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Momai Apparels Limited IPO (Momai Apparels IPO) Detail

September 25, 2014 - September 30, 2014

Momai Apparels IPO is a book built issue of Rs 30.00 crores.

Momai Apparels IPO bidding started from September 25, 2014 and ended on September 30, 2014. The shares got listed on NSE SME on October 16, 2014.

Momai Apparels IPO price band is set at ₹78 to ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Momai Apparels IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Momai Apparels IPO is Choice Equity Broking.

Refer to Momai Apparels IPO RHP for detailed information.

Momai Apparels IPO Details

IPO Date September 25, 2014 to September 30, 2014
Listing Date October 16, 2014
Face Value ₹10 per share
Price Band ₹78 to ₹90 per share
Lot Size 1600 Shares
Total Issue Size3,846,400 shares
(aggregating up to ₹30.00 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue10,583,135
Share holding post issue14,429,535
Market Maker portion193,600 shares
Choice Equity Broking

Momai Apparels IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹144,000
Retail (Max) 1 1600 ₹144,000
Lot Size Calculator

Momai Apparels IPO Promoter Holding

The promoter of the company is Ashapura Intimates Fashion Ltd.

Share Holding Pre Issue 29.26%
Share Holding Post Issue 21.46%

About Momai Apparels Limited

Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME.

Momai Apparels is engaged in manufacturing of intimate garments. Company product line includes:

Lounge Wear (Under brand name 'Valentine' and 'NLine')

1. Loungewear for men, women, teenagers and toddlers
2. Bridal night wear and honeymoon sets
3. Bathrobes for men and women
4. Kids wear and Kids inner wear

Nighties & Bath robes (Under brand names 'N&D Night & Day')
1. Night wear
2. Maternity feeding night wear Bridal (two pieces)
3. Kids night wear

Sportswear (Under brand name 'Valentine Sports')
1. Sportswear and gym wear / yoga wear for both men and women

Company has a manufacturing facility at Bhiwandi, near Mumbai.

Key Performance Indicator

Objects of the Issue (Momai Apparels IPO Objectives)

The objects of the Issue are:

1. Acquisition of land for setting up new manufacturing facility
2. To meet long term working capital
3. Meet Issue expenses
4. General corporate purpose

Momai Apparels IPO Review (Apply)

[Dilip Davda]  

On merchant banker’s front, this is the fourth issue out of six IPOs in public domain and based on the track record, it appears, Pantomath is the sincere player in SME segment with projects having fundamentals. This merchant banker is not only first in bringing SME IPOs for both BSE and NSE, but is also taking lead in promoting SME sector with many initiatives in this regards.

Despite entry barriers of SME IPOs pre and post mode basis and poor support from primary market operators, long term investors should grab it as it is another mini Page Industries in the offing.

(Disclaimer: Author has no plans to invest in this IPO)

Read detail review...

Momai Apparels IPO Prospectus

Momai Apparels IPO Rating

104
4.0
Rating:Rated 4.0 stars
Vote Here ...

Momai Apparels IPO Listing Details

Listing Date October 16, 2014
BSE Script Code
NSE Symbol MOMAI
ISIN INE133R01015
Final Issue Price ₹78 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹78.00
₹78.00
₹78.00
₹82.00
₹79.70

Check IPO Performance…

Momai Apparels Limited Contact Details

Momai Apparels Limited
Shop No.305-309, 3rd Floor,
Pacific Plaza Plot No.570, TPS IV,
Mahim Division, Dadar-W, Mumbai-28
Phone: 022-24331551
Email: investors@momaiapparels.com
Website: http://www.momaiapparels.com/

Momai Apparels IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mal.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Momai Apparels IPO - Buy or Not

Momai Apparels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Momai Apparels IPO FAQs

Momai Apparels IPO is a SME IPO of 3,846,400 equity shares of the face value of ₹10 aggregating up to ₹30.00 Crores. The issue is priced at ₹78 to ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on September 25, 2014, and closes on September 30, 2014.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Momai Apparels IPO opens on September 25, 2014 and closes on September 30, 2014.

Momai Apparels IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.

