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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 ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares). The minimum lot size investment for 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 Date | September 23, 2019 to September 25, 2019 |
| Listing Date | October 4, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 7,16,000 shares (aggregating up to ₹1.93 Cr) |
| Reserved for Market Maker | 36,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.0972 Cr) |
| Fresh Issue (Ex Market Maker) | 4,08,000 shares (aggregating up to ₹1.10 Cr) |
| Offer for Sale | 2,72,000 shares of ₹10 (aggregating up to ₹0.7344 Cr) |
| Net Offered to Public | 6,80,000 shares (aggregating up to ₹1.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,50,000 shares |
| Share Holding Post Issue | 26,94,000 shares |
Misquita IPO offers total 7,16,000 shares. Out of which 3,40,000 (47.49%) allocated to NII, 3,40,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 36,000 (5.03%) |
| NII (HNI) Shares Offered | 3,40,000 (47.49%) |
| Retail Shares Offered | 3,40,000 (47.49%) |
| Total Shares Offered | 7,16,000 (100.00%) |
Misquita Engineering IPO opens on September 23, 2019, and closes on September 25, 2019.
| IPO Open Date | Mon, Sep 23, 2019 |
| IPO Close Date | Wed, Sep 25, 2019 |
| Tentative Allotment | Mon, Sep 30, 2019 |
| Initiation of Refunds | Tue, Oct 1, 2019 |
| Credit of Shares to Demat | Tue, Oct 1, 2019 |
| Tentative Listing Date | Fri, Oct 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 25, 2019 |
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 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 799.91 | 739.56 | 529.55 | |
| Total Revenue | 760.70 | 677.35 | 577.26 | |
| Profit After Tax | 42.12 | 25.26 | 15.71 | |
The Company Misquita Engineering 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 | Prepayment/ repayment of certain debt facilities availed by our Company (Loan for shed expansion) | 0.25 |
| 2 | To Meet working capital requirement | 0.50 |
[Dilip Davda] Based on average financial data, the issue is priced aggressively. MEL operates in a highly competitive field that may bring pressure on margins going forward. Company's tiny equity will take a longer duration for migration to the mainboard. There is no harm in giving it a miss Read detail review...
| Listing Date | October 4, 2019 |
| BSE Script Code | 542801 |
| NSE Symbol | |
| ISIN | INE957W01025 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.85 |
| Low | ₹27.85 |
| High | ₹29.20 |
| Last Trade | ₹29.20 |
Misquita Engineering Ltd.
182/1 Vaiginim Vaddo,
Nachinol,
Aldona,
North Goa, Goa, 403508
Phone: +91 83088 48233
Email: info@misquitaengg.com
Website: http://www.misquitaengg.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Misquita Engineering IPO is a SME IPO of 7,16,000 equity shares of the face value of ₹10 aggregating up to ₹1.93 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on September 23, 2019, and closes on September 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 September 23, 2019 and closes on September 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 Tuesday, October 1, 2019. Check the Misquita Engineering IPO allotment status.
The Misquita Engineering IPO listing date is on Friday, October 4, 2019.
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