Fixed Price IPO | ₹23 Cr | Listed at NSE SME | Tue, Oct 15, 2013 - Fri, Oct 18, 2013
MITCON Consultancy IPO is a fixed price issue of ₹23.44 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹23.44 crore.
MITCON Consultancy IPO bidding started from Oct 15, 2013 and ended on Oct 18, 2013. The shares got listed on NSE SME on Nov 1, 2013.
MITCON Consultancy IPO price is ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
IDBI Capital Markets Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Keynote Capitals Ltd..
Refer to MITCON Consultancy IPO RHP for detailed Information.
IPO Open
Tue, Oct 15, 2013
IPO Close
Fri, Oct 18, 2013
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹73.81 Cr
| IPO Date | 15 to 18 Oct, 2013 |
| Listed on | Fri, Nov 1, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,42,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,06,000 shares Keynote Capitals Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 36,36,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 36,36,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,21,00,000 shares |
| NSE Symbol | MITCON |
| ISIN | INE828O01033 |
MITCON Consultancy IPO comprises a total issue size of 41,00,000 shares. The net offer to the public is 38,94,000 shares, after excluding 2,06,000 shares allotted on a firm basis. Of the Net offer 19,46,000 (49.97%) allocated to NII 19,48,000 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,46,000 | 49.97% | 47.46% |
| Retail Shares Offered | 19,48,000 | 50.03% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,06,000 | 5.02% | |
| Total Shares Offered | 41,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Incorporated in 2010, MITCON Consultancy & Engineering Services Ltd is an ISO 9001:2008 certified company engaged in providing consultancy and engineering services. They provides services to banking, infrastructure and biotechnology sectors. They have provided services to small and medium enterprises (SME), large corporates, banks, financial institutions and various government bodies. They classify their services into Consultancy and Engineering Services and Training and Allied services.
Their client based includes GSPC Pipavav Power Company Limited, Ajanta Pharma Limited, VRL Logistics Limited, Sterling Biotech Limited, Naine Minerals & Resources Pte. Limited, Kisan Veer Satara Sahakari Sakhar Karkhana Limited, Shri Vile Parle Kelavani Mandal, D. J. Malpani, Giriraj Enterprises, Mahalaxmi TMT Private Limited, Adlabs Entertainment Limited, HPCL Biofuels Limited, PMT Machines Limited, Kalika Steels Alloys Private Limited and Maharashtra State Police Wireless. Company's shareholders include private sector banks, nationalized banks, financial institutions and state government development corporations.
| 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 | Acquisition of property for setting up new offices in Bangalore, Hyderabad, Chennai, New Delhi and Ahmedabad and environment testing laboratory in Bangalore and Ahmedabad | 16.14 |
| 2 | Purchase of office equipment for new offices | 0.58 |
| 3 | Purchase of furniture and fixtures and carrying out interior designing for the new offices and the environment testing laboratory | 2.91 |
| 4 | Purchase of equipment for environment testing laboratory at Ahmedabad and Bangalore | 1.02 |
| 5 | General Corporate Purposes | 0.81 |
| KPI | |
|---|---|
| RoNW | 18.32% |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹60.00 |
| Low | ₹51.10 |
| High | ₹60.00 |
| Last Trade | ₹51.10 |
Lead Manager Reports
MITCON Consultancy IPO is a SME IPO of 38,42,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Oct 15, 2013, and closes on Fri, Oct 18, 2013.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in MITCON Consultancy IPO using UPI as a payment gateway. Zerodha customers can apply in MITCON Consultancy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MITCON Consultancy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MITCON Consultancy IPO opens on Tue, Oct 15, 2013 and closes on Fri, Oct 18, 2013.
MITCON Consultancy IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in MITCON Consultancy 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 MITCON Consultancy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MITCON Consultancy IPO allotment status.
The MITCON Consultancy IPO listing date is on Fri, Nov 1, 2013.
