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Mitsu Chem Plast IPO is a fixed price issue of ₹9.51 crores. The issue is entirely an offer for sale of 0.10 crore shares of ₹9.51 crore.
Mitsu Chem Plast IPO bidding started from Aug 26, 2016 and ended on Aug 31, 2016. The shares got listed on BSE SME on Sep 9, 2016.
Mitsu Chem Plast IPO price is ₹95.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
Aryaman Financial 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 Aryaman Capital Markets Ltd..
Refer to Mitsu Chem Plast IPO RHP for detailed Information.
| IPO Date | August 26, 2016 to August 31, 2016 |
| Listing Date | September 9, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 10,00,800 shares (aggregating up to ₹9.51 Cr) |
| Reserved for Market Maker | 52,800 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.5016 Cr) |
| Net Offered to Public | 9,48,000 shares (aggregating up to ₹9.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,25,000 shares |
| Share Holding Post Issue | 35,25,000 shares |
Mitsu Chem Plast IPO offers total 10,00,800 shares. Out of which 4,74,000 (47.36%) allocated to NII, 4,74,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,800 (5.28%) |
| NII (HNI) Shares Offered | 4,74,000 (47.36%) |
| Retail Shares Offered | 4,74,000 (47.36%) |
| Total Shares Offered | 10,00,800 (100.00%) |
Mitsu Chem Plast IPO opens on August 26, 2016, and closes on August 31, 2016.
| IPO Open Date | Fri, Aug 26, 2016 |
| IPO Close Date | Wed, Aug 31, 2016 |
| Tentative Listing Date | Fri, Sep 9, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 31, 2016 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Mitsu Chem Plast Ltd (MCPL) is an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified polymer based molded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products &Emergency Handling Solutions. MCPL's products are manufactured under brand 'Mitsu' and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies.
[Dilip Davda] Investors may consider investment for long term. The asking price is at a P/E of 17 plus against industry average of 22. Thus this IPO appears to have been priced reasonably. Read detail review...
| Listing Date | September 9, 2016 |
| BSE Script Code | 540078 |
| NSE Symbol | |
| ISIN | INE317V01016 |
| Final Issue Price | ₹95 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹96.00 |
| Low | ₹95.20 |
| High | ₹96.40 |
| Last Trade | ₹96.20 |
Mitsu Chem Plast Ltd.
329, Gala Complex, 3rd Floor,
Din Dayal Upadhyay Marg,
Mulund (W)
Mumbai, Maharashtra, 400080
Phone: 022 2592 0055
Email: investor@mitsuchem.com
Website: http://www.mitsuchem.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mitsu Chem Plast IPO is a SME IPO of 10,00,800 equity shares of the face value of ₹10 aggregating up to ₹9.51 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on August 26, 2016, and closes on August 31, 2016.
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 Mitsu Chem Plast IPO using UPI as a payment gateway. Zerodha customers can apply in Mitsu Chem Plast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mitsu Chem Plast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mitsu Chem Plast IPO opens on August 26, 2016 and closes on August 31, 2016.
Mitsu Chem Plast IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Mitsu Chem Plast 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 Mitsu Chem Plast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mitsu Chem Plast IPO allotment status.
The Mitsu Chem Plast IPO listing date is on Friday, September 9, 2016.
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