Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Milan Ginning Pressing Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on June 30, 2025 to raise funds through Initial Public Offer (IPO).
Milan Ginning Pressing Ltd. IPO is 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 are proposed to be listed on the BSE SME. PNB Investment Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Milan Ginning Pressing IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Fresh Issue | [.] shares (aggregating up to ₹76.00 Cr) |
| Offer for Sale | 3,72,500 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,65,20,876 shares |
| 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 |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 30, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
| KPI | Values |
|---|---|
| ROE | 34.15 % |
| ROCE | 23.09% |
| Debt/Equity | 1.51 |
| RoNW | 34.15% |
| PAT Margin | 1.28% |
| EBITDA Margin | 2.37% |
The Company Milan Ginning Pressing IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
Milan Ginning Pressing Ltd.
Revenue Survey No.555/P, Near Chorania
440KV Watt Sub Station, National Highway-8
Untadi, Surendra Nagar,
Limbdi, Gujarat, 363421
Phone: +91 027 5329 900
Email: cs@milangroupindia.com
Website: https://www.milangroupindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mgl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 . 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 Milan Ginning Pressing IPO listing is [.].
Useful Articles
