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Mitsu Chem Plast Ltd IPO (Mitsu Chem Plast IPO) Detail

August 26, 2016 - August 31, 2016

Mitsu Chem Plast IPO is a fixed price issue of Rs 9.51 crores.

Mitsu Chem Plast IPO bidding started from August 26, 2016 and ended on August 31, 2016. The shares got listed on BSE SME on September 9, 2016.

Mitsu Chem Plast IPO price is ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000.

Aryaman Financial Services Limited is the book running lead manager of the Mitsu Chem Plast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Mitsu Chem Plast IPO RHP for detailed information.

Mitsu Chem Plast IPO Details

IPO Date August 26, 2016 to August 31, 2016
Listing Date September 9, 2016
Face Value ₹10 per share
Price ₹95 per share
Lot Size 1200 Shares
Total Issue Size1,000,800 shares
(aggregating up to ₹9.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue3,525,000
Share holding post issue3,525,000

Mitsu Chem Plast IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹114,000
Retail (Max) 1 1200 ₹114,000
Lot Size Calculator

About Mitsu Chem Plast Ltd

Mitsu Chem Plast Ltd (MCPL) is an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified polymer based molded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products &Emergency Handling Solutions. MCPL's products are manufactured under brand 'Mitsu' and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies.

Objects of the Issue (Mitsu Chem Plast IPO Objectives)

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the BSE SME Platform of BSE Ltd.
and to carry out the sale of upto 10,00,800 Equity Shares by the Selling Shareholders.

Mitsu Chem Plast IPO Review (Apply)

[Dilip Davda]  Investors may consider investment for long term. The asking price is at a P/E of 17 plus against industry average of 22. Thus this IPO appears to have been priced reasonably. Read detail review...

Mitsu Chem Plast IPO Prospectus

Mitsu Chem Plast IPO Rating

41
2.7
Rating:Rated 2.7 stars
Vote Here ...

Mitsu Chem Plast IPO Listing Details

Listing Date September 9, 2016
BSE Script Code 540078
NSE Symbol
ISIN INE317V01016
Final Issue Price ₹95 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹95.00
₹96.00
₹95.20
₹96.40
₹96.20

Check IPO Performance…

Mitsu Chem Plast Ltd Contact Details

Mitsu Chem Plast Ltd
329, Gala Complex, 3rd Floor,
Din Dayal Upadhyay Marg,
Mulund (W), Mumbai - 400 080
Phone: 022 2592 0055
Email: investor@mitsuchem.com
Website: http://www.mitsuchem.com

Mitsu Chem Plast IPO Registrar

Mitsu Chem Plast IPO - Buy or Not

Mitsu Chem Plast IPO Recommendation Summary

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Members 0 0 0

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Mitsu Chem Plast IPO FAQs

Mitsu Chem Plast IPO is a SME IPO of 1,000,800 equity shares of the face value of ₹10 aggregating up to ₹9.51 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200 Shares.

The IPO opens on August 26, 2016, and closes on August 31, 2016.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Mitsu Chem Plast IPO opens on August 26, 2016 and closes on August 31, 2016.

Mitsu Chem Plast IPO lot size is 1200 Shares, and the minimum amount required is ₹114,000.

You can apply in Mitsu Chem Plast 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 Mitsu Chem Plast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mitsu Chem Plast IPO allotment status.

The Mitsu Chem Plast IPO listing date is on September 9, 2016.
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Mitsu Chem Plast IPO Message Board

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69 Comments

41. atul |   Link |  Bookmark |October 18, 2016 6:27:54 PM (300+ Posts)
150 is soon on cards

40. STOCKT |   Link |  Bookmark |September 17, 2016 4:06:33 PM
great sme. this would surprass and give atleast 50 pc return within 6 months. keep on adding this gem
39. atul |   Link |  Bookmark |September 15, 2016 10:52:12 PM (300+ Posts)
This is hidden gem guys.will toiuch 110 soon.and they are planning to foray in to new product range .
38. STOCKT |   Link |  Bookmark |September 14, 2016 11:51:14 PM
GOOD SME.

ALSO IF YOU LOOK TRACK OF ARYAMAN THE HAVE REWARDED LONG TERM INVESTORS MORE THAN ONE WHO SELL ON LISTING.

KEEP THIS GEM. THEIR FACTORY OPENING SOON AS PER PROSPECTUS
37. rushabh mehta |   Link |  Bookmark |September 12, 2016 11:10:42 AM
Proud of you MITSU. In such a pathetic downfall, you are keeping your flag high. I am sure once market stable you will go up.
36. Durairaj,Tiruppur |   Link |  Bookmark |September 10, 2016 3:51:42 PM (300+ Posts)
Seems like those bulk deal brokers are hired to take care that the price doesn''t goes below the issue price....
35. rushabh mehta |   Link |  Bookmark |September 9, 2016 2:36:15 PM
Out of 10 lacs shares 1.57 lacs traded today on exchange. Its like 15% of total quantities. It looks like all listing gains ppl are selling.
35.6. Durairaj,Tiruppur |   Link |  Bookmark |September 9, 2016 7:37:01 PM (300+ Posts)
Yeah i accept that the lot size has been kept higher to save the small investors from taking risk.

Atleast in secondary market, the lot size should be removed/ reduced.

