Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Fri, Aug 26, 2016 - Wed, Aug 31, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 26, 2016
IPO Close
Wed, Aug 31, 2016
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹33.49 Cr
| IPO Date | 26 to 31 Aug, 2016 |
| Listed on | Fri, Sep 9, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,800 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 52,800 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.5016 Cr) |
| Offer for Sale | 9,48,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 9,48,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 35,25,000 shares |
| Share Holding Post Issue | 35,25,000 shares |
| BSE Script Code | 540078 |
| ISIN | INE317V01016 |
Mitsu Chem Plast IPO comprises a total issue size of 10,00,800 shares. The net offer to the public is 9,48,000 shares, after excluding 52,800 shares allotted on a firm basis. Of the Net offer 4,74,000 (50.00%) allocated to NII 4,74,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,74,000 | 50.00% | 47.36% |
| Retail Shares Offered | 4,74,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 52,800 | 5.28% | |
| Total Shares Offered | 10,00,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.38 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.05 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Making fees (1st year), Regulatory & Other Expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹96.00 |
| Low | ₹95.20 |
| High | ₹96.40 |
| Last Trade | ₹96.20 |
Lead Manager Reports
Mitsu Chem Plast IPO is a SME IPO of 10,00,800 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Aug 26, 2016, and closes on Wed, Aug 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 Fri, Aug 26, 2016 and closes on Wed, Aug 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 Fri, Sep 9, 2016.
