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Incorporated in 1994, Gujarat based Mahickra Chemicals Limited is engaged in the business of manufacturing and trading of Reactive Dyes. The company manufactures 40 various types of Reactive Dyes. The products of the company cater to textiles & garments manufacturers. It also offers specialty performance chemicals to the Textile Dyeing and printing industry.
Mahickra has a production capacity of approx. 900 tons per annum. The manufacturing facility of the company is situated at Vatva GIDC in Gujarat. The facility is spread over 2 storeyed 700 sq. meters in area. It is an ISO 9001:2015, ISO 14001:2015 and GOTS certified company. The company had 18 employees on its payroll as on 31st January 2018.
| IPO Date | Apr 16, 2018 to Apr 18, 2018 |
| Listing Date | Apr 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹24 to ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,100,000 shares (aggregating up to ₹5.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 0 (0.00%) |
| NII (HNI) Shares Offered | 996,000 (47.43%) |
| Retail Shares Offered | 996,000 (47.43%) |
| Market Maker portion | 108,000 shares |
| Total Shares Offered | 2,100,000 |
Mahickra Chemicals IPO opens on Apr 16, 2018, and closes on Apr 18, 2018.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 16, 2018 |
| Closing Date | Apr 18, 2018 |
| Basis of Allotment | Apr 23, 2018 |
| Initiation of Refunds | Apr 24, 2018 |
| Credit of Shares to Demat | Apr 25, 2018 |
| Listing Date | Apr 26, 2018 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Mahickra Chemicals IPO lot size is 6000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| Lot Size Calculator | |||
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2562.24 | 1817.89 | 1781.93 | 2089.50 | 1063.95 | |
| Total Revenue | 4225.85 | 3478.82 | 4275.15 | 4355.99 | 1932.94 | |
| Profit After Tax | 35.27 | 15.17 | 8.60 | 17.36 | 9.31 | |
The object of the Issue are:
1. Funding the working capital requirements of the Company;
2. General Corporate Purposes
[Dilip Davda] Considering aggressive pricing ofMahickra Chemicals NSE SME IPO, there is no harm in giving it a miss. Read detail review...
The Mahickra Chemicals IPO is subscribed 27.85 times on Apr 18, 2018 5:00:00 PM. The public issue subscribed 9.88 times in the retail category, times in the QIB category, and 22.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 22.42 |
| Retail | 9.88 |
| Total | 27.85 |
| Listing Date | Apr 26, 2018 |
| BSE Script Code | |
| NSE Symbol | MAHICKRA |
| ISIN | INE961Y01015 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹25.00 |
| ₹35.00 |
| ₹35.00 |
| ₹36.75 |
| ₹36.75 |
Mahickra Chemicals Limited
Plot No. 1209, Phase-3 GIDC Vatva
Ahmedabad-382445
Phone: 079-25890811/25832692
Email: info@mahickra.com
Website: http://www.mahickra.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Mahickra Chemicals IPO is a SME IPO of 2,100,000 equity shares of the face value of ₹10 aggregating up to ₹5.25 Crores. The issue is priced at ₹24 to ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Apr 16, 2018, and closes on Apr 18, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Mahickra Chemicals IPO opens on Apr 16, 2018 and closes on Apr 18, 2018.
Mahickra Chemicals IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in Mahickra Chemicals 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 Mahickra Chemicals IPO will be done on Apr 23, 2018, and the allotted shares will be credited to your demat account by Apr 25, 2018. Check the Mahickra Chemicals IPO allotment status.
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