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Misquita IPO is a fixed price issue of Rs 1.93 crores. The issue is a combination of fresh issue of 4.44 lakh shares aggregating to Rs 1.20 crores and offer for sale of 2.72 lakh shares aggregating to Rs 0.73 crores.
Misquita IPO bidding started from September 23, 2019 and ended on September 25, 2019. The allotment for Misquita IPO was finalized on Monday, September 30, 2019. The shares got listed on BSE SME on October 4, 2019.
Misquita IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Gretex Corporate Services Limited is the book running lead manager of the Misquita IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Misquita IPO RHP for detailed information.
| IPO Date | September 23, 2019 to September 25, 2019 |
| Listing Date | October 4, 2019 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 716,000 shares (aggregating up to ₹1.93 Cr) |
| Fresh Issue | 444,000 shares (aggregating up to ₹1.20 Cr) |
| Offer for Sale | 272,000 shares of ₹10 (aggregating up to ₹0.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,250,000 |
| Share holding post issue | 2,694,000 |
| Market Maker portion | 36,000 shares |
Misquita IPO offers 716,000 shares. 340,000 (47.49%) to NII, 340,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 36,000 (5.03%) |
| Other Shares Offered | 340,000 (47.49%) |
| Retail Shares Offered | 340,000 (47.49%) |
| Total Shares Offered | 716,000 (100%) |
Misquita IPO opens on September 23, 2019, and closes on September 25, 2019.
| IPO Open Date | Monday, September 23, 2019 |
| IPO Close Date | Wednesday, September 25, 2019 |
| Basis of Allotment | Monday, September 30, 2019 |
| Initiation of Refunds | Tuesday, October 1, 2019 |
| Credit of Shares to Demat | Tuesday, October 1, 2019 |
| Listing Date | Friday, October 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2019 |
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 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| Lot Size Calculator | |||
Mr. Thomas Constance Avinash Misquita and Ms. Gail Lucia Misquita are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.42% |
Incorporated in 1998, Misquita Engineering Ltd is a manufacturer and supplier of front-loading washers. The company supplies and does job-work of the front-loading washers for washing machine makers in India.
The company believes in the zero-defect product which means zero wastage, zero effect and efficient & effective use of resources.
The company qualifies to work as a strategic supplier and supplies machined parts to Commscope USA. Misquita Engineering is planning to expand its building capacity and evolve new technologies to improve the process control level and automation system.
The company can maintain a tolerance band of ten microns (maximum) with 5 CNC turning centres and some supporting conventional machines.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 799.91 | 739.56 | 529.55 | |
| Total Revenue | 760.70 | 677.35 | 577.26 | |
| Profit After Tax | 42.12 | 25.26 | 15.71 | |
Objects for which the company intends to use the net proceeds are:
(a) To meet working capital requirement
(b) Prepayment/Repayment of certain debt facilities availed by the company (Loan for Shed expansion)
[Dilip Davda] Based on average financial data, the issue is priced aggressively. MEL operates in a highly competitive field that may bring pressure on margins going forward. Company's tiny equity will take a longer duration for migration to the mainboard. There is no harm in giving it a miss Read detail review...
The Misquita IPO is subscribed 1.62 times on September 25, 2019 6:49:02 PM. The public issue subscribed 0.72 times in the retail category, times in the QIB category, and 2.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.52 |
| Retail | 0.72 |
| Total | 1.62 |
| Listing Date | October 4, 2019 |
| BSE Script Code | 542801 |
| NSE Symbol | |
| ISIN | INE957W01025 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹27.00 |
| ₹27.85 |
| ₹27.85 |
| ₹29.20 |
| ₹29.20 |
Misquita Engineering Ltd
182/1 Vaiginim Vaddo,
Nachinol, Aldona,
North Goa, Goa-403508, India
Phone: +91 83088 48233
Email: info@misquitaengg.com
Website: http://www.misquitaengg.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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Misquita IPO is a SME IPO of 716,000 equity shares of the face value of ₹10 aggregating up to ₹1.93 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 23, 2019, and closes on September 25, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Misquita IPO opens on September 23, 2019 and closes on September 25, 2019.
Misquita IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in Misquita 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 Misquita IPO will be done on Monday, September 30, 2019, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2019. Check the Misquita IPO allotment status.
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