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MITCON Consultancy IPO is a fixed price issue of Rs 25.01 crores.
MITCON Consultancy IPO bidding started from October 15, 2013 and ended on October 18, 2013. The shares got listed on NSE SME on November 1, 2013.
MITCON Consultancy IPO price is ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000.
Idbi Capital Market Services Limited and Keynote Financial Services Ltd are the book running lead managers of the MITCON Consultancy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to MITCON Consultancy IPO RHP for detailed information.
IPO Date | October 15, 2013 to October 18, 2013 |
Listing Date | November 1, 2013 |
Face Value | ₹10 per share |
Price | ₹61 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,100,000 shares (aggregating up to ₹25.01 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Investors can bid for a minimum of 2000 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 | 2000 | ₹122,000 |
Retail (Max) | 1 | 2000 | ₹122,000 |
Lot Size Calculator |
Incorporated in 2010, MITCON Consultancy & Engineering Services Ltd is an ISO 9001:2008 certified company engaged in providing consultancy and engineering services. They provides services to banking, infrastructure and biotechnology sectors. They have provided services to small and medium enterprises (SME), large corporates, banks, financial institutions and various government bodies. They classify their services into Consultancy and Engineering Services and Training and Allied services.
Their client based includes GSPC Pipavav Power Company Limited, Ajanta Pharma Limited, VRL Logistics Limited, Sterling Biotech Limited, Naine Minerals & Resources Pte. Limited, Kisan Veer Satara Sahakari Sakhar Karkhana Limited, Shri Vile Parle Kelavani Mandal, D. J. Malpani, Giriraj Enterprises, Mahalaxmi TMT Private Limited, Adlabs Entertainment Limited, HPCL Biofuels Limited, PMT Machines Limited, Kalika Steels Alloys Private Limited and Maharashtra State Police Wireless. Company's shareholders include private sector banks, nationalized banks, financial institutions and state government development corporations.
The Objects of the Issue are:
1. Acquisition of property for setting up new offices in Bangalore, Hyderabad, Chennai, New Delhi and Ahmedabad and environment testing laboratory in Bangalore and Ahmedabad;
2. Purchase of office equipment for new offices;
3. Purchase of furniture and fixtures and carrying out interior designing for the new offices and the environment testing laboratory;
4. Purchase of equipment for environment testing laboratory at Ahmedabad and Bangalore;
5. General Corporate Purposes; and
6. To meet Issue related expenses.
[Dilip Davda]
On merchant banker’s front, IDBI Capital has third mandate for NSE SME IPO whereas Keynote has second and looking at past track record of SME IPOs, the average performance of all listings on NSE Emerge so far is not auguring well for this IPO.
Avoid
Read detail review...Listing Date | November 1, 2013 |
BSE Script Code | |
NSE Symbol | MITCON |
ISIN | INE828O01033 |
Final Issue Price | ₹61 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹61.00 |
₹60.00 |
₹51.10 |
₹60.00 |
₹51.10 |
MITCON Consultancy & Engineering Services Ltd
First Floor, Kubera Chambers,
Shivajinagar,
Pune 411 005, Maharashtra
Phone: +91 20 2553 4322
Email: ipo@mitconindia.com
Website: http://www.mitconindia.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mitcon.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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MITCON Consultancy IPO is a SME IPO of 4,100,000 equity shares of the face value of ₹10 aggregating up to ₹25.01 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.
The IPO opens on October 15, 2013, and closes on October 18, 2013.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The MITCON Consultancy IPO opens on October 15, 2013 and closes on October 18, 2013.
MITCON Consultancy IPO lot size is 2000 Shares, and the minimum amount required is ₹122,000.
You can apply in MITCON Consultancy 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 MITCON Consultancy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MITCON Consultancy IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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