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Incorporated in 2003, Mahabir Metallex Ltd is engaged in the business of trading and distribution of steel products like TMT Bars, Rolled Products, Billets, Colour Coated Sheets, Steel strips/ Cold Rolled Strips, Round AngleChannels& Bars, Ingots and Steel Pipes and Tubes.
Company buy the material from various manufacturers and further sell and distribute the material to various consumers like real estate developers, capital goods manufacturers, scrap holding manufacturers etc on cash basis as well as on credit basis.
Company's product offerings includes ready to use steel, primarily re-bars to be used in construction activities in various Sector like roads, power plants, housing, bridges, metros, monorails etc.
The objects of the Issue are:
1. Long term working capital requirements and
2. Issue expenses.
| IPO Date | Mar 9, 2015 to Mar 12, 2015 |
| Listing Date | Friday, March 27, 2015 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Issue Size | 3,900,000 shares of ₹10 (aggregating up to ₹3.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mrs. Anju Gupta |
The Mahabir Metallex IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
This at par SME offer is at higher P/E. Due to entry barriers, low preference for SME IPOs by the broking community at large. However, investors with surplus funds may invest at their own discretion for long term, bearing in mind that stock market investments are linked to market risks. The author has no plans to invest in this IPO.
Read detail review...
| Listing Date | Friday, March 27, 2015 |
| BSE Script Code | 539041 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE369Q01017 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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Mahabir Metallex Ltd
A-3, NDSE,
Part I, New Delhi,
Delhi-110049
Phone: +91 11 41070148
Email: info@mahabirmetallex.com
Website: http://www.mahabirmetallex.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Mahabir Metallex IPO is a SME IPO of 3,900,000 equity shares of the face value of ₹10 aggregating up to ₹3.90 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Mar 9, 2015, and closes on Mar 12, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Mahabir Metallex IPO opens on Mar 9, 2015 and closes on Mar 12, 2015.
Mahabir Metallex IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Mahabir Metallex 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mahabir Metallex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahabir Metallex IPO allotment status.
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