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

The Momai Apparels IPO listing date is on October 16, 2014.
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Momai Apparels IPO Message Board

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197 Comments

145. BRAJESH |   Link |  Bookmark |November 26, 2014 5:13:00 PM
Mimai volume slowely down day to day and ratr also not up from Rs. 81 what us
the view of u guys either exit from stock or invested
. Pls give ur view.
144. Sri |   Link |  Bookmark |November 22, 2014 9:08:45 PM
Will this improve anytime soon? bought @ 99 :(
143. UMESH PANDYA |   Link |  Bookmark |November 11, 2014 10:25:52 AM
Why i am not able to sell shares of momai appral ?
143.1. rohit kumar |   Link |  Bookmark |November 11, 2014 6:51:32 PM
Ortel Communication Limited:

Ortel Communication Ltd is a regional cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh and west Bengal.Ortel have built a two-way communication network for ‘Triple Play’ services (video, data and voice capabilities) with control over the ‘last mile’. They have pioneered the primary point cable business model in India by offering digital and analog cable television, broadband and VAS services in Orissa, Chhattisgarh, West Bengal and Andhra Pradesh. Ortel currently hold a dominant position in Orissa, with a fast-emerging presence in three other markets, covering an addressable market of approximately five million homes

The brand names, “Ortel Home Cable”, “Ortel Digital” and “Ortel Broadband” are well known in the regions in which they operate. Ortel commenced the business in 1995 and currently, their business is broadly divided into (i) cable television services comprising of (a) analog cable television services (b) digital cable television services including other value added services such as HD services, NVoD, gaming and local content (ii) broadband services (iii) leasing of fibre infrastructure and (iv) signal uplinking services.

They were one of the first private sector companies in India to be granted an ISP license by the Government of India. Ortel services both retail and corporate customers. As of June 30, 2014, Ortel had 3,88,115 retail subscribers for analog cable television services, 74,213 retail subscribers for digital cable television services and 55,861 broadband retail subscribers adding up to a total of 5,18,189 RGUs and provisioned bandwidth of 813 mbps to the broadband corporate customers.

Ortel have grown both organically and inorganically through sale of their services directly to the cable television subscribers and through buyout of network equipment’s, infrastructure and subscribers of other MSOs and LCOs. Ortel convert the acquired cable television subscribers to primary subscribers and improve the quality of services by upgrading or rebuilding the network with the ‘last mile’ connection. By improving the quality of cable services as well as providing value added services, Ortel are able to limit large scale customer attrition to competing service platforms such as DTH providers and increase the revenue per user.
ONE MORE IPO IS COMING ON LAST NOV
For the year ended March 31, 2014, their total income was Rs1,321.61 million and PBDIT was Rs452.09 million. In Fiscal 2013 and 2012 the total income was Rs1,216.25 million and Rs1,211.99 million, respectively and their PBDIT was Rs353.21 million and Rs399.37 million, respectively.
142. IPO GRUP |   Link |  Bookmark |November 8, 2014 12:50:24 AM
pl momai aprals ka bse sme code nos keya hay (bse side par bhav nahi ata hay )
141. veeshal parekh |   Link |  Bookmark |October 21, 2014 12:31:02 AM
THANKS DILIP DAVDA FOR ENCOURAGING ME TO BUY MOMAI.THUMBS UP TO YOU
140. veeshal parekh |   Link |  Bookmark |October 21, 2014 12:26:34 AM
MOMAI IS LIKE NAVRATNA IN SME SECTOR DONT SELL AT THIS PRICE YOU WILL SURELY REGRET
139. veeshal parekh |   Link |  Bookmark |October 20, 2014 11:03:55 PM
EAGERLY WAITING FOR MONTE CARLO
138. veeshal parekh |   Link |  Bookmark |October 20, 2014 11:00:52 PM
MANAGEMENT IS BEST
137. veeshal parekh |   Link |  Bookmark |October 20, 2014 10:59:06 PM
MOMAI IS KIND OF A GEM STOCK
136. Sanjeev Kohli |   Link |  Bookmark |October 20, 2014 1:02:30 PM
I had applied thru ICICI ASBA and can see that it has been credited in the DMAT account but it does not show on holding account and I am unable to trade.....pls help.
136.1. AKUUPATEL |   Link |  Bookmark |October 21, 2014 2:46:14 AM
dear dilipbhai ..help us to know what is problem ? why not allotted to demat ?
to whom should we contact ?
135. AKUUPATEL |   Link |  Bookmark |October 18, 2014 2:46:55 AM
I get allotment 1600 by kotak Asba but i could not see in holding list can u please help me why is it so?
134. IPOANALYSIS |   Link |  Bookmark |October 18, 2014 1:16:25 AM
CLOSED AT 85 TODAY

IT WILL SLOWLY AND STEADILY MOVE TOWARDS 100+ BY DIWALI AND REACH 150 IN 3 MONTHS.

