Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Dec 6, 2017 - Fri, Dec 8, 2017
MRC Exim IPO is a fixed price issue of ₹4.50 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹4.50 crore.
MRC Exim IPO bidding started from Dec 6, 2017 and ended on Dec 8, 2017. The shares got listed on BSE SME on Dec 18, 2017.
MRC Exim IPO price is ₹15 per share.
The book running lead manager (Not declared yet) and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to MRC Exim IPO RHP for detailed Information.
IPO Open
Wed, Dec 6, 2017
IPO Close
Fri, Dec 8, 2017
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹15.63 Cr
| IPO Date | 6 to 8 Dec, 2017 |
| Listed on | Mon, Dec 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,52,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2280 Cr) |
| Fresh Issue (Ex Market Maker) | 28,48,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 28,48,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 74,20,900 shares |
| Share Holding Post Issue | 1,04,20,900 shares |
| BSE Script Code | 540809 |
| ISIN | INE333Y01017 |
MRC Exim IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,48,000 shares, after excluding 1,52,000 shares allotted on a firm basis. Of the Net offer 14,24,000 (50.00%) allocated to NII 14,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Retail Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,52,000 | 5.07% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Incorporated in Oct 2015, MRC Exim Limited is Mumbai based company engaged in the business of trading of various industrial, metals and alloy products including iron and steel. MRC Exim is multi-product trading company with a diverse product portfolio.
The product portfolio of the company includes product such as GI Pipes, Insulators, Transmitter, Heat Exchangers, Conductors, Water Pumps, Graphite, Cobalt, Tungsten, Aluminum, Coil & Steel Pipe, D1 Tool Steel, D2 Tool Steel and Tool Steel HSD amongst others. MRC Exim serves the corporate and other clients from fabrication and manufacturing industry.
| 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 | Augmenting additional working capital requirements | 4.05 |
The MRC Exim IPO is subscribed [.] times on December 7, 2017 5:00:00 PM (Day 2). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.25 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution and postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.00 |
| Low | ₹12.00 |
| High | ₹15.00 |
| Last Trade | ₹12.50 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
MRC Exim IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹15 per share. The minimum order quantity is .
The IPO opens on Wed, Dec 6, 2017, and closes on Fri, Dec 8, 2017.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in MRC Exim IPO using UPI as a payment gateway. Zerodha customers can apply in MRC Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MRC Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MRC Exim IPO opens on Wed, Dec 6, 2017 and closes on Fri, Dec 8, 2017.
MRC Exim IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MRC Exim 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 MRC Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MRC Exim IPO allotment status.
The MRC Exim IPO listing date is on Mon, Dec 18, 2017.
