Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Thu, Sep 25, 2014 - Tue, Sep 30, 2014
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 25, 2014
IPO Close
Tue, Sep 30, 2014
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹112.55 Cr
| IPO Date | 25 to 30 Sep, 2014 |
| Listed on | Thu, Oct 16, 2014 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹90 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,46,400 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,93,600 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Reserved for Private Promoter | 24,000 shares (agg. up to ₹0.2160 Cr) |
| Fresh Issue (Ex Market Maker) | 36,28,800 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 36,28,800 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,05,83,135 shares |
| Share Holding Post Issue | 1,44,29,535 shares |
| NSE Symbol | MOMAI |
| ISIN | INE133R01015 |
Momai Apparels IPO comprises a total issue size of 38,22,400 shares. The net offer to the public is 36,04,800 shares, after excluding 2,17,600 shares allotted on a firm basis. Of the Net offer 18,14,400 (50.00%) allocated to NII 18,14,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,14,400 | 50.00% | 47.47% |
| Retail Shares Offered | 18,14,400 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,93,600 | 5.06% | |
| Private Promoter Shares Offered | 24,000 | 0.63% | |
| Total Shares Offered | 38,22,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| 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 Land ( for setting up New Manufacturing Facility) | 7.00 |
| 2 | Long term working capital requirement | 24.00 |
| 3 | General Corporate Purposes | 9.63 |
| KPI | |
|---|---|
| RoNW | 19.09% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 29.26% | 21.46% |
| Market Cap | ₹112.55 Cr. |
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 | Fees for Book Running Lead Manager, Legal Advisors and other intermediaries such as registrar, etc. | 0.75 |
| 2 | Regulatory fees and legal expenses | 0.05 |
| 3 | Marketing expenses, Selling commission and other expenses | 1.90 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹78.00 |
| Low | ₹78.00 |
| High | ₹82.00 |
| Last Trade | ₹79.70 |
Lead Manager Reports
Momai Apparels IPO is a SME IPO of 38,46,400 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Sep 25, 2014, and closes on Tue, Sep 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 Thu, Sep 25, 2014 and closes on Tue, Sep 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 Thu, Oct 16, 2014.