This company seems to be a good investment, still everyone has an portfolio size according to their financial capabilities. For eg, if some one who has a fund of 2 lakh invested in stock, he won''t hold the whole shares of Rs.1.14 lakhs, so he may ultimately exit.
35.7. rushabh mehta |   Link |  Bookmark |September 9, 2016 11:45:12 PM
If you refer BSE website, it shows lots of bulk deals happened today. Ppl tried to make listing gains but ended up with slight loss. All manipulation done on this stock for today. From next week it will show real strength or weakness. Hoping for the best. Lets wait n watch.
34. rushabh mehta |   Link |  Bookmark |September 9, 2016 11:55:03 AM
It looks like evry1 wanna sell its allotted shares :p
Disappointment :(
33. Dhiren parmar |   Link |  Bookmark |September 9, 2016 11:18:43 AM
Bad listing, listed at high of 96.50 & now trading at 95.35
32. Smiter |   Link |  Bookmark |September 9, 2016 10:29:16 AM
Perhaps Cnbc awaz and zee business dont track listings of SME IPOs like Mitsu chem etc
31. Durairaj,Tirupur |   Link |  Bookmark |September 9, 2016 9:04:28 AM (300+ Posts)
BSE Listing details
Segment: BSE SME
Security ID : MITSU
Security code : 540078
Circuit filter : Rs. 76-114
30. STOCKT |   Link |  Bookmark |September 9, 2016 12:52:54 AM
company is setting up factory in Gujarat in coming days . the news is enough to increase the price in near future.

keep this for long term. Also Aryaman finacial sme give good long term gains. check its past performance of stocks like bajaj healthcare etc.

in prospectus
We are in the process of starting a new manufacturing unit at Sanand, Gujarat and the capacities of this unit will
also be part of the total production output of our Company. Further, we may decide to increase our product
portfolio and to enter more geographical areas based on our estimates of market demand and profitability.
30.1. Durairaj,Tirupur |   Link |  Bookmark |September 9, 2016 8:50:42 AM (300+ Posts)
You are too optimistic about the company, your posts makes me to rethink my decision of selling today...
it''s good that they are expanding....
30.2. rushabh mehta |   Link |  Bookmark |September 9, 2016 9:51:56 AM
Agree. Sanand is hub of auto industry. There are many companies around and it will increase more demand and more profit.
29. CLD |   Link |  Bookmark |September 8, 2016 10:49:44 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
listing on 09.09 on BSE SME platform
28. Smiter |   Link |  Bookmark |September 8, 2016 2:11:22 PM
So tomorrow is listing, what should be done...hold or immediately sell & get out as in long term there may be lack of volume which could make share worth nothing?
27. onil |   Link |  Bookmark |September 7, 2016 3:26:38 PM
From Draft Prospectus:
Our products are manufactured under our brand “Mitsu” and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies. For example, majority of our automotive components are sold to various automotive OEMs who are suppliers to Ashok Leyland, Tata Motors and Man Motors. Our industrial packing products like open mouth / wide mouth drums, jerry cans, bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. Our end users include various national and international automobile companies, pharmaceutical & chemical companies, hospitals, and other corporate houses including National Peroxides Ltd., Galaxy Surfactants Ltd., Castrol India Ltd., Thermax Ltd., Cipla Ltd., Emcure Pharmaceuticals Ltd., Mylan India Ltd., Tata Ficosa Ltd. and Tata Autocomp Systems Ltd., to name a few.
27.2. Durairaj,Tirupur |   Link |  Bookmark |September 7, 2016 11:05:28 PM (300+ Posts)
listing on 9th
27.3. Smiter |   Link |  Bookmark |September 8, 2016 2:11:50 PM
Thanks durairaj
26. onil |   Link |  Bookmark |September 7, 2016 11:50:54 AM
Its a good company with very small equity n paying dividend. Having allotted land for expansion plans. Good future ahead. Keep hold at least till H1 result.
25. Durairaj,Tirupur |   Link |  Bookmark |September 7, 2016 12:01:14 AM (300+ Posts)
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx

ALLOTTMENT STATUS OUT.
(Un)Luckily got allottment...
25.4. Durairaj,Tirupur |   Link |  Bookmark |September 7, 2016 12:20:54 AM (300+ Posts)
Hope "All is well"
25.5. STOCKT |   Link |  Bookmark |September 7, 2016 12:53:57 AM
subscription is not a criteria for sme listing price

check urself shiva granite ,advance syntex,ofs technologies

low subscription like prabhat telecom ,umiya tubes whcih were not even 1 time subscribed have give great results.

so relax its a great company
24. deepak SSKI |   Link |  Bookmark |September 6, 2016 12:32:44 PM
please provide the details of listing date and allotment status
24.1. rushabh mehta |   Link |  Bookmark |September 6, 2016 11:51:53 PM
Find allotment details on
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx

Listing on 8Sep
23. deepak SSKI |   Link |  Bookmark |September 6, 2016 12:31:56 PM
please provide the details about listing and allotment status
22. CAN |   Link |  Bookmark |August 31, 2016 7:05:06 PM
Bid and Quantity for MITSU CHEM PLAST LIMITED
At BSE
Last updated on
8/31/2016 6:00:29 PM
Price ()       Quantity
95.00      14,29,200
Cut-off      4,36,800
Total      18,66,000
22.1. rushabh mehta |   Link |  Bookmark |August 31, 2016 8:32:13 PM
How to find retail subscription? Is there any way until they declared?