New Technical grade Pesticide /Formulation plant at Panoli | 114.20 |
| 3 | Investment in our subsidiary, Meghmani Energy Limited to finance setting up of 3 MW Captive Power Plant at Chharodi | 144.10 |
| 4 | Inorganic growth opportunities/diversification opportunities / general corporate purpose | 197.97 |
| 5 | Financing working capital needs | 349.00 |
| 6 | Issue expenses | 69.53 |
| Listing Date | June 28, 2007 |
| BSE Script Code | 532865 |
| NSE Symbol | MEGH |
| ISIN | INE974H01013 |
| Final Issue Price | ₹19 per share |
Meghmani Organics Ltd.
Meghmani Organics Limited
Plot No. 184, Phase II, G.I.D.C. Vatva,
Ahmedabad -382 445, Gujarat, India
Ahmedabad, Gujarat
Phone: + 91 79 25831210
Email: ipo@meghmani.com
Website: http://www.meghmani.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: meghmani-ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Meghmani Organics IPO is a main-board IPO of 5,36,84,211 equity shares of the face value of ₹1 aggregating up to ₹102.00 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 350.
The IPO opens on June 4, 2007, and closes on June 7, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Meghmani Organics IPO using UPI as a payment gateway. Zerodha customers can apply in Meghmani Organics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Meghmani Organics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Meghmani Organics IPO opens on June 4, 2007 and closes on June 7, 2007.
Meghmani Organics IPO lot size is 350, and the minimum amount required for application is ₹6,650.
You can apply in Meghmani Organics 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 Meghmani Organics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Meghmani Organics IPO allotment status.
The Meghmani Organics IPO listing date is on Thursday, June 28, 2007.
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