THIS IS A LONG TERM STOCK. KEEP ADDING THIS STOCK IN YOUR PORTFOLIO . BOTH SHORT TERM AND LONG TERM WILL BE REWARDED
133. Dilip Davda |   Link |  Bookmark |October 17, 2014 10:18:05 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Momai Apparels – an emerging star on NSE SME

The biggest SME IPO of Momai Apparels from Valentine group that collected over Rs. 43.30 crore by way of maiden offer got listed on NSE SME Emerge platform on 16.10.14. The shares that were allotted at a price of Rs. 78 against price band of Rs. 78-90 opened at Rs. 78 marked the high of Rs. 82 and closed at Rs. 79.70 with a closing at a premium above offer price on debut day.


Caption: From Left to Right Mr Dinesh Sodha ED-Momai Apparel, Mr Harshad Thakkar – CMD- Momai, Mrs Harshad Thakkar, Mr Mahavir Lunawat- CMD Pantomath group

The issue that created a record of oversubscription to the tune of 1.84 times attracting over 2800 applications also created new milestone of biggest volume on debut day. On NSE SME Emerge it clocked in total average volume of Rs. 8 crore day and thus established new records surpassing many main line counters. Details of two day’s trade for the week ended 17.10.14 are as under:

Date            Open      High      Low      Close      No. of shares      No of Trades      Volume in Rs. Crore
16.10.14      78      82      78      79.25      990400            619            7.99                  
17.10.14      80      85.70      80      84.85      995200            622            8.35

According to market circles, many retail investors who did not get allotment have rushed in to buy the shares and investment brokers have chased the counter for their HNI clients. Thus the scrip is finding its way in long-term investors’ portfolio. The issue got rating of “CARE SME Fundamental 4” indicating very good fundamentals. The issue was lead managed by Pantomath Capital Advisors Pvt Ltd. and registrar to the issue was Link Intime India Pvt Ltd.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

132. JAYESH SHAH |   Link |  Bookmark |October 17, 2014 2:29:45 PM
IT IS MOVING TOWARD 90 TO 125 RANGE
132.1. ria shroff |   Link |  Bookmark |October 17, 2014 3:35:37 PM
Yes whatever be the rumors about this stock but its definite hold for short term and long term
132.2. Lakhan |   Link |  Bookmark |October 17, 2014 5:42:10 PM
Yep , its a buy and hold both.
Stock to keep in portfolio ,
target 100+ By diwali
and 150+ by december end.
131. jadesmith |   Link |  Bookmark |October 16, 2014 11:23:10 PM
@Mitesh..it has been traded since 9.15 am itself.
130. BIPIN GUPTA |   Link |  Bookmark |October 16, 2014 6:51:00 PM
miteshbhai,thanks for the reply.little more trouble i will give you. if i want to buy momai apparels then can i buy in nse market or i need to buy in different market like like nse sme ..??
plz tell me. and thanks a lot.
129. jadesmith |   Link |  Bookmark |October 16, 2014 12:09:32 PM
Sold @ 81
129.1. MITESH PATEL |   Link |  Bookmark |October 16, 2014 12:53:56 PM
it is not listed yet!!!!!!! how can u sold?
129.2. Lakhan |   Link |  Bookmark |October 16, 2014 2:22:49 PM
Currently trading at 81.6 !!!!
Target 100+ by end of November.
128. DABAANG |   Link |  Bookmark |October 15, 2014 5:39:51 PM
I have been debited the amount but securities have not been credited in my dp account. what should i do...
128.1. R GARG |   Link |  Bookmark |October 15, 2014 7:20:12 PM
Dear Shares have already credited in respective DPs account. In case of non credit, you may contract Ms. Bhumi, Company Sectary of Company of Linkintimne - Registrar to the issue.
128.2. Lakhan |   Link |  Bookmark |October 15, 2014 7:41:12 PM
Dear Dabaang ji ,

Same problem with me , but when i closely checked my account ,
securities of momai apparels limited are showing as blocked balance and not as free balance.
I don''t know what it means.
127. R GARG |   Link |  Bookmark |October 15, 2014 2:02:16 PM
Whether it is Listing Tomorrow.
126. Tarun Gupta |   Link |  Bookmark |October 15, 2014 12:42:14 PM
Remember ashapur 40 issue price
Momai 78 issue price