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Mewar Hitech Engineering is a fixed price issue of Rs 2.34 crores.
Mewar Hitech Engineering bidding started from September 30, 2016 and ended on October 6, 2016. The shares got listed on BSE SME on October 17, 2016.
Mewar Hitech Engineering price is ₹22 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Mewar Hitech Engineering, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Mewar Hitech Engineering RHP for detailed information.
| IPO Date | September 30, 2016 to October 6, 2016 |
| Listing Date | October 17, 2016 |
| Face Value | ₹10 per share |
| Price | ₹22 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,062,000 shares (aggregating up to ₹2.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,841,600 |
| Share holding post issue | 3,903,600 |
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 | ₹132,000 |
| Retail (Max) | 1 | 6000 | ₹132,000 |
| Lot Size Calculator | |||
Incorporated in 2006, Mewar Hi-Tech Engineering Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of heavy machines like crushers, mixers and industrial material handling equipments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's products are sold under the brand name "Kingson".
Based in Udaipur, Rajasthan company manufacture pre-engineering building sheds, cranes, sand machines, concrete mixture machines, batch mixing plants, RMC (ready-mix concrete) plants, industrial products for crushing plants, Double Toggle Grease/Oil Crusher, Single Toggle Grease Jaw Crusher, Vibrating Screen, Horizontal Shaft Impactor, Vertical Shaft Impactor and Cone Crusher and other crushing, screening and customized size reduction equipments. Visit chittorgarh.com for more detail.
The objects of the Issue are:
1. Working Capital requirements;
2. General Corporate Purposes;
3. Issue Expenses.
[Dilip Davda] Inconsistency in performance raises concern. Also being a costly bet, investors may give it a miss. Read detail review...
| Listing Date | October 17, 2016 |
| BSE Script Code | 540150 |
| NSE Symbol | |
| ISIN | INE957U01011 |
| Final Issue Price | ₹22 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹22.00 |
| ₹26.40 |
| ₹26.40 |
| ₹26.40 |
| ₹26.40 |
Mewar Hi-Tech Engineering Ltd
1, Hawa Magri,
Industrial Area,
Sukher, Udaipur - 313001
Phone: 0294-2440235
Email: investor@kingsoncrusher.com
Website: http://www.mewarhitech.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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Mewar Hitech Engineering is a SME IPO of 1,062,000 equity shares of the face value of ₹10 aggregating up to ₹2.34 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 30, 2016, and closes on October 6, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Mewar Hitech Engineering opens on September 30, 2016 and closes on October 6, 2016.
Mewar Hitech Engineering lot size is 6000 Shares, and the minimum amount required is ₹132,000.
You can apply in Mewar Hitech Engineering 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 Mewar Hitech Engineering will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mewar Hitech Engineering allotment status.
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RHP
NII and QIB have taken cream in this IPO.. Retail portion unsubscribed and retail investors'''' shares pocketed by NII and QIB for India''''s largest mattress manufacturer which is almost debt free, has high return on equity and has established position in the ever expanding consumer market... Jai Ho to brokerages saying the IPO is expensive..!!