Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Mon, Sep 23, 2019 - Wed, Sep 25, 2019
Misquita Engineering IPO is a fixed price issue of ₹1.93 crores. The issue is a combination of fresh issue of 0.04 crore shares aggregating to ₹1.20 crores and offer for sale of 0.03 crore shares aggregating to ₹0.7344 crores.
Misquita Engineering IPO bidding started from Sep 23, 2019 and ended on Sep 25, 2019. The allotment for Misquita Engineering IPO was finalized on Sep 30, 2019. The shares got listed on BSE SME on Oct 4, 2019.
Misquita Engineering IPO price is ₹27 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to Misquita Engineering IPO RHP for detailed Information.
IPO Open
Mon, Sep 23, 2019
IPO Close
Wed, Sep 25, 2019
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹7.27 Cr
| IPO Date | 23 to 25 Sep, 2019 |
| Listed on | Fri, Oct 4, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,16,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 36,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.0972 Cr) |
| Fresh Issue (Ex Market Maker) | 4,08,000 shares (agg. up to ₹1 Cr) |
| Offer for Sale | 2,72,000 shares of ₹10 (agg. up to ₹0.7344 Cr) |
| Net Offered to Public | 6,80,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 22,50,000 shares |
| Share Holding Post Issue | 26,94,000 shares |
| BSE Script Code | 542801 |
| ISIN | INE957W01025 |
Misquita Engineering IPO comprises a total issue size of 7,16,000 shares. The net offer to the public is 6,80,000 shares, after excluding 36,000 shares allotted on a firm basis. Of the Net offer 3,40,000 (50.00%) allocated to NII 3,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,40,000 | 50.00% | 47.49% |
| Retail Shares Offered | 3,40,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 36,000 | 5.03% | |
| Total Shares Offered | 7,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Incorporated in 1998, Misquita Engineering Ltd is a manufacturer and supplier of front-loading washers. The company supplies and does job-work of the front-loading washers for washing machine makers in India.
The company believes in the zero-defect product which means zero wastage, zero effect and efficient & effective use of resources.
The company qualifies to work as a strategic supplier and supplies machined parts to Commscope USA. Misquita Engineering is planning to expand its building capacity and evolve new technologies to improve the process control level and automation system.
The company can maintain a tolerance band of ten microns (maximum) with 5 CNC turning centres and some supporting conventional machines.
| 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 | Prepayment/ repayment of certain debt facilities availed by our Company (Loan for shed expansion) | 0.25 |
| 2 | To Meet working capital requirement | 0.50 |
The Misquita IPO is subscribed 1.62 times on September 25, 2019 6:49:02 PM (Day 3). The public issue subscribed 0.72 times in the retail category, [.] times in the QIB category, and 2.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.52 | 3,40,000 | 8,56,000 |
| Retail | 0.72 | 3,40,000 | 2,44,000 |
| Total | 1.62 | 6,80,000 | 11,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fee and reimbursement of payment to other intermediaries such as Listing, Depository Fees, Legal Advisors, Statutory, Registrars, Marketing & Advertisement, Printing & Distribution, other Miscellaneous expense and out of pocket expenses etc. | 0.45 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.85 |
| Low | ₹27.85 |
| High | ₹29.20 |
| Last Trade | ₹29.20 |
Lead Manager Reports
Misquita Engineering IPO is a SME IPO of 7,16,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 23, 2019, and closes on Wed, Sep 25, 2019.
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 Misquita Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Misquita Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Misquita Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Misquita Engineering IPO opens on Mon, Sep 23, 2019 and closes on Wed, Sep 25, 2019.
Misquita Engineering IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in Misquita 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 Misquita Engineering IPO will be done on Monday, September 30, 2019, and the allotted shares will be credited to your demat account by Tue, Oct 1, 2019. Check the Misquita Engineering IPO allotment status.
The Misquita Engineering IPO listing date is on Fri, Oct 4, 2019.
