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Mahickra Chemicals IPO is a book built issue of Rs 5.25 crores.
Mahickra Chemicals IPO bidding started from April 16, 2018 and ended on April 18, 2018. The allotment for Mahickra Chemicals IPO was finalized on Monday, April 23, 2018. The shares got listed on NSE SME on April 26, 2018.
Mahickra Chemicals IPO price band is set at ₹24 to ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Mahickra Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Mahickra Chemicals IPO RHP for detailed information.
IPO Date | April 16, 2018 to April 18, 2018 |
Listing Date | April 26, 2018 |
Face Value | ₹10 per share |
Price Band | ₹24 to ₹25 per share |
Lot Size | 6000 Shares |
Total Issue Size | 2,100,000 shares (aggregating up to ₹5.25 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 5,134,160 |
Share holding post issue | 7,234,160 |
Market Maker portion | 108,000 shares |
Mahickra Chemicals IPO offers 2,208,000 shares. 996,000 (45.11%) to NII, 996,000 (45.11%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 108,000 (4.89%) |
NII (HNI) Shares Offered | 996,000 (45.11%) |
Retail Shares Offered | 996,000 (45.11%) | Other Shares Offered | 108,000 (4.89%) |
Total Shares Offered | 2,208,000 (100%) |
Mahickra Chemicals IPO opens on April 16, 2018, and closes on April 18, 2018.
IPO Open Date | Monday, April 16, 2018 |
IPO Close Date | Wednesday, April 18, 2018 |
Basis of Allotment | Monday, April 23, 2018 |
Initiation of Refunds | Tuesday, April 24, 2018 |
Credit of Shares to Demat | Wednesday, April 25, 2018 |
Listing Date | Thursday, April 26, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2018 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 6000 | ₹150,000 |
Retail (Max) | 1 | 6000 | ₹150,000 |
Lot Size Calculator |
Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.
Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.
Particulars | For the year/period ended (in Rs. Lacs) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 2562.24 | 1817.89 | 1781.93 | 2089.50 | 1063.95 | |
Total Revenue | 4225.85 | 3478.82 | 4275.15 | 4355.99 | 1932.94 | |
Profit After Tax | 35.27 | 15.17 | 8.60 | 17.36 | 9.31 |
The object of the Issue are:
1. Funding the working capital requirements of the Company;
2. General Corporate Purposes
[Dilip Davda] Considering aggressive pricing ofMahickra Chemicals NSE SME IPO, there is no harm in giving it a miss. Read detail review...
The Mahickra Chemicals IPO is subscribed 27.85 times on April 18, 2018 5:00:00 PM. The public issue subscribed 9.88 times in the retail category, times in the QIB category, and 22.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
NII | 22.42 |
Retail | 9.88 |
Total | 27.85 |
Listing Date | April 26, 2018 |
BSE Script Code | |
NSE Symbol | MAHICKRA |
ISIN | INE961Y01015 |
Final Issue Price | ₹25 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹25.00 |
₹35.00 |
₹35.00 |
₹36.75 |
₹36.75 |
Mahickra Chemicals Limited
Plot No. 1209, Phase-3 GIDC Vatva
Ahmedabad-382445
Phone: 079-25890811/25832692
Email: info@mahickra.com
Website: http://www.mahickra.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Mahickra Chemicals IPO is a SME IPO of 2,100,000 equity shares of the face value of ₹10 aggregating up to ₹5.25 Crores. The issue is priced at ₹24 to ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on April 16, 2018, and closes on April 18, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Mahickra Chemicals IPO opens on April 16, 2018 and closes on April 18, 2018.
Mahickra Chemicals IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Mahickra Chemicals IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mahickra Chemicals IPO will be done on Monday, April 23, 2018, and the allotted shares will be credited to your demat account by Wednesday, April 25, 2018. Check the Mahickra Chemicals IPO allotment status.
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