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Momai Apparels IPO is a book build issue of ₹30.00 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹30.00 crore.
Momai Apparels IPO bidding started from Sep 25, 2014 and ended on Sep 30, 2014. The shares got listed on NSE SME on Oct 16, 2014.
Momai Apparels IPO price band is set at ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Pantomath Capital Advisors Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Momai Apparels IPO RHP for detailed Information.
| IPO Date | September 25, 2014 to September 30, 2014 |
| Listing Date | October 16, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹78 to ₹90 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,46,400 shares (aggregating up to ₹30.00 Cr) |
| Reserved for Market Maker | 1,93,600 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹1.74 Cr) |
| Reserved for Private Promoter | 24,000 shares (aggregating up to ₹0.2160 Cr) |
| Net Offered to Public | 36,28,800 shares (aggregating up to ₹28.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,05,83,135 shares |
| Share Holding Post Issue | 1,44,29,535 shares |
Momai Apparels IPO offers total 38,22,400 shares. Out of which 18,14,400 (47.47%) allocated to NII, 18,14,400 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,93,600 (5.06%) |
| NII (HNI) Shares Offered | 18,14,400 (47.47%) |
| Retail Shares Offered | 18,14,400 (47.47%) |
| Total Shares Offered | 38,22,400 (100.00%) |
Momai Apparels IPO opens on September 25, 2014, and closes on September 30, 2014.
| IPO Open Date | Thu, Sep 25, 2014 |
| IPO Close Date | Tue, Sep 30, 2014 |
| Tentative Listing Date | Thu, Oct 16, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2014 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME.
Momai Apparels is engaged in manufacturing of intimate garments. Company product line includes:
Lounge Wear (Under brand name 'Valentine' and 'NLine')
1. Loungewear for men, women, teenagers and toddlers
2. Bridal night wear and honeymoon sets
3. Bathrobes for men and women
4. Kids wear and Kids inner wear
Nighties & Bath robes (Under brand names 'N&D Night & Day')
1. Night wear
2. Maternity feeding night wear Bridal (two pieces)
3. Kids night wear
Sportswear (Under brand name 'Valentine Sports')
1. Sportswear and gym wear / yoga wear for both men and women
Company has a manufacturing facility at Bhiwandi, near Mumbai.
| KPI | Values |
|---|---|
| RoNW | 19.09% |
The Company Momai Apparels 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 | Acquisition of Land ( for setting up New Manufacturing Facility) | 7.00 |
| 2 | Long term working capital requirement | 24.00 |
| 3 | Meet Issue Expenses | 2.70 |
| 4 | General Corporate Purposes | 9.63 |
[Dilip Davda] <p>On merchant banker’s front, this is the fourth issue out of six IPOs in public domain and based on the track record, it appears, Pantomath is the sincere player in SME segment with projects having fundamentals. This merchant banker is not only first in bringing SME IPOs for both BSE and NSE, but is also taking lead in promoting SME sector with many initiatives in this regards.</p> <p>Despite entry barriers of SME IPOs pre and post mode basis and poor support from primary market operators, long term investors should grab it as it is another mini Page Industries in the offing.</p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> Read detail review...
| Listing Date | October 16, 2014 |
| BSE Script Code | |
| NSE Symbol | MOMAI |
| ISIN | INE133R01015 |
| Final Issue Price | ₹78 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹78.00 |
| Low | ₹78.00 |
| High | ₹82.00 |
| Last Trade | ₹79.70 |
Momai Apparels Ltd.
Shop No.305-309, 3rd Floor,
Pacific Plaza Plot No.570, TPS IV,
Mahim Division, Dadar-W, Mumbai-28
Mahim, Maharashtra
Phone: 022-24331551
Email: investors@momaiapparels.com
Website: http://www.momaiapparels.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mal.ncd@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Momai Apparels IPO is a SME IPO of 38,46,400 equity shares of the face value of ₹10 aggregating up to ₹30.00 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on September 25, 2014, and closes on September 30, 2014.
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 Momai Apparels IPO using UPI as a payment gateway. Zerodha customers can apply in Momai Apparels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Momai Apparels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Momai Apparels IPO opens on September 25, 2014 and closes on September 30, 2014.
Momai Apparels IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Momai Apparels 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 Momai Apparels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Momai Apparels IPO allotment status.
The Momai Apparels IPO listing date is on Thursday, October 16, 2014.
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