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Milton Industries IPO is a fixed price issue of Rs 14.28 crores.
Milton Industries IPO bidding started from September 29, 2017 and ended on October 6, 2017. The shares got listed on NSE SME on October 16, 2017.
Milton Industries IPO price is ₹34 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Swastika Investmart Ltd is the book running lead manager of the Milton Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Milton Industries IPO RHP for detailed information.
| IPO Date | September 29, 2017 to October 6, 2017 |
| Listing Date | October 16, 2017 |
| Face Value | ₹10 per share |
| Price | ₹34 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,200,000 shares (aggregating up to ₹14.28 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,250,000 |
| Share holding post issue | 15,450,000 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹136,000 |
| Retail (Max) | 1 | 4000 | ₹136,000 |
| Lot Size Calculator | |||
Incorporated in 1985, Milton Industries Limited is Ahmedabad Gujrat based manufacturer and exporter of Laminates, Artificial Leather cloth and Glass Fibre Reinforced Epoxy (GFRE) Sheets.
The laminates produced by the company are used on walls, doors, windows, cupboards, tabletops, hotels, cash counters, home kitchen, etc.
PVC Coated Fabrics produced by the company are sold to Government Agencies, such as Indian Railways, State Transport Corporation of Different States and also exported to different countries.
Milton Industries has two manufacturing units in Mehsana and Sabarkantha, both located in Gujrat. The development process includes design, development, testing, manufacturing and delivery of the products.
Strengths of Milton Industries:
1. Cost efficient manufacturing and supply chain management
2. The location of manufacturing facilities gives a significant competitive cost advantage in terms of raw material sourcing, manufacturing and labour costs.
3. Our Promoter has around 32 years of experience in the industry.
4. Presence in many countries
5. Extensive distribution network
The proceeds from the Public Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda] Considering aggressive pricing, risk savy cash surplus investors may consider investment for long term. Read detail review...
The Milton Industries IPO is subscribed times on October 6, 2017 5:00:00 PM. 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) |
|---|
| Listing Date | October 16, 2017 |
| BSE Script Code | |
| NSE Symbol | MILTON |
| ISIN | INE376Y01016 |
| Final Issue Price | ₹34 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹34.00 |
| ₹40.80 |
| ₹32.20 |
| ₹40.80 |
| ₹34.35 |
Milton Industries Limited
1/2, Chitra-Ami Appartment,
Opp. La Gajjar Chamber,
Ashram Road, Ahmedabad 380009
Phone: +91-79-26584193
Email: cs@miltonindustries.in
Website: http://www.miltonindustries.in
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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Milton Industries IPO is a SME IPO of 4,200,000 equity shares of the face value of ₹10 aggregating up to ₹14.28 Crores. The issue is priced at ₹34 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 29, 2017, and closes on October 6, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Milton Industries IPO opens on September 29, 2017 and closes on October 6, 2017.
Milton Industries IPO lot size is 4000 Shares, and the minimum amount required is ₹136,000.
You can apply in Milton Industries 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 Milton Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Milton Industries IPO allotment status.
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