Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Sep 30, 2016 - Thu, Oct 6, 2016
Mewar Hi-Tech Engineering IPO is a fixed price issue of ₹2.34 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹2.34 crore.
Mewar Hi-Tech Engineering IPO bidding started from Sep 30, 2016 and ended on Oct 6, 2016. The shares got listed on BSE SME on Oct 17, 2016.
Mewar Hi-Tech Engineering IPO price is ₹22 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
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 Rikhav Securities Ltd..
Refer to Mewar Hi-Tech Engineering IPO RHP for detailed Information.
IPO Open
Fri, Sep 30, 2016
IPO Close
Thu, Oct 6, 2016
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹8.59 Cr
| IPO Date | 30 Sep to 6 Oct, 2016 |
| Listed on | Mon, Oct 17, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,62,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 60,000 shares Rikhav Securities Ltd. (agg. up to ₹0.1320 Cr) |
| Fresh Issue (Ex Market Maker) | 10,02,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 10,02,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 28,41,600 shares |
| Share Holding Post Issue | 39,03,600 shares |
| BSE Script Code | 540150 |
| ISIN | INE957U01011 |
Mewar Hi-Tech Engineering IPO comprises a total issue size of 10,62,000 shares. The net offer to the public is 10,02,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 4,98,000 (49.70%) allocated to NII 5,04,000 (50.30%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,98,000 | 49.70% | 46.89% |
| Retail Shares Offered | 5,04,000 | 50.30% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.65% | |
| Total Shares Offered | 10,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Incorporated in 2006, Mewar Hi-Tech Engineering Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of heavy machines like crushers, mixers and industrial material handling equipments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's products are sold under the brand name "Kingson".
Based in Udaipur, Rajasthan company manufacture pre-engineering building sheds, cranes, sand machines, concrete mixture machines, batch mixing plants, RMC (ready-mix concrete) plants, industrial products for crushing plants, Double Toggle Grease/Oil Crusher, Single Toggle Grease Jaw Crusher, Vibrating Screen, Horizontal Shaft Impactor, Vertical Shaft Impactor and Cone Crusher and other crushing, screening and customized size reduction equipments. Visit chittorgarh.com for more detail.
| 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 | General Corporate Purpose | 1.59 |
| 2 | Working Capital Requirements | 0.35 |
| 3 | Issue Expenses | 0.40 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | 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. | 0.31 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹26.40 |
| Low | ₹26.40 |
| High | ₹26.40 |
| Last Trade | ₹26.40 |
Lead Manager Reports
Mewar Hi-Tech Engineering IPO is a SME IPO of 10,62,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 30, 2016, and closes on Thu, Oct 6, 2016.
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 Mewar Hi-Tech Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Mewar Hi-Tech Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mewar Hi-Tech Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mewar Hi-Tech Engineering IPO opens on Fri, Sep 30, 2016 and closes on Thu, Oct 6, 2016.
Mewar Hi-Tech Engineering IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Mewar Hi-Tech Engineering 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 Mewar Hi-Tech Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mewar Hi-Tech Engineering IPO allotment status.
The Mewar Hi-Tech Engineering IPO listing date is on Mon, Oct 17, 2016.
