Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Milan Ginning Pressing Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on September 18, 2025.
Milan Ginning Pressing Ltd. IPO was a Book Build Issue consisting of fresh issue of ₹76.00 crores and an offer for sale (OFS) of upto 0.04 crore equity shares.
The equity shares were proposed to be listed on the BSE SME. PNB Investment Services Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Fresh Issue | [.] shares (agg. up to ₹76 Cr) |
| Offer for Sale | 3,72,500 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,65,20,876 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 30, 2025 |
| Offer document withdrawn | Thu, Sep 18, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Milan Ginning & Pressing is engaged in the business of ginning and pressing cotton. It manufactures cotton bales, open end yarn, cotton seed, cotton seed oil, cotton linter, De Oil cakes, hulls and trading of cotton bales, open end yarn, cotton yarn, fabric, polyester yarn, and other miscellaneous products.
The company typically procures raw cotton from farmers and separates the cotton lint from seeds using mechanical ginning machines. The lint is then pressed into bales and sold to spinning mills and textile companies, while the cottonseed is often sold to oil mills for further processing.
Milan Ginning & Pressing is known for its consistent quality, efficient processing capabilities, and adherence to industry standards. It caters to textile manufacturers and exporters.
Its production facility is located in Limbdi, Surendranagar, Saurashtra, Gujarat, India, across an area of 22,864.75 square meter.
Competitive strengths
| Period Ended | 31 Dec 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 307.98 | 275.48 |
| Total Income | 669.43 | 909.23 |
| Profit After Tax | 7.92 | 11.51 |
| EBITDA | 16.55 | 21.40 |
| NET Worth | 48.40 | 40.53 |
| Reserves and Surplus | 31.88 | 24.01 |
| Total Borrowing | 54.78 | 61.03 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in our Subsidiary for financing Proposed Project | 34.20 |
| 2 | Funding company's incremental working capital requirements | 24.80 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 34.15 % |
| ROCE | 23.09% |
| Debt/Equity | 1.51 |
| RoNW | 34.15% |
| PAT Margin | 1.28% |
| EBITDA Margin | 2.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Milan Ginning Pressing IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Milan Ginning Pressing 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 Milan Ginning Pressing IPO using UPI as a payment gateway. Zerodha customers can apply in Milan Ginning Pressing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Milan Ginning Pressing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Milan Ginning Pressing IPO dates are not announced. Please check back again after some time.
Milan Ginning Pressing IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Milan Ginning Pressing 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 Milan Ginning Pressing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Milan Ginning Pressing IPO allotment status.
The Milan Ginning Pressing IPO listing date is not yet announced. The tentative date of listing is .
