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Milton Industries IPO is a fixed price issue of ₹14.28 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹14.28 crore.
Milton Industries IPO bidding started from Sep 29, 2017 and ended on Oct 6, 2017. The shares got listed on NSE SME on Oct 16, 2017.
Milton Industries IPO price is ₹34.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,72,000.
Swastika Investmart 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 Beeline Broking Ltd..
Refer to Milton Industries IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 6, 2017 |
| Listing Date | October 16, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹34 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹14.28 Cr) |
| Reserved for Market Maker | 2,16,000 shares Beeline Broking Ltd. (aggregating up to ₹0.7344 Cr) |
| Net Offered to Public | 39,84,000 shares (aggregating up to ₹13.55 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,54,50,000 shares |
Milton Industries IPO offers total 42,00,000 shares. Out of which 19,92,000 (47.43%) allocated to NII, 19,92,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.14%) |
| NII (HNI) Shares Offered | 19,92,000 (47.43%) |
| Retail Shares Offered | 19,92,000 (47.43%) |
| Total Shares Offered | 42,00,000 (100.00%) |
Milton Industries IPO opens on September 29, 2017, and closes on October 6, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Fri, Oct 6, 2017 |
| Tentative Listing Date | Mon, Oct 16, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 6, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,36,000 |
| Retail (Max) | 1 | 4,000 | ₹1,36,000 |
| HNI (Min) | 2 | 8,000 | ₹2,72,000 |
Incorporated in 1985, Milton Industries Limited is Ahmedabad Gujrat based manufacturer and exporter of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets.
The laminates produced by the company are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.
PVC Coated Fabrics produced by the company are sold to Government Agencies, such as Indian Railways, State Transport Corporation of Different States and also exported to different countries.
Milton Industries has two manufacturing units in Mehsana and Sabarkantha, both located in Gujrat. The development process includes design, development, testing, manufacturing and delivery of the products.
Strengths of Milton Industries:
1. Cost efficient manufacturing and supply chain management
2. The location of manufacturing facilities gives a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs.
3. Our Promoter has around 32 years of experience in the industry.
4. Presence in many countries
5. Extensive distribution network
The Company Milton Industries 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 | To Meet Working Capital Requirement | 13.00 |
| 2 | General Corporate Expenses | 0.91 |
[Dilip Davda] Considering aggressive pricing, risk savy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | October 16, 2017 |
| BSE Script Code | |
| NSE Symbol | MILTON |
| ISIN | INE376Y01016 |
| Final Issue Price | ₹34 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹34.00 |
| Open | ₹40.80 |
| Low | ₹32.20 |
| High | ₹40.80 |
| Last Trade | ₹34.35 |
Milton Industries Ltd.
1/2, Chitra-Ami Appartment,
Opp. La Gajjar Chamber,
Ashram Road,
Ahmedabad, Gujarat, 380009
Phone: +91-79-26584193
Email: cs@miltonindustries.in
Website: http://www.miltonindustries.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Milton Industries IPO is a SME IPO of 42,00,000 equity shares of the face value of ₹10 aggregating up to ₹14.28 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000.
The IPO opens on September 29, 2017, and closes on October 6, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Milton Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Milton Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Milton Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Milton Industries IPO opens on September 29, 2017 and closes on October 6, 2017.
Milton Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,36,000.
You can apply in Milton Industries 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 Milton Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Milton Industries IPO allotment status.
The Milton Industries IPO listing date is on Monday, October 16, 2017.